Question
Please read the WSJ article titled, Supply Chain Crisis .... dated 10-20-21. Also this prompt refers to ch. 28/textbook (Principles of Macroeconomics Openstax). Based on
Please read the WSJ article titled, "Supply Chain Crisis ...." dated 10-20-21. Also this prompt refers to ch. 28/textbook (Principles of Macroeconomics Openstax).
Based on the WSJ article, at a fundamental level, is there is a link between the U.S. dollar and the supply chain issues in the U.S.? (a) Describe two macroeconomic issues associated with the U.S. dollar and the supply chain problem. It is possible that either issue will be resolved in 2023 - 2024? If no/yes, explain why and include a brief description of one major issue that could impede either a no/yes response. (b) based on U.S. economic activity in 2021 - 2022 (1st qtr.) (ref. U.S. GDP), do you think either issue will affect the U.S. money supply going forward? Briefly describe why and include one macro reason to support your response. (ref. ch. 28). (c) With the U.S. unemployment rate at 3.7 as of Oct. '22 vs. 36% in 06-22 and U.S. inflation rate at 7.7% as of Oct. '22 vs. 9.1% in 06-22, should businesses think micro on short term spending and act macro on long term spending? Why/why not? (ref. ch. 28)
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