To complete this assessment, you will create a report comprised of two parts. In Part 1, you will analyze how 2 major economic events influenced supply, demand, and economic equilibrium in the U.S. In Part 2, you will evaluate economists assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved.
You will be able to submit this assessment after you’ve completed the Competency 1 Reflection. Save and upload the assessment.
Download and save Competency 1 Assessment Rubric and use it as a guide when completing your assessment.
Imagine that you are a business consultant tasked with sharing the concepts below with a team of interns who will be supporting the research aspects tied to a new initiative requiring knowledge about how economic events impact economic activity and economic concentration. The use of charts and tables to illustrate data is highly encouraged to help the interns connect the dots.
Create a report incorporating the following:
Review the .
Write a 500- to 750-word analysis (Part 1 of your report) assessing how 2 of the following major economic events influenced supply, demand, and economic equilibrium in U.S. economic activity:
Rapid price increases, such as those caused by the 1973 oil embargo or the aftermath of a major hurricane
Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession
Crippling interest rates imposed by the Federal Reserve, such as those during the 19751985 time period
Collapse of the Soviet Union in 1991 and the end of the Cold War and the peace dividend
The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash
Cite at least 2 academically credible sources. The use of charts and tables to illustrate data is highly encouraged.
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