Using the AS-AD framework to think about the first-order macroeconomic dynamics that affect and reveal where an economy lies relative to its potential (output gap) and the price pressure is associated with that. Note: The AEE ("all else equal") conceptual tool should be used liberally! Resources May use all course materials; template graphics are provided but you may generate the AS-AD graphs in whatever manner is most effective and efficient for you May use any data (and data graph) sources; must be cited May incorporate analysis of others (in the press, on the internet) to inform your analysis; it must be captured in the frameworks we use in this course (stripped down analysis using our simple frameworks is better than complex analysis parroting someone else); cited. Deliverable A short slide deck answering questions with graphical analysis and (graphical) data support. Explanation (bullet points) of each curve shift and of the reasonableness of your depiction of where the economy is at each point with respect to the price pressure and the output gap