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03-06-2023
Business

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Changes in Aggregate Demand and Aggregate Supply
This week, you learned about the macroeconomic goals of economic growth, low unemployment, and price stability. The ABC Newsarticle What Americans Should Know About Inflation as It Hits a 30-year High by Catherine Thorbecke describes the inflation that the U.S. economy experienced at the end of 2021. This inflation is the antithesis of the goal of price stability. Although the economy was experiencing economic growth and had returned to a low rate of unemployment, prices increased at an alarming rate. Pay attention to the section describing what causes inflation. Note the mention of aggregate demand and aggregate supply.
The article was written in November of 2021. Can you find information on what was done to try to address this inflation beginning in March of 2022?

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