In this paper, you will use the aggregate demand/aggregate supply model toanalyze a historical economic downturn in the United States. By historical, Imean an event that occurs prior to 2020 and excludes the 2007-2009 recession.You need to choose a business cycle downturn from the list of historical downturns at the following link:http://www2.nber.org/cycles/Your paper should be divided into two parts: summary and analysis. In thesummary section, you need to describe the specific historical circumstances leading to the downturn you are analyzing. You must cite at least two scholarlysources (academic journal articles or pieces published in legitimate news periodicals) which describe the historical events leading to the downturn. In theanalysis section, you should describe: (A) the source of the downturn (aggregate demand shock or aggregate supply shock), (B) the outcomes for output,unemployment, and inflation in the short-run, and (C) the long-run effects foroutput, unemployment, and inflation, as well as any policy response. Your analysis should feature two separate diagrams depicting the AD/AS model, one witha graph of the short-run effect, one with a graph of the long-run effect. Youneed to explain the assumptions behind any shifts of AD/AS curves that youdraw, and fully elaborate on the underlying economic intuition. Make sure allcurves and axes on your graphs are clearly labeled.Papers should be 3 to 4 pages in length, use standard APA orChicago formatting, with appropriate citations, double-spacing, and Times NewRoman font.
Why Choose Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
Customer Support 24/7
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission and Business Papers
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Editing and Proofreading
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.