Inflation

Inflation

The paper

1. Economic issue
   • Why is it an economic problem?
   • Where is the trade off?
   • Make it clear in introduction
2. Social importance
   • Why important?
   • What part of society affected?
3. Economic principles (Mankiw principles: opportunity cost, marginal reasoning)
   • The body of your essay has to be guided using economic principles.
   • Use economic principles to argue the point.
   • Diagrams are a plus but not mandatory
   • Conclusion: summary of main argument
4. Sources
   • 5 academic sources
     • journal articles (American economic review, quarterly journal of economics, rand journal of economic)
     • text books
     • articles published by economists
     • use citations properly (consistent)
5. Clarity
   • grammar, spelling
   • argumentative
   • avoid subjective sentences

requirement: 5-7 pages, citation.

The rubric is in the files, please see it carefully

Answer Preview

Inflation is an economic problem because it affects almost all the people that live in a certain region, country or state. It also affects the economic growth of the country negatively and reduces the standards of living of the people. (Barro, 2011).  When the prices of commodities…