inflation economics, assignment help

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wreelwe

Economics

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due by july 5 3 pm western pacific time zone california


we have to use the inflation and cpi index from the FRED website..embed graphs in paper

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Inflation and Analyses of Monetary Policies Purpose of Assignment This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others. Assignment Steps Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although you are allowed to use other sources. Develop a minimum 700-word analysis of inflation by including the following: • Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI's "market basket." Find the annual CPI index numbers for your chosen good or service for the years 1995, 2005, 2010, and 2015. Enter those index numbers in an Excel® file and calculate the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015. • Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation. How has inflation over the last five years affected you and/or your family? • Discuss how a business manager, such as a human resources manager, might use CPI statistics. Cite a minimum of three scholarly, peer-reviewed references. Inflation and Analyses of Monetary Policies Grading Guide ECO/561 Version 12 Economics Individual Assignment: Inflation and Analyses of Monetary Policies Purpose of Assignment This assignment will introduce students to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others. Resources Required Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Grading Guide Content Chose a product or service student currently consumes/uses, such as apparel or educational services, that is included in the CPI’s “market basket.” Found the annual CPI index numbers for student’s chosen good or service for the years 1995, 2005, 2010, and 2015. Entered those index numbers in an Excel® file and calculated the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015. Analyzed the trends in overall inflation over the last five years and whether student’s income has kept pace with inflation. Answered the following question: • How has inflation over the last five years affected you and/or your family? Discussed how a business manager, such as a human resources manager, might use CPI statistics. Cited a minimum of three scholarly, peerreviewed references. Met Partially Met Not Met Comments: Content Met Partially Met Not Met Total Available Total Earned 4 #/4 Partially Met Not Met Total Available Total Earned 1 #/1 Comments: The analysis is a minimum of 700 words in length. Writing Guidelines Met The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with intext citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Comments: Assignment Total Additional comments: # 5 #/5
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Explanation & Answer

Attached.

OUTLINE

1. INTRODUCTION
2. BODY
3. CONCLUSION
4. REFERENCES


CPI
1995
2005
2010
2015

156,1
162,3
185,38
199,73

Urban Coffee Cons
250
200
150

CPI

YEAR

100
50
0
1990

1995

Urban Coffee Consumers CPI

1995

2000

2005

Time in Years

2010

2015

2020


Running Head: INFLATION ECONOMICS

Inflation Economics
Student Name:
Instructor:
Institutional Affiliation:
Date:

2

INFLATION ECONOMICS

Product Choice
Currently, I have a taste for coffee just like my colleagues in our institution and also like a
bigger part of the nation. Coffee is the best choice in this case since it is widely consumed in the
United States with consideration to the influence of Starbuck Corporation. The influence, however,
is significant to college students and also the urban population (Ederer, Heumesser, & Staritz,
2016). It explains why the choice of data set from St. Louis Federal Reserve site is on urban coffee
consumer price index. The figures that are recorded for all urban consumers’ consumer price index
are 156.10 for 1995, 162.30 in 2005, 185.38 in 2010 and 199.73 in 2015. Apparently, this data set
shows an increasing trend over the given years as shown in the t...


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