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Week 4 assignment and discussion topic business cycle

Discussion topics must be at least 200 words minimum.

1.What are primary phases of the business cycle?

2.How does inflation affect the economy’s level of real output?

3. How is unemployment in the U.S. defined? How is it measured? Could we ever achieve a 0% unemployment rate? Why is structural unemployment more important today than it has been over the previous century?

4.How do changes in income affect consumption (and saving)?

5.What are factors other than income that can affect consumption?

6.How can changes in real GDP equilibrium occur in the aggregate expenditures model and how do these changes relate to the multiplier?

7.How do economists integrate the public sector (government expenditures and taxes) into the aggregate expenditures model?

8.What is aggregate demand (AD) and why is its downward slope the result of the real-balances effect, the interest-rate effect, and the foreign purchases effect?

9.What is aggregate supply (AS) and why does it differ in the immediate short-run, the short-run, and the long-run?

Below is my paper, I attached the grading guide as well

Inflation and Analyses of Monetary Policies

Purpose of Assignment

This assignment will introduce students to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others.

Assignment Steps

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although you are allowed to use other sources.

Develop a minimum 700-word analysis of inflation by including the following:

  • Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI’s “market basket.” Find the annual CPI index numbers for your chosen good or service for the years 1995, 2005, 2010, and 2015. Enter those index numbers in an Excel® file and calculate the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015.
  • Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation. How has inflation over the last five years affected you and/or your family?
  • Discuss how a business manager, such as a human resources manager, might use CPI statistics.

Cite a minimum of three scholarly, peer-reviewed references.

Format your paper consistent with APA guidelines.

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