Assignment 2: lasa 1: inflation and government economic policies

Assignment 2 Grading Criteria

Maximum Points

Explained inflation. Identified the causes of inflation. Explained whether or not inflation is desirable and offered a rationale. Identified ways to control inflation in a market economy.

40

Explained the Consumer Price Index (CPI). (8 points)
Outlined the CPI behavior since the year 2000. (8 points)
Identified the causes of the changes in the CPI over this time. (8 points)
Provided a graph of the CPI for this period and cited the source. (8 points)

32

Explained the Producer Price Index (PPI). (8 points.)
Outlined the PPI behavior since the year 2000. (8 points)
Identified the causes of the changes in the PPI over this time. (8 points)
Provided a graph of the PPI for this period and cited the source. (8 points)

32

Explained the Consumer Expenditure Survey (CE). (7 points)
Outlined the CE behavior since the year 2000. (7 points)
Identified the causes of the changes in the CE over this time. (7 points)
Provided a graph of the CE for this period and cited the source. (7 points)

28

Explained what the CPI, PPI, and CE measures can tell us about consumer behavior.

8

Identified changes in income since 2000.

4

Explained whether or not the changes in income offset the inflation for this period.

8

Identified viable predictions about future inflation.

8

Researched impact of CPI, PPI, and CE measures on the economy. Discussed the implications of these measures for government economic policies.

20

Style (4 points): Tone, audience, and word choice.
Usage and Mechanics (4 points): Grammar, spelling, and sentence structure.
APA Elements (12 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style.

20

Total:

200







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