Economics 50 Macroeconomics Current Event Article summary Directions: 1. Find a

Question

Economics 50 Macroeconomics Current Event Article summary Directions: 1. Find a news article that interests you that discusses something related to macroeconomics. The article should be fairly current, i.e, no older than two months 2. Write two paragraphs to summarize the articke 3. Write two reflection paragraph s. A reflection is what you think about the article, topic, or subject matter. 4. You must cite where you found the article. See example below. 5. Your article summary must be typed 6. You do not need to include a copy of the article. 7. You will write a total of three summaries. The due dates are September 13, October 4 and October 18. Examples of Citation If it is a print article (one you found in an actual newspaper and not online): Smith, Bill. "New Health 2017: LZ01. Print. Author, "Title of the article. Publication Date: Page. Print Center Targets County's Uninsured Patients." Washington Post 24 May If it is an online article: Bernstoin, Mark. "10 Tips on Writing the Living Web." CNN. 16 Aug. 2002 Web. 4 July 2017. Author, "Title of the article." News source. Date of article. Web. Date that you looked up the articie. For more on citations go to: https://owl.english purdue.edu/owl/section/2 Below are possible news sources The Economist http://www.economist.com The Wall Street Journal http://www.wsi.com The New York Times http:/nytimes.com CNN http:llcnn.com MSNBC http://www.msnbe.com BBC http:/lbbc.com/news

Explanation / Answer

Link given for your reference: https://www.nytimes.com/2018/09/10/business/china-prices-inflation.html

This is an online article appeared in New york times

Bradsher, Keith."China Sees Hints of a Past Threat: Inflation" Nytimes posted 10 September 2018.

Article summary: Consumer prices have increased for last quarter in China. Government officials give following reasons:

1. Flood damagin crops and pigs kulled to fight swine flu

2. Increasing tariff by USA has increased prices

3. Increase in oil prices have increased oil bill for China which is largest oil consumer.

Western experts believe that China keeps inflation figures understatedbecause has China has history that people may unite on this issue which Chinese government does nort want.

Western experts also believe that Chinese economy has the potential to absorb this inflationary pressure as their economy is slowing down and domestic suppy will increase due to its higher investments in human and physical capital in last decade.

Chinese people however are fearful about increasing prices as their budgets collapse. chineses government is adviced not to increase its speding as expansionary fiscal policy may lead to increasing inflation in China.

My reflection: Chinese economy is having inflation but it is not worrisome as it is in some other countries like Venezuela. Supply side shocks in primary commodities have mainly created this situation which is temporary. Chinese government has other important issue also to tackle like depreciating currency and economic slowdown.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.