ECO 535 University of Phoenix Wage Price Controls Discussion

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Lnvzz

Business Finance

eco 535

University of Phoenix

ECO

Description

Write a 350- to 700-word analysis assessing how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity:

  • Rapid price increases, such as 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 by the Federal Reserve, such as those of the 1975 – 1985 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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Explanation & Answer

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Outline
Rapid Price Increases
I.

The 1973-1975 recession was widely attributed to the oil embargo.

II.

The government of the United States of America policies assisted the recession and
stagflation

Effects of Rapid Price Increase on the Economy
I.

Generally, when there is a shortage of essential production factors, such as labor, the
supply of the commodities is likely to go down.

II.

When the number of workers is cut by half, the corresponding production quantity is
equal


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Rapid Price Increases

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Rapid Price Increases
The 1973-1975 recession was widely attributed to the oil embargo. The government of
the United States of ...


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