What’s In One of the purposes of research is to address the pressing issues in the society. As a student who is a keen observer and is aware of the local, national or international affairs, list down three crucial concerns and propose a solution for each. Write your answers on your notebook. (5 points each) For example: Problem 1 (Local): Diesel price hike Proposed Solution: Used Cooking Oil as a Substitute for Diesel Problem 2: National Issue 3. International Issue 1: Local Issue Proposed Solution
Tag: Paper Writing
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Hello, my name is Roy Deskins my persuasive writing is in the poetry I write. I have…
Hello, my name is Roy Deskins my persuasive writing is in the poetry I write. I have several poetry awards from poetry.com and an E-book published on lulu.com. I am pursuing a BA degree in Health and Wellness here at Purdue Global Online and have an Associates degree as a Medical Office Billing Specialist from Ultimate Medical Academy in 2018. I’m 58 soon to be 59 and live with my roommate Olla and my two Pit Bulls Snoop and Layla in Winston-Salem, NC that are my companions and give me plenty of exercise during the day.
One time I went to see a political campaign speech during the election from President Bill Clinton and the President was a persuasive and effective communicator in telling about his wife Hillary Clinton that was running for President. He explained what Hillary did when she was the first lady and a Senator and President Clintons message was aimed to the voters in the triad and MT. AIRY Surry County North Carolina. President Clinton was great at giving a speech and was entertaining and had a lot of spunk and charisma and a well written speech that totally changed my perspective of the President and the Monica situation. My belief is that someone just caught the President and Ms. Monica and it grew bigger from that. The thing is everyone has made a mistake in their life at some point. My question are you going to let one mistake or several mistake cause a blemish or effect the good things that you have accomplished in life and keep moving forward and staying positive?
i need to reply this discussion -
Directions: Read the article “Nephi Garcia makes dreams come true crafting…
Directions: Read the article “Nephi Garcia makes dreams come true crafting magical Disney-inspired costumes” from (httgszf?muw.goodnewspiliginascomfnephi-garcia- makes-dreams-come-true-craftin -ma icaI-disne -ins ired-costumes .On the space provided for, answer the questions below. Answer the no. 6 only Before reading: 1. What do I know about Nephi Garcia? 2. Do I know anything about Disney-inspired costumes? 3. What have I read, heard, or experienced that is related to the topic? 4. Who is the author of the article? 5. When was it written and published? While reading the article: 6. What is the main idea of the article? 7. What difficulties did Nephi encounter in pursuing his dreams? 8. How did he overcome the difficulties he faced in reaching for his dreams? After reading: 9. What lessons can you learn from the article? 10.What are your realizations after reading the article?
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1) You now need to refer only to Source A from lines 20 to 28. How does the writer…
1) You now need to refer only to Source A from lines 20 to 28. How does the writer use language to describe eating Fantail sweets?
2) For this question, you need to refer to the whole of Source A, together with the whole of Source B. Compare how the writers convey their different attitudes to sweets. In your answer, you could:
• compare their different attitudes to sweets
• compare the methods the writers use to convey their attitudes
• support your response with references to both texts
Source A This extract is from Clive James’ autobiography, published in 1980. Here, he writes about going to the cinema as a child in Australia in the 1940s. Every Saturday afternoon at the pictures there was a feature film, sixteen cartoons and an episode each from four different serials. The programme just went on and on and on. The Margaret Street children would join up with the Irene Street children and the combined mass would add themselves to the Sunbeam Avenue children and they would join the 5 swarm of children from all the other areas, all moving north along Rocky Point Road towards Rockdale, where the Odeon stood. In summer, the concrete footpaths were hot. The tarmac footpaths were even hotter: bubbles of tar formed, to be squashed flat by our leathery bare feet. Running around on gravelled playgrounds throughout the spring, by summer we had feet that could tread on a 10 drawing pin and hardly feel it. When you got to the cinema the first thing you did was stock up with lollies. Lollies was the Australian word for what the English call sweets and the Americans call candy. Some of the more privileged children had upwards of five shillings each to dispose of, but in fact two shillings was enough to buy you as much as you could eat. Everyone, without exception, 15 bought at least one Hoadley’s Violet Crumble Bar. It was a slab of dense, dry honeycomb coated with chocolate. So frangible was the honeycomb that it would shatter when bitten, scattering bright yellow shrapnel. It was like trying to eat a china vase. The honeycomb would go soft only after a day’s exposure to direct sunlight. The chocolate surrounding it, however, would liquefy after only ten minutes in a dark cinema. 20 Fantails came in a weird, blue packet shaped like an isosceles triangle with one corner missing. Each individual Fantail was wrapped in a piece of paper detailing a film star’s biography – hence the pun, fan tales. The Fantail itself was a chocolate-coated toffee so glutinous that it could induce lockjaw in a donkey. People had to have their mouths chipped open with a cold chisel. One packet of Fantails would last an average human 25 being forever. A group of six small boys could go through a packet during the course of a single afternoon at the pictures, but it took hard work and involved a lot of strangled crying in the dark. Any fillings you had in your second teeth would be removed instantly, while 28 children who still had any first teeth left didn’t keep them long. The star lolly, outstripping even the Violet Crumble Bar and the Fantail in popularity, was 30 undoubtedly the Jaffa. A packet of Jaffas was loaded like a cluster bomb with about fifty globular lollies the size of ordinary marbles. The Jaffa had a dark chocolate core and a brittle orange candy coat: in cross-section it looked rather like the planet Earth. It presented two alternative ways of being eaten, each with its allure. You could fondle the Jaffa on the tongue until your saliva ate its way through the casing, whereupon the taste of 35 chocolate would invade your mouth with a sublime, majestic inevitability. Or you could bite straight through and submit the interior of your head to a stunning explosion of flavour. Sucking and biting your way through forty or so Jaffas while Jungle Jim wrestled with the crocodiles on screen, you nearly always had a few left over after the stomach could take no more. The spare Jaffas made ideal ammunition. Flying through the dark, they would 40 bounce off a child’s skull with the noise of bullets hitting a bell. Everyone either ate steadily or raced up and down the aisles or to and from the toilet or all three. The uproar was continuous, like Niagara Falls. Meanwhile the film was unreeling in front of us.
Source B This extract is from a magazine article published in 1368. The writer explains how sweets were made and decorated in Victorian England. ‘l The last thing a child asks is how the sweet it snaps up with such eagerness is made. Yet the manufacture of these delicacies — or should I say necessities? — of the nursery is a thing worth witnessing. A marvellous change has come across public opinion respecting sugar and sweets of all kinds. They used to be denounced by tender mothers as I’trash and messes” and, 5 possibly because they were so denounced, they tasted all the sweeter to the little ones. Now we would not wish to make taboo that which delights young taste buds the most. In moderation, there is nothing more wholesome than sugar. It is nourishing and warming because of the large amount of carbon contained in iL In the past, sweets were not a speciality in England; there were no large factories for their 1D production. All the higher-class sweets came from France and Italy but the introduction of steam into the process has made England the world leader in manufacturing sweets. Now sweets are made on the largest scale and are much cheaper. The basic style of old is also gone. The eye must now be satis?ed as well as the tongue, even in the cheapest items. Think of a halfpennyworth of sweets done up in a nrby-coloured gelatine packet. 15 It is true that some of the more showy sweets made in the past were colourful, but it was metallic colour containing the most vimlent poison. The famous scientist Doctor Hassall’s analysis of this painted confectionery, published some years ago, exposed the villainous manner in which this vividly coloured confection was made attractive to children by poisonous paint. The brighter the hue, the more deadly the sweet. The brilliant green, for instance, with 2D which the confectionery was adomed, contained copper toxins. It is easyto understand the bad name sweets acquired when thus made up. No doubt many young children were absolutely killed by excessive eating of these artistically poisoned candies. Doctor Hassall has heroically delivered us from this source of danger to our precious children. Nothing but harmless vegetable colours are now used, which, if not so brilliant as metallic ones, 25 are quite safe. Today, it is wrong to use metallic colour in confectionery. However, it isjust possible that some of the old sweets may still be for sale, so I bid parents beware of any sweets with vivid greens and reds, for they are sure to be poisonous. Young girls are largely employed in the sweet-making trade. They are quick and stick well to their work; but they have a sweet tooth and empty stomachs and so help themselves to the 3D sweets pretty freely. As it is impossible to stop petty pilfering, the workers are given liberty to eat as much as they like, although the employers reduce the already pitiful pay to account for this. In the factory which I visited, the girls certainly did not look any the worse for their unlimited consumption of lollipops and their rosy faces gave a clear answer tothe old charge against the harmful nature of sweets. 35 The sweets are made with the utmost speed by these little workwomen, sitting silently, hunched over their benches. In one part of the dimly lit factory, I came upon the little artists squinting as they coloured the small sugar articles under the strict scnltiny of their supervisor. It was all vegetable colour, of course, and quite harmless. There is no great artistic talent required in the colouring tasks that the girls undertake, and it is far too cheaply paid to be very 4D carefully done. But, however poor they may be as works of art, the sweets are most wholesome. This, as we have said before, was far from being the case a few years ago, before Doctor Hassall turned detective of?cer for the good of our little ones. -
II. READ AND SUMMARIZE. Read and summarize the poem THEY SAY FILIPINA IS ANOTHER NAME…
II. READ AND SUMMARIZE. Read and summarize the poem
THEY SAY FILIPINA IS ANOTHER NAME FOR MAID
by Luisa A. Igloria
Our Overseas Contract Workers are the new heroes
of the Philippines – Fidel V. Ramos
In Hong Kong last summer
my office mate and I took
turns, smiling for pictures
in front of “The Court of Final
Appeal,” as a joke, or maybe
in a kind of atonement-because
two women boarding the same
ferry we took that morning said,
in the dialect they were sure
we would recognize, Is it
your day off too?
One of them had a quick, nervous way
of smiling, as if ready to take it back
if we had turned on them with
indignation. The other was clearly
ready to challenge, if the well-intentioned expression of solidarity
were read otherwise. It was a day
filled with rainclouds, a sky
the color of aluminum, the dull
sheen on the inside of an old
rice cooker.
Yes, we smiled, it’s our day, off
too. Is your amo kind? ventured the younger
of the two, shyly. Yes, we said, thinking of the airconditioned offices and computers we
had left behind for two weeks of r & r, as we leant back on the green
railing. The boat punched forward, toward the red
and yellow buildings, the rickshaws lined up
Mine too, she said; now. But the first one…
and her voice trailed like a scarf over the water,
hesitating. We had to force our way in,
said her friend, picking up the thread. I called
the center, you know, the one near the church?
Migrante. She was this close to being raped.
Did you hear about the last one? The one
who threw herself off the hospital roof?
Instead of an autopsy they scraped
her insides clean, stuffed her
with cotton. Now no one can
prove anything.
If the body can keep secrets, what can it tell
of them? The body as a scroll: what calligraphy,
what message, did that woman’s family unwrap
when they received her body aerogramme
in a bronze casket? For so many dollars,
you can get your name carved
in ideographs on an inked stamp
that is also called a chop.
The shy one asks me to braid her hair.
She calls me ate, older sister. She shows me
the scar on her left leg from shimmying
down a mango tree in their old backyard
at home. She has just turned nineteen,
and her smile can still be
warm as a ripe mango.
I run my fingers through the ink of her hair,
dividing into three sections. What was loose
and rippling in the wind, she has let me gather
in my hand. I braid, picking up the faint scent
of coconut oil; yeasty, warm, like good bread,
rising. She could be my daughter, my niece,
my cousin, my best friend.
Our new friends take us to the Central Station
where they will share a picnic meal
with others: garlic pork and rice, sour
broth, rice cakes, meat stewed in blood
gravy. They will talk, exchange
numbers, letters, news of better
openings, the meanings of insults
in a foreign language; pictures of grade
school children proudly stepping up
to receive medals on closing
day at school. Their hands
the size of their sleeping
quarters.
Even on their day off, the army
ponders the different ways
to share strength in the many
lands of the enemy, abroad
where they are known
by only one
name.
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Creating S.M.A.R.T. Goals Specific Measurable Attainable Realistic Timely Specific: A…
Creating S.M.A.R.T. Goals
Specific Measurable Attainable Realistic Timely
Specific: A specific goal has a much greater chance of being accomplished than a general goal. To set a specific goal you must answer the six “W” questions:
Who: Who is involved?
What: What do I want to accomplish?
Where: Identify a location.
When: Establish a time frame.
Which: Identify requirements and constraints.
Why: Specific reasons, purpose or benefits of accomplishing the goal.
EXAMPLE: A general goal would be, “Get in shape.” But a specific goal would say, “Join a health club and workout 3 days a week.”
Measurable: – Establish concrete criteria for measuring progress toward the attainment of each goal you set.
When you measure your progress, you stay on track, reach your target dates, and experience the exhilaration of achievement that spurs you on to continued effort required to reach your goal.
To determine if your goal is measurable, ask questions such as…How much? How many? How will I know when it is accomplished?
Attainable: – When you identify goals that are most important to you, you begin to figure out ways you can make them come true. You develop the attitudes, abilities, skills, and financial capacity to reach them. You begin seeing previously overlooked opportunities to bring yourself closer to the achievement of your goals.
You can attain most any goal you set when you plan your steps wisely and establish a time frame that allows you to carry out those steps. Goals that may have seemed far away and out of reach eventually move closer and become attainable, not because your goals shrink, but because you grow and expand to match them.
Realistic: – To be realistic, a goal must represent an objective toward which you are both
willing
and
able
to work. A goal can be both high and realistic; you are the only one who can decide just how high your goal should be. But be sure that every goal represents substantial progress.
Timely: – A goal should be grounded within a time frame. With no time frame tied to it there’s no sense of urgency. If you want to lose 10 lbs, when do you want to lose it by? “Someday” won’t work. But if you anchor it within a timeframe, “by May 1st”, then you’ve set your unconscious mind into motion to begin working on the goal. Your goal is probably realistic if you truly
believe
that it can be accomplished. Additional ways to know if your goal is realistic is to determine if you have accomplished anything similar in the past or ask yourself what conditions would have to exist to accomplish this goal.
Now is the time to set your Academic, Personal & Professional goals!
SMART Goal (Academic)
Goal:
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SMART Goal (Personal)
Goal:
S_________________________________________________________________M_________________________________________________________________A_________________________________________________________________R_________________________________________________________________T_________________________________________________________________
SMART Goal (Professional)
Goal:
S_________________________________________________________________M_________________________________________________________________A_________________________________________________________________R_________________________________________________________________T_________________________________________________________________ -
Please analyze the artwork below using formal analysis. The definition of formal…
Please analyze the artwork below using formal analysis. The definition of formal analysis is, a visual study that includes careful description of the artwork and its use of elements and principles. When using formal analysis be sure to identify many formal elements such as line, color, shape texture, value perspective, pattern symmetry, rhythm, emphasis, focal point, contrast, unity. You don’t have to use every single element, but be specific and elaborate. For example, don’t just point out that the artwork has pattern, explain the pattern and where it is in the artwork and how does the artist use pattern to convey communication or feeling? Does it help your understanding of the work of art or does it distract from it? Go into depth.
The art work below is: Edward Hopper,
Nighthawks,
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According to the article “Night and Fog: The Never-Ending Cries” by Colin MacCabe,…
According to the article “Night and Fog: The Never-Ending Cries” by Colin MacCabe, the film has a glaring “blind spot,” or a topic or fact that it does not mention or discuss that is important for understanding the holocaust. What is this blind spot that MacCabe identifies? How does acknowledging this blind spot shape or alter your reaction to the film, if at all?
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First, write a brief summary (no more than five sentences long) of “The Need to…
First, write a brief summary (no more than five sentences long) of “The Need to Presume Good Faith in Campus Conversations and Debates” by Emily Chamlee-Wright, pages 141-144 in
The Seagull Book of Essays
. The summary should explain just the most important points in the reading.
Then, in a second paragraph, write your personal response to “The Need to Presume Good Faith . . ..” This personal response should focus on your own views and opinions on the subject matter covered in the assigned reading.
Your summary should be no more than five sentences long. Your response may be significantly longer, but try to keep the entire document no longer than two pages (typed, double-spaced). -
In economics, inflation measures the rate at which the costs of goods and services…
In economics,
inflation
measures the rate at which the costs of goods and services rise over a specific period of time. Since such cost increases result in consumers losing purchasing power, inflation can also be understood as the rate at which a currency’s value diminishes.
Depending on its intensity, inflation has the power to produce both positive and negative economic effects. The benefits include maintenance of a stable economy, while drawbacks include prolonged recession and deflation. A steady, slow increase in inflation is most beneficial to society, as it can help prevent recession and stimulate the economy.
Inflation is measured by the inflation rate, which is usually calculated by various price indexes. The inflation rate accounts for increases and decreases in the prices of goods and services. High inflation affects economies at a fundamental level, causing disruptions in everything from consumer spending patterns to interest rates, investment returns, taxation, and business conditions.
High inflation rates emerged as a major issue in 2021 and 2022 in the United States and many other advanced economies as the coronavirus disease (COVID-19) pandemic and other factors affected global economic conditions.
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MAIN IDEAS
?
Inflation
is an economics term used to describe the rate of change affecting consumers’ purchasing power. It can be defined as the rate at which consumer prices are rising, or the rate at which a currency’s value is falling.
? The main measure of inflation is known as the consumer price index (CPI), which tracks changes in the cost of a “basket” of essential goods and services.
? Economists identify many different types of inflation, which are defined by the percentage-based rate at which prices are changing or by the underlying supply-and-demand factors driving price volatility.
? High inflation rates profoundly affect both businesses and consumers. Businesses face increased labor and production costs, which they must somehow recover to maintain profitability. Consumers generally see their purchasing power erode, as wage growth usually lags behind price increases during inflationary surges.
? The United States and many other developed countries experienced very high inflation rates in 2021-2022 as a consequence of factors related to the COVID-19 pandemic. In the United States, inflation rates reached levels not seen since the early 1980s.
? President Joe Biden came under heavy political pressure as a consequence of the 2021-2022 inflationary surge, with his presidential administration shouldering much of the blame for fast-rising prices.
TYPES OF INFLATION
Economists use multiple models to describe the various types of inflation. One such paradigm analyzes the annualized rate at which prices are rising as measured by the
consumer price index (CPI)
, which tracks the changing cost of a
basket of goods
, which refers to a select sample of products and services, such as housing, food, clothing, and transportation. Analysts usually perform year-over-year CPI comparisons to quantify annualized inflation rates. Economists generally consider year-over-year CPI increases of 2 percent or less beneficial to the economy.
Year-over-year CPI increases of 3 percent or less are known as
creeping inflation
. Creeping inflation is considered normal and healthy, as it drives spending among consumers seeking to acquire essentials before their costs rise. Year-over-year CPI increases of 3 to 10 percent are known as
walking inflation
, which begins to negatively affect the economy, as it typically prompts consumers to purchase necessities in large quantities to avoid cost increases. This can leave producers and suppliers unable to meet demand. This imbalance between supply and demand may then result in further inflation, creating an unhealthy cycle that can potentially lead to
galloping inflation
of 10 percent or more. In rare cases, extreme levels of rapid inflation can send consumer costs soaring out of control, creating
hyperinflation.
Economists describe hyperinflation in differing ways, but one common definition expresses it as month-over-month price increases of 50 percent or more.
Consumer prices can also fall rather than rise, creating an uncommon situation known as
deflation
(or
negative inflation
). Mildly negative inflation rates can be economically beneficial to the majority of consumers, but runaway deflation generally results in destructive effects including recessions, depressions, and other financial crisis situations that severely impede economic output.
Other models consider inflation rates within broader contexts that include additional measures of economic health or other specific and precisely defined factors. Examples include
stagflation
,
agflation
,
cost-push inflation
,
demand-pull inflation
, and
built-in inflation
.
Stagflation
describes a combination of high inflation and stagnant economic growth that leaves wages unable to keep pace with rising consumer costs and often results in high unemployment rates.
Agflation
occurs when increasing food costs outpace the rate at which the prices of other goods and services are rising. In agflationary periods, households must assign a greater proportion of their income to food costs, which can have volatile trickle-down effects that affect other sectors of the economy.
The related concepts of
cost-push
and
demand-pull inflation
come from a theoretical framework known as the Keynesian school (or Keynesian economics), named for influential British economist John Maynard Keynes (1883-1946).
Cost-push inflation
occurs when economic factors cause increases in the cost of producing goods; examples include rising labor costs, upturns in the value of raw materials and supplies, land appreciation, and changes affecting access to enterprise capital. When production costs rise, manufacturers must increase the price of their goods to maintain stable margins and retain profitability, which has the effect of “pushing” the consumer-end cost of affected goods upward.
Demand-pull inflation
is similar but is instead driven by consumer-side factors. When demand for certain goods and services outpaces supply, the costs of those goods and services tend to rise as consumers compete with each other for limited available quantities, “pulling” their prices up.
Built-in inflation
occurs as labor force participants seek and secure increases in their wages and salaries in order to protect their purchasing power as consumer prices rise. This can have a cost-push effect, as higher labor costs drive further price increases, accelerating prevailing inflation rates. Demand-pull factors can also play a role in built-in inflation as workers pursue higher wages and salaries in order to purchase goods and services whose prices are rising. In either case, the net effect is an inflationary cycle that results in increased living costs.
CAUSES AND CONSEQUENCES
Most cases of inflation are rooted in the economic principle of supply and demand. When supply outpaces demand, prices tend to drop; when demand outpaces supply, prices tend to rise. Economists generally cite the Keynesian demand-pull scenario as the most common cause of inflation, followed by cost-push factors.
Changes in the money supply across an economy can also contribute to inflation. These factors played a major role in the 2021-2022 inflationary cycle that occurred in the United States and other countries around the world. During the COVID-19 pandemic, consumers accumulated cash savings in unusually large quantities as business closures left them with far fewer places than normal to spend money. Meanwhile, governments and central banks took on peak levels of debt by creating and distributing money to workers who were temporarily unable to earn any income during the COVID-19 economic shutdowns. This in effect dramatically increased the money supply across the entire economy, devaluing its purchasing power and causing major price increases.
Geopolitical events and other noneconomic factors can also have inflationary results. For instance, a severe drought in a major wheat-producing region might have significant consequences for the global wheat output, reducing its supply and therefore increasing the cost of wheat-based staples such as bread. Similarly, political unrest or war in a key oil-producing region usually results in significant oil price increases. Given oil’s importance in the global energy matrix, this can affect the costs of many goods and services and result in price inflation.
Inflation reduces consumers’ purchasing power, forcing them to earn more money to maintain their living standards. As such, wages usually rise in response to inflation, though generally at a slower pace. Inflation also drives spending as consumers try to shield themselves from future price increases by purchasing essential items at current prices. People with savings often turn to investing during inflationary periods, as earning financial returns on their money enables them to keep pace with rising prices more readily. Inflation can also raise or reduce the cost of borrowing money, as central banks frequently adjust their interest rates as a means of controlling volatile or high inflation rates. Unemployment rates can also rise as a consequence of inflation as businesses cut jobs as a means of controlling their increasing labor costs.
Rising prices also have wider effects in areas including public health and politics. With the US health care system primarily following a privatized model, consumers are left to shoulder the rising costs of medical services and treatments. Those who cannot afford to do so effectively face an increased risk of negative health outcomes. High inflation also tends to bring political change, as voters typically hold incumbent governments responsible for rising consumer prices—rightly or wrongly—and therefore become less likely to continue supporting them. Hyperinflation often results in severe political instability, which can lead to violence and war.
RESPONDING TO INFLATION
Governments, businesses, and consumers all respond to inflation in their own ways. Central banking institutions such as the US Federal Reserve may adjust monetary policy in a bid to control inflation. For example, central banks around the world responded to the 2021-2022 inflationary cycle by raising interest rates. High interest rates tend to discourage borrowing, reducing the money supply in the economy and thus keeping inflation in check. Central banks may also sell off assets such as debt securities to tighten money supplies and stabilize inflation rates.
Inflation can wreak havoc on businesses, increasing their labor, materials, and production costs while disrupting their financial projections.
Shrinkflation
is one way in which companies respond to these pressures. The phenomenon occurs when manufacturers reduce product sizes and quantities while maintaining existing price points, essentially giving buyers less for the same amount of money. Businesses may also rebrand their products to position them more effectively in response to changing market conditions, seek to create novel ways of adding value to products or services as their prices rise, or introduce new pricing models to protect shareholder interests.
Relatively mild inflation rates tend to have softer influence on consumer behavior, prompting them to stock up on essential goods to protect against future price hikes or seek returns on their savings through investments. In more severe cases, consumers may turn to rationing or hoarding essentials, which can further imbalance supply and demand. Crime rates may also rise as people no longer able to afford necessities turn to illegal methods of acquiring products or the money needed to buy them. When runaway inflation has profound effects on the affordability of essentials such as food, widespread social unrest becomes likely.
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CRITICAL THINKING QUESTIONS
? Why do you think wages and salaries tend not to rise as quickly as consumer prices during periods of high inflation? Explain your reasoning.
? In what ways might inflationary economic pressures change if the global economy was less dependent on oil?
? In your opinion, what government interventions, if any, are most effective at preventing and reducing inflation? Explain your answer.
CONCERNS AND CHALLENGES
Economists attributed the 2021-2022 inflationary surge in the United States to a complex set of interrelated factors. Beyond increases to the money supply resulting from emergency spending and consumer saving habits linked to COVID-19, the US economy was also affected by prolonged supply chain interruptions and challenges. The supply chain issues were compounded by a spike in consumer demand that occurred as the economy reopened, while Russia’s 2022 invasion of Ukraine sent oil prices soaring. Spiking energy prices had additional inflationary effects across the entire economy as production and distribution costs rose at fast paces. The US inflation rate hit forty-year highs for multiple consecutive months in 2021-2022, to the great concern of both economists and consumers.
Though President Joe Biden (1942-) described neutralizing inflation as a “top priority,” some observers noted that his administration had done relatively little to directly address the issue by early 2022. Some analysts viewed the level of inaction as positive, asserting that the most immediate and obvious courses of action—reducing government spending and increasing taxes—could result in further economic damage. Others heavily criticized Biden, contending that fast-rising prices have the most profound effects on the people least able to afford essential goods and likening the inflationary situation to a tax on the middle and working classes, given that it results in the rapid and significant erosion of their purchasing power. Observers widely agreed that inflation posed a major political problem for Biden and the Democratic party.
Which viewpoint do you most agree with and why? Write the viewpoint here.
Name of an article you found on this topic:
Share at least two (2) facts you learned about this topic:
What was an opinion you had on this topic before researching it?