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Problem
First, go to the internet and find a news article from 2017-2018 that discusses changes in demand and supply of particular goods or service. Provide a link to the article selected.
Next, summarize and explain key points of the article using specific economic vocabulary we learned this week. For example, incorporate into your initial posts terms such as demand, quantity demanded, determinants of demand, shifts in demand curve, and other economic terms, etc. Likewise with supply.
Also you should discuss changes in equilibrium quantity and equilibrium price, elastic and inelastic responses. The article you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.
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Suppose a country is in a fixed exchange rate regime. Now suppose that individuals expect that policy makers will devalue its currency. Describe the various actions that policy makers can choose in response to this expected devaluation.
Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month.
The overall population for Region A is 95 million people. The labor force contains 67 million people. 32 million people are employed, while 35 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.______..
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