Research and review trends in inflation (CPI), interest rates (short and long term), GDP and employment over the last year. Then read the latest speech by the Federal Reserve and answer the following short essay questions. While this is not a paper, you must still properly cite your answer and write in full sentences.

1. Describe and explain the cause of any inflation (or lack of) over the last year.
2. Describe and explain the trends in unemployment over the last year.
3. Report on the current interest rates. Address the fed funds rate, the ten-year treasury rate and the 30 year treasury rate. Explain how and why they have changed over the last year.
4. Describe and explain the shape of the yield curve. What does the curve tell us about the anticipated future of the economy?
5. What is the Federal Reserve's current view of the general state of the economy? Of employment? Of inflation?
6. What is the current primary concern of the Chairman of the Federal Reserve? How is he addressing that concern?
7. How would you advise the Fed to set interest rates next month? Explain your answer.

Suppose a central bank that has an inflation targeting mandate.

(a) Explain why such a mandate might lead to monetary policy becoming a stabilizing policy regarding real GDP. [Hint: Use an AD-AS diagram.] [5]

(b) Given the long and variable lags involved in the full effects of monetary policy being felt throughout the economy, is there any danger that the inflation mandate might turn out to be destabilizing (leading to wider swings in GDP)? Explain. [5]

How does globalization and automation affect the middle-class, especially in South Korea?

What is a network externality? How does a network externality serve as a barrier to entry? Is this barrier surmountable? Provide one example. Make sure you carefully explain your answer. – Maximum number of words 120

1. John will open an Italian restaurant in IFC Mall in Central in December 2020. IFC Mall is a popular mall with a lot of different kinds of restaurants. John’s Italian restaurant will be located on 3^rd level of the mall and next a Japanese restaurant on the left and a Vietnamese restaurant on the right.   John’s Italian restaurant is a fine dining restaurant, which targets the office workers and shoppers.

1. Identify what kind of marketing tool that John needs to use in order to analyze the competition on the 3^rd level of IFC Mall. Then, suggest any THREE elements that can be used for comparison.    

b. John would like to use behavior segmentation to segment the market. Explain any THREE types of behavior segmentation that are suitable for office workers and shoppers.   

The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs.

a. Calculate the amount contributed by Ford to the U.S. GDP (real and nominal) from the sales of the two models in 2016 and 2017.

b. Determine the growth rate of nominal GDP (if Ford were the entire economy).

c. Determine the growth rate of real GDP( if Ford were the entire economy).

d. Use the shortcut you learned to convert between real and nominal growth rates to determine the growth rate of prices.

e. Is the increase in nominal GDP due to a change quantity, a change in prices, or both?

In 250 words describe Karl Marx predicted the downfall of capitalism. How do world events during the past fifty years indicate flaws in his prediction? please type

List three specific things that would cause the demand for ride-share services (i.e., Uber or Lyft) to shift. Use three different categories (all 5 listed below) of demand-shifters in your answer.

• Changes in Income
  • Normal good – a good for which a positive relationship exists between changes in consumer income and changes in demand
  • Inferior good – a good for which an inverse relationship exists between changes in consumer income and changes in demand
• Prices of related goods
  • Substitutes – goods for which a positive relationship exists between changes in the price of one and changes in demand for the other
  • Complements – goods for which an inverse relationship exists between changes in the price of one and changes in demand for the other
• Changes in Consumer Tastes
  • Fads
  • Changes in quality
• Changes in Consumer Expectations
  • Changes in Price Expectations
  • Changes in Income Expectations
• The size of the market

True or False and why..The Federal reserve monitors and regulates the supply of money in the economy.

1. During the 20^th century, what role did changes in innovation, technology, and communication play:

• in the decline of agriculture’s relative size (in terms of # of jobs) while simultaneously allowing for agricultural production to significantly increase?
• in the decline of manufacturing’s relative size, (in terms of # of jobs) resulting in a fourfold increase in the amount of manufactured goods with only a 20% increase in manufacturing employment?
• growth in the services sector?
• growth in international trade?

Darren is considering adding three one‑year bonds to his portfolio. The face value on each bond is equal to $1,000.

If the current market interest rate is 44%, determine the present value (PV) of each bond. Enter your answers to two decimal places.

PV ABC : $

PV GHI: $

PV DEF: $

Utility function is U = 0.5 ln q₁ + 0.5 ln q₂

a) What is the compensated demand function for q₁?

b) What is the uncompensated demand function for q₁?

c) What is the difference between uncompensated demand functions and compensated demand functions?

The text defines the Malthusian trap as: “A point at which the world is no longer able to meet the food requirements of the population, and starvation becomes the primary check to population growth.” In other words, population will outpace food production.

Discuss whether you believe this trap has been avoided for the next 100 years. Consider government policies (like China’s one-child policy), the use of genetically engineered crops, social patterns of family size, and environmental factors.