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Module $4$ Problem Set $-2301-$ November $672024.$pdf

ECON $2301$: Principles of Macroeconomics

Module $4$: Monetary Policy Problem Set

Read the Federal Open Market Committee statement released following their meeting on $6-7$ November $2024.$

Use the blank graph below to draw and annotate an ADAS model that represents:

I. The current performance $($inflationary$,$ recessionary, healthy$/$full employment$)$ of the US economy, as explained by the FOMC statement.

a$.$ Annotation #I: explain how the current state of rGDP is represented on the model;

b$.$ Annotation #$2$: explain how the current unemployment rate is represented on the model;

c$.$ Annotation #$3$: explain how the current inflation rate is represented on the model.

$[$Annotations are how you justify$/$support the version of the ADAS model you chose to draw.$]$