Choose a current event that addresses one of the following economic concepts in chapters 3 & 21. Use graphical analysis to analyze the issues presented in the current event (possible graphs: Supply and demand, business cycle, circular flow model, cpi, nominal GDP real GDP, inflation rate, effect of deflation, rule of 70,technological or physical capital improvements on productivity, convergence, or any other curve or equation discussed related to this section).
a. Business cycle, recession
b. Circular flow
c. Unemployment rate, labor force participation rate
d. Inflation/ deflation rate, who is hurt/helped by inflation
e. Real GDP, per capita income and population growth, sustainability
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