Purpose: the purpose of this assignment includes the following: To research and describe an important economic issue and analyze the effects that this issue has on that particular market/consumers. To...

Purpose: the purpose of this assignment includes the following:

• To research and describe an important economic issue and analyze the effects that this issue has on that particular market/consumers.


• To explain which qualifications need to be implemented to better analyze the issue.


• To determine what government intervention should/should not be taken to remedy the issue.

Your Communication Skills Assignment will require you to submit a typed essay addressing a common economic inquiry.

Below is the issue:

How might the short-run relationship between inflation and unemployment be different now than it has been the past? That is, can the unemployment rate go lower than it is now without making inflation too high? If economists' thinking on this has changed, what is it that is different about the economy for them to change their views? This relates to what percentage the natural rate of unemployment is. So you could instead simply discuss what percentage economists think it is currently and why it might be different than it was in the past.

Write in a manner that is appropriate for an academic paper in the subject of economics and follow a widely-accepted format for citing sources properly.