Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes.
If the question prompts you to "Calculate," you must show how you arrived at your final answer.
An economy is currently in a recession.
(a) Draw a single correctly labeled graph with both the short-run and long-run Phillips curves. Label
the current short-run equilibrium as point X.
(b) Is the expected inflation rate greater than, less than, or equal to the actual inflation rate?
(c) Will borrowers on fixed-rate loans benefit from the situation that you identified in part (b)?
Explain
(d) Assume the government budget is balanced. In the absence of any discretionary policy action,
will the government budget move into surplus, deficit, or remain in balance? Explain.
(e) On your graph in part (a), show how the economy will adjust in the long run in the absence of
any discretionary policy action.
(1) Now assume instead the government increases spending without changing taxes to close the
recessionary gap. What effect will this policy have on the national debt?
(9) Draw a correctly labeled graph of the loanable funds market and show the effect of the change
in the national debt on the equilibrium real interest rate.
(h) Based on the change in the equilibrium real interest rate identified in part (g), what will happen
to economic growth in the country in the long run? Explain.

Post the graph so people can answer

Answerbecause of prohibition keep bars shut down, the drink was popular with on-the-go people

There really doesn't seem to be anything remotely advanced about this question, especially for high school.that being said, the actual correct answer may depend on the lesson you received.but i'll use common knowledge to you out here.  an atlas is a map, a flat map which depicts the world, all the continents and large bodies of water and etc.  an almanac is basically a yearly calendar. this depicts all the stuff that happened during the year it was released after, such as important events, sporting stuff, astronomical data, etc. it really depends on what type of almanac you go for.encyclopedias contain vast knowledge about just about everything important around the globe. each encyclopedia is generally focused on a topic and it's relating topics, ordered by each book alphabetically.  information resource can be anything. internet, newspaper, talking dog of pure wisdom (joking), the bible (or the religious book for whatever religion is in question), etc. all of these are considered information resources, as they all provide information on their respective topics (the internet is pretty much all topics)now, once again, your true answer will be based on whatever it is you learned, which i would not know. my answer will simply be using common knowledge.but your answers that line up with weather, sports, and business would be an almanac, information resources, and encyclopedia.  unfortunately, in today's world, they have books for everything. they have almanacs for weather, sports, and business, and they also have encyclopedia's for those as well. and of course, you can find all of that using information resources as well.  the only truly incorrect answer here is atlases.  ~hope this !