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September 22, 2020

It can be short, it does not have to be really long.1. Find

It can be short, it does not have to be really long.1. Find a news article on a country that experienced inflation and summarize the article, adding the link if possible. What did you find interesting? 2. Find a news article describing the value of a dollar against a foreign currency and explain it, adding the link if possible. Describe the factors that affect the exchange rate between the dollar and that currency.3. Is having a strong dollar against the Chinese Yuan a good thing for the US? Why or why not?4. Explain how a national focus on increasing productivity affects the economy by drawing and uploading an image of the AS-AD model.5. Take those 10 items in your basket and find the price of each item. Calculate the price of the basket. Explain what this new price means and identify reasons why it changed or did not change. ProductOld PriceCurrent PriceCoffee$20$20.25Milk$15$15.75Bread$10$10.50Egg$30$31.25Beef$35$37Pork$25$28Butter$10$10.50Beer$30$33.25Butter$15$15.75Tomatoes$5$7.75Total$195$210

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