In this box you will connect the earlier labor market box to monetary policy before, during, and after the financial crisis in 1000 words. In the earlier box you looked at the unemployment rate for the 2006-2016 period. Now you are going to add inflation and the Fed Funds Rate (the benchmark interest rate of the US).- Go to BLS.gov and look for 1) the Unemployment Rate, and 2) the Consumer Price Index (inflation).- Get the Effective Federal Funds Rate from the St. Louis Federal Reserve Bank FRED database.The relation between interest rates, unemployment, and inflation is clearly stated in the Federal Reserve document accompanying these instructions.The purpose of the box is to analyze these variables within a common framework with emphasis on the Fed’s mandate during the Great Recession with the Taylor Rule in mind [25 points]. Make sure you plot the variables separately [25 points each]. The charts should have a title and have the axis labeled (with time in x-axis, and label the variable and its units in the y-axis).SHORTCUT:The Federal Reserve Bank of St. Louis compiles and stores economic data from many sources, including the Bureau of Labor Statistics. One-stop shopping for the data in this box can be found here:https://fred.stlouisfed.org/ (Links to an external site.)The series are:- Unemployment Rate (UNRATE)- Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL) ---it is in levels, so you have to request it as “compounded annual rate of change” to have the monthly change in prices.- Effective Federal Funds Rate (DFF) ---it is in daily frequency, so you have to request it as monthly to match the other variables.You can use the ready-made charts from FRED, though I encourage you to develop further your graphing and communication skills in Excel.

Economies of Scope and Scale What are they?  What is the key difference between an economy of scale and an economy of scope?  https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/1_e6f88crm/embed/dynamic One  source of growth is external growth from a merger and/or acquisition.   Often merger/acquisition are justified on the basis of the expected  benefits from 'synergies' created by the merger/acquisition. Economists  know these as economies of scale and economies of scope. Select  one of the below mergers and acquisitions and determine if the  synergies come from economies of scope or economies of scale.  Make sure  you provide a clear explanation of the difference between economies of  scope and economies of scale.  The link above is to some help provided  by Dr Cruceru. a) Sirius XM acquires Pandora; b) the yet to be concluded merger of Sprint, T-Mobile and Metro PCS; c) the merger of Strayer University and Capella; or   d) the Renault/Nissan/Mitsubishi Alliance.

Elasticity Discussion2727 unread replies.2727 replies.Two parts:Part 1: Tell us about a good or service for which you have VERY Inelastic demand (you would buy almost the same amount even if the price doubled). Be honest, but creative.Part 2: Tell us about a good or service for which you have Elastic demand (you would buy a lot less of it if the price increased even a little). https://openstax.org/books/principles-economics-2e...