Two Economics assignment
csht
Module13.docxnstructions
In 2014, China’s economy slowed significantly causing a decrease in demand for US exports.
Use the AD/AS model to explain the likely short run impacts on US GDP and the aggregate price level. What do you anticipate will happen to US consumption expenditure and US employment? Please explain your reasoning for each of your predictions and show graphically as appropriate.
Grading Rubric
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Criteria |
Not Evident 0% |
Developing 55% |
Proficient 80% |
Distinguished 100% |
Weight |
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Explain the likely short run impacts on US GDP using the AD/AS model |
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|
|
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20 |
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Explain the likely change in the aggregate price level using the AD/AS model |
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|
|
|
20 |
|
Create a graphic to illustrate the anticipated result to US consumption expenditure and US employment |
|
|
|
|
20 |
|
Explain the anticipated result to US consumption expenditure and US employment |
|
|
|
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25 |
|
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) |
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|
|
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15 |
|
|
|
|
|
Total: |
100 |
