Week 3 Assignment Shocks on the ADAS Model

Imagine that in the year 2035, Japan's economy shrinks significantly, causing a decrease in investment in the U.S. economy.

Use the ADAS model to explain the likely short run impacts on U.S. GDP and the aggregate price level. What do you anticipate to happen to U.S. consumption expenditures and U.S. employment? Explain your reasoning for each of your predictions and show graphically as appropriate. Students may utilize Paint, Word (the shapes tool under Insert), OneNote (Draw tab), or hand draw the graphs.

Completion Criteria

Criteria	Not Evident	Developing	Proficient	Distinguished	Weight
Explain the likely short run impacts on U.S. GDP and the aggregate price level using the ADAS Model.	Nothing is completed.	Does not seem to understand the scenario very well.	Generally accurate, but could be improved with more analysis and creative thought. Shows a good understanding of parts of the scenario.	Clear evidence of critical thinking-application, analysis, synthesis, and evaluation.	4
Graphically show the likely short run impacts on U.S. GDP and the aggregate price.	Nothing is completed.	The graph is somewhat accurate. Many parts are mislabeled or drawn incorrectly.	The graph is mostly accurate. Some parts are mislabeled or drawn incorrectly.	Axes and curves are labelled correctly. Curves are in the correct direction. Shifts are accurately drawn.	4
Explain the anticipated result to U.S. consumption expenditures and U.S. employment.	Nothing is completed.	Does not seem to understand the scenario very well.	Generally accurate, but could be improved with more analysis and creative thought. Shows a good understanding of parts of the scenario.	Clear evidence of critical thinking-application, analysis, synthesis, and evaluation.	5
Graphic to illustrate the anticipated result to U.S. consumption expenditures and U.S. employment.	Nothing is completed.	Does not seem to understand the scenario very well.	Generally accurate, but could be improved with more analysis and creative thought. Shows a good understanding of parts of the scenario.	Clear evidence of critical thinking-application, analysis, synthesis, and evaluation.	5
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas).	Responses are unintelligible or not present.		Responses are understandable, but some mistakes are present.	Responses are well articulated and understandable, with no mistakes.	2
Total:	20