QUESTION

All economies in the Caribbean are quite vulnerable to economic shocks, limited infrastructure, high public debt, security threats, and effects of the pandemic among other problems that have impacted its growth over the years. This assignment aims to review the impact of INFLATION in JAMAICA.

As junior Economists, you are required to use statistical, graphical, and pictorial evidence to make a presentation to your class on a selected economy. when addressing the following areas below.

1. Provide a profile using the most recent economic information for the selected economy.

• (This should include demographics, flag, Premier/ Prime Minister/ President, etc.

2. Determine the current inflation rate for the economy of choice.

3. Explain the types of inflation currently being experienced in your economy, is it anticipated or unanticipated?

4. Relate three things, citizens should be aware of when inflation occurs.

5. Identify a good where inflation has occurred and illustrate the impact of the change in prices using current values using the AD/AS model. (remember to source the data and identify the dates accurately).

6. Cite the reason for the inflation given in (5)?

7. Illustrate using a trendline the inflation rate for the economy using annual data for the selected economy for the past 10 years and comment.

8. Discuss in detail one specific measure/ policy the monetary authority has adopted to combat/ sustain/ stabilize the inflation in the economy chosen.

9. Students should summarize (where necessary the actual measures implemented in THEIR community and provide evidence -website, flyers, etc.)

10. As junior Economists, you are required to recommend to your peers, how they can assist the government in keeping inflation low if they were living in that selected economy. (note look at the current status/issues of the country).