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Assignment 2: LASA 1: Inflation and Government Economic Policies

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Assignment 2: LASA 1: Inflation and Government Economic Policies;Inflation is a measure of how prices have changed over time. If prices are changing due to inflation, each dollar spent will buy less.;In order to answer the questions below, go to the following website: http://www.bls.gov/cpi/;Questions;What is inflation? What are the causes of inflation? Is inflation desirable and what can be done to control inflation in a market economy?;What is the Consumer Price Index (CPI)? How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.;What is the Producer Price Index (PPI)? How has the PPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the PPI for this period and cite your source.;What is the Consumer Expenditure Survey (CE)? How has the Survey behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CE for this period and cite your source.;What do the measures above tell us about consumer behavior? Have incomes changed enough to offset the inflation since 2000? What can we predict about future inflation?;What are the implications of these measures for government economic policies?;By September 23, 2014, create a Microsoft Word file to collate your answers and submit it to the M3: Assignment 2 Dropbox.;Assignment 2 Grading Criteria Maximum Points;Explained inflation. Identified the causes of inflation. Explained whether or not inflation is desirable and offered a rationale. Identified ways to control inflation in a market economy. 40;Explained the Consumer Price Index (CPI). (8 points);Outlined the CPI behavior since the year 2000. (8 points);Identified the causes of the changes in the CPI over this time. (8 points);Provided a graph of the CPI for this period and cited the source. (8 points) 32;Explained the Producer Price Index (PPI). (8 points.);Outlined the PPI behavior since the year 2000. (8 points);Identified the causes of the changes in the PPI over this time. (8 points);Provided a graph of the PPI for this period and cited the source. (8 points) 32;Explained the Consumer Expenditure Survey (CE). (7 points);Outlined the CE behavior since the year 2000. (7 points);Identified the causes of the changes in the CE over this time. (7 points);Provided a graph of the CE for this period and cited the source. (7 points) 28;Explained what the CPI, PPI, and CE measures can tell us about consumer behavior. 8;Identified changes in income since 2000. 4;Explained whether or not the changes in income offset the inflation for this period. 8;Identified viable predictions about future inflation. 8;Researched impact of CPI, PPI, and CE measures on the economy. Discussed the implications of these measures for government economic policies. 20;Style (4 points): Tone, audience, and word choice.;Usage and Mechanics (4 points): Grammar, spelling, and sentence structure.;APA Elements (12 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style. 20;Total: 200

 

Paper#78003 | Written in 18-Jul-2015

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