Macroeconomics 11th Edition by Michael Parkin

تمرين 24

Use the following news clip to work the Problems.
IMF Warns Global Economic Slowdown Deepens, Prods U.S., Europe
The IMF said the global economic slowdown is worsening and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.
a. What actions that the Fed had taken in 2011 and 2012 would you expect to influence U.S. real GDP growth in 2013Explain how those policy actions would transmit to real GDP.
b. Draw a graph of aggregate demand and aggregate supply to illustrate your answer to part (a).