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Unit 1 Written Assignment

Unit 1 Written Assignment

Q Conduct an Internet search for a recent article (within the last 12 months) concerning microeconomics in your country. Use the information in the article and compose a paper that provides answers to the following: • Provide the link to the article. • Provide a summary of the article. • How has the situation discussed in the article (within your country) affected your individual household economics? • What if anything can be changed about the microeconomic situation from the article? Please explain. • Discuss why you found the article interesting. • Explain if you agree with the author or do not agree with the article. Compose your paper using Microsoft Word or a Word compatible word processor (LibreOffice, Google Docs, etc.). Your paper must be 2 pages in length using 12-point Times New Roman font and include an introduction, body, and conclusion. You must also cite sources using APA format.

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The link to the article: https://www.cnbc.com/2022/07/14/how-inflation-can-hurt-and-help-consumers.html Introduction- The article named “Inflation poses a ‘clear and present danger,’ says Manchin: Economists weigh in on how it can hurt and help consumers” was published in the CNBC news this year. This article says about the inflation of the economy. One of the instruments to measure the inflation of an economy is considered the consumer price index. Body- According to the article, the economy is facing the highest consumer price index since the year 1981.