How major economic events influenced supply and demand

Reference no: EM133537382 , Length: Words Count:750

Assignment:

Competency 1 - Assessment

To complete this assessment, you will create a report comprised of two parts. In Part 1, you will analyze how 2 major economic events influenced supply, demand, and economic equilibrium in the U.S.

Imagine that you are a business consultant tasked with sharing the concepts below with a team of interns who will be supporting the research aspects tied to a new initiative requiring knowledge about economic influence and economic concentration. The use of charts and tables to illustrate data is highly encouraged to help the interns connect the dots. Create a report incorporating the following:

Part 1: Economic Events & Activity Analysis Review the Competency 1 Resources:

Economic Fundamentals. Write a 500 to 750 word analysis (Part 1 of your report) assessing how 2 of the following major economic events influenced supply, demand, and economic equilibrium in U.S. economic activity:

• Rapid price increases, such as those caused by the 1973 oil embargo or the aftermath of a major hurricane

• Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession

• Crippling interest rates imposed by the Federal Reserve, such as those during the 1975-1985 time period

• Collapse of the Soviet Union in 1991 and the end of the Cold War and the "peace dividend"

• The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash

Reference:

Brue, S. L., Flynn, S. M., & McConnell, C. R. (2021). Economics, Principles, Problems, Politics 22e. McGraw Hill Education.

Iacoviello, M., & Navarro, G. (2019). Foreign effects of higher U.S. interest rates. Journal of International Money and Finance, 95, 232-250.

Reference no: EM133537382

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