1) Consider a labor market that appears to be out of equilibrium (meaning there is a shortage or a surplus of labor in this market). Describe which labor market you are looking at, and explain what the cuase of being out of equilibrium may be. How does this disequilibrium benefit and harm the labor market you are analyzing?

In summary:

• Select and describe a labor market that appears to be out of equilibrium.
• Why do you think this labor market is out of equilibrium?
• In what ways does being out of equilibrium both benefit and harm the labor market you are analyzing?

2) Consider interest rates and their impact on your financial situation. It will be helpful to select a good that you are likely to finance at some point.

• Explain how changing interest rates may change your purchase decicions of this good
  • Timing, options you may or may not include with it, etc
  • Financing vs cash purchase
• Similarly, explain how, for you, interest rates may make you more (or not change) likely to contribute to savings