The Day the Machines Went off
Briefly sketch the plot of a disaster movie in which an electromagnetic pulse caused the shutdown of all electronic equipment causing financial activity to grind to a halt. Using what you have learning during the course, the text readings, and scholarly resources, describe the effects of such an event on financial institutions and the macroeconomy. At a minimum, include the following in your paper:
- Details regarding the functions of money which would be missed immediately.
- What are some of the immediate effects of financial institutions shutting down? For example: the price of goods (inflation),unemployment in the various financial institutions,lack of a functioning central bank (who clears checks?),demand for paper money now that debit cards don’t work,interest rates,demand for gold,barter.
- Focusing on the financial system, what emergency measures might be invoked to keep the economy running?
- What financial institutions would need to be the first to come back “online.”
Writing the Final Paper
The Final Paper:
- Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.
- Must include a cover page that includes:Title of paperStudent’s nameCourse name and numberInstructor’s nameDate submitted
- Must begin with an introductory paragraph that has a succinct thesis statement.
- Must address the topic of the paper with critical thought.
- Must end with a conclusion that reaffirms your thesis
- Must use at least three scholarly sources, including a minimum of one from the Ashford Online Library.
- Must document all sources in APA style, as outlined in the Ashford Writing Center.
- Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center