In this box you will connect the earlier labor market box to monetary policy before, during, and after the financial crisis.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 databaseThe relation between interest rates, unemployment, and inflation is clearly stated in the Federal Reserve document accompanying these instructions.In the box you have to document and explain these three indicators during the Great Recession; make sure you plot the variables separately.(1300-1500 words)Required TextsDavis, Morris, Macroeconomics for MBAs and Masters of Finance, Cambridge University PressISBN-13: 978-0521762472ISBN-10: 052176247Chapter 6 in the Davis textbook.Grading metrics attached.

Only two questions:1. calculate Netflix's Price Elasticity of demand using the period from the end of Q1, 2016 to the end of Q3, 2016. (Hint: You have to estimate, creatively, the percentage change in price (listed or actually paid) and the percentage change in quantity (subscriptions)).2. discuss how confident you are about your calculation and how it could be improved.

Please, read the whole assignment before beginning.You will choose one world issue today and you will invent or innovate a solution to that problem. Think about what you learned of entrepreneurs earlier in this course of how they bring products and services to the market to solve problems; and now you will apply your knowledge of entrepreneurship to solve a worldly issue.  There needs to be some planning into your product or service and who it would directly benefit. Here are some steps in inventing  your product or service: Brainstorm: Focus on one worldly problem and generate ideas that you think will help solving them. Remember, your idea should be useful to real world issues and/or the people that it affects. Make a list of the top ideas and ways that it could improve the situation. How can your invention benefit or improve others lives.  Narrow it down to one idea that you will use as your invention to solve the problem. Research your invention to find out if it is unique. Create a chart or infographic that illustrates the invention and three detailed ways that it solves a worldly issue. You may use a table in microsoft word or within your course to create your chart. Then, you will write about it in a 400-600 word paper. If you feel your idea would be very effective, you can research how to patent or trademark it with the U.S Patent source below. Research global issues here or choose another source of your own: The United Nations Global Issues : http://www.un.org/en/globalissues/ U.S. Patents and Trade Office : http://www.uspto.gov