Reflection Paper

Reflection Essay

Please read “We Have Record Profits, But We Still Need to Raise Prices” written by Veronica Horton and found here: https://econeveryday.com/we-have-record-profits-but-we-still-need-to-raise-prices/.

What is inflation? How is it linked to price?

Discuss the 2020 decision by the Fed to buy debt from larger firms. What was the goal of this policy? What were the unintended consequences of the policy?

Since the start of the pandemic, many large companies like P&G and Unilever have posted record profits. Now, many of those same companies are warning of future price hikes. Why do these companies keep raising prices if they are earning record profits? How high can companies push prices before it affects demand?

For full credit, you will include a well-reasoned and well-written defense of all your answers. Your reflection essay will be approximately 2-3 paragraphs in length and will be devoid of typographical and grammatical errors.

Grading Rubric for Reflection Essays

	Content
Low Scores (0-3)	Average Scores (4-5)	High Score (6-7)
The reflection essay is missing content, i.e., a significant number of questions are left unanswered or are answered in a cursory manner.	The reflection essay contains adequate content, but a few questions are left unanswered or are answered in a cursory manner.	The reflection essay addresses all questions in a thoughtful and substantive manner.
	Sentence-level Conventions
Low Scores (0-1)	Average Scores (2)	High Scores (3)
There are 8 or more errors in spelling, grammar, and punctuation.	There are 6-7 errors in spelling, grammar, and punctuation.	There are 5 or fewer errors in spelling, grammar, and punctuation.