Explain how the story is related to economic problems


Problem

Decide Whether to Accept an After-School Job You spend many hours every week doing school work and helping around your home. You like to go out with your friends on the weekend. You really don't have much spare time. Interest rates are low, and the economy is booming. On your way home from school, you notice a sign in the window of a store that promises a $10 per-hour wage for anyone who accepts a job as a sales clerk. When you ask about the job, the store owner says she will hire you only if you agree to work a minimum of 16 hours each week. You accept the job, but you're not happy with the number of hours you must work. After you receive your first paycheck, you go shopping and find that because of taxes and inflation your money doesn't go very far. You decide you really don't want the job so you hand in your resignation and go back to asking your parents for money. Explain how this story is related to economic problems that take place when the Fed tries to move production in the economy to exceed its potential.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain how the story is related to economic problems
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