Competency 1 - Assessment

To complete this assessment, you will create a report comprised of two parts. In Part 1, you will analyze how 2 major economic events influenced supply, demand, and economic equilibrium in the U.S.

Imagine that you are a business consultant tasked with sharing the concepts below with a team of interns who will be supporting the research aspects tied to a new initiative requiring knowledge about economic influence and economic concentration. The use of charts and tables to illustrate data is highly encouraged to help the interns connect the dots. Create a report incorporating the following:

Part 1: Economic Events & Activity Analysis Review the Competency 1 Resources:

Economic Fundamentals. Write a 500- to 750-word analysis (Part 1 of your report) assessing how 2 of the following major economic events influenced supply, demand, and economic equilibrium in U.S. economic activity:

Rapid price increases, such as those caused by the 1973 oil embargo or the aftermath of a major hurricane

Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession

Crippling interest rates imposed by the Federal Reserve, such as those during the 1975-1985 time period

Collapse of the Soviet Union in 1991 and the end of the Cold War and the "peace dividend"

The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash

Reference:

Brue, S. L., Flynn, S. M., & McConnell, C. R. (2021). Economics, Principles, Problems,

Politics 22e. McGraw Hill Education.

Iacoviello, M., & Navarro, G. (2019). Foreign effects of higher U.S. interest rates. Journal of International Money and Finance, 95, 232-250. https://www.sciencedirect.com/science/article/pii/S0261560618303942

Cite Two Other Scholarly sources