Why is a high rate of inflation bad for the economy

Assignment Help Microeconomics

Reference no: EM13793878

PART I:

1. Why is a high rate of inflation bad for the economy?

2. Right now, our economy is going through what phase of the business cycle? How do you know this?

3. Explain the difference between deflation and disinflation.

4. How would you improve upon the way the Bureau of Labor Statistics computes the unemployment rate?

5. Leo Krause is laid off. How does he make ends meet until he finds another job?

6. If we succeeded in setting up a computer-based national job bank with listings of virtually every job opening, what type of unemployment would this nearly eliminate? Explain how this would happen.

7. How were you and your family affected by the recession of 2007-2009?

8. On February 5, 2012, the BLS announced that employment fell by 20,000 in January, while the unemployment rate fell from 10.0 to 9.7. How do you explain that seeming contradiction?

PART II: RESEARCH PAPER

Directions: Please write a 2-3 page paper in which you address the questions below. Please format your paper according to APA guidelines (including a title page). Make sure to cite your references in a reference section.

Unemployment and inflation are terms most of us have heard before attending this course. Using your own personal experiences (this can include friends and family, as well) with these events describe a recent severe recession, the great depression, or hyperinflation in another country. How have these situations affected you? What changes have you been forced to make? How does history play a role in today's economy?

Reference no: EM13793878

Questions Cloud

Focus and its progression of mental illness : Where can more information regarding the identified disease be found?

Discuss the various levels and types of strategies : Discuss the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Outline a communications plan the company could use to make the strategies you recommend above known to all stakeholders.

Write a summary of the article how ethnic can you be at work : Write a summary of the article "How Ethnic Can You Be at Work?" by Lisa Armstrong.

Profession in the healthcare system : Identify the level of the profession: primary care, specialty, subspecialty, combined specialty, assistant, paraprofessional, etc.

Why is a high rate of inflation bad for the economy : Why is a high rate of inflation bad for the economy - our economy is going through what phase of the business cycle? How do you know this?

Analysis of the democratic concept or principle : An analysis of the democratic concept or principle represented in the Declaration of Independence and/or the Constitution you selected for this Discussion and an explanation of why you selected it. Explain how the concept or principle might be use..

Problems or dangers in using project networks : Identify and discuss some of the problems or dangers in using project networks. Explain under what circumstances they can be beneficial and when they can be dangerous.

Describe the data obtained through the observations : Describe the data obtained through the observations. Charts, diagrams, or other visual depictions of your data may be included.

What is the law of diminishing returns : Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate and How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)?

User Account

All Pages