Long Run Economic Growth

In November 2018, a 1300-page study compiled by 13 government agencies, concluded that by the end of this century, climate change could be responsible for cutting GDP per capita by ten percent. (An excerpt is on the next page).Please read the following articles on how climate change could impact the economy:1) The first is written by Carol Davenport and Kendra Pierre-Louis in the November 23rd, 2018 issue of the New York Times entitled, “U.S. Climate Report Warns of Damaged Environment and Shrinking Economy”2) The second entitled “Climate Change and the economy: The cost of doing nothing” in the June 28th 2014 issue of the Economisthttp://www.economist.com/news/united-states/21605936-scorched-farms-flooded-homes-and-lower-productivity-cost-doing-nothingYour Assignment(a) Describe at least three mechanisms through which climate change is likely to affect the long run aggregate supply curve (for example: infrastructure, land quality, human health etc.).This answer should be between 300- 400 words long. Please explain your answers using your own words. You will need to revisit Unit 6 (Long-Run Economic Growth) in addition to the articles in order to provide full answers. I would like to see descriptive details from the articles but I also want you to explicitly connect what the articles describes to economic concepts you learned in Unit 6, as well as the portions from Chapter 24 (in Sections 2 and 3) that concern the Long-run Aggregate Supply curve.(b) If you were a policymaker working for the U.S. government, what policies would you recommend to deal with the challenge posed by climate change. Would you favor mitigation strategies -tackling the causes and minimizing the impact of climate change? Would you favor adaptation strategies -focused more on reducing the negative effects of climate changes without trying to change the trajectory of climate change? Your answer should be consistent with your analysis from part (aThis answer should be between 100-200 words long. I would expect you to provide a couple of specific policy proposals and make an argument for emphasizing either mitigation or adaptation….Excerpt from the Fourth National Climate Change Assessment Report. Volume II. Summary findings on the Economy.https://nca2018.globalchange.gov/“Without substantial and sustained global mitigation and regional adaptation efforts, climate change is expected to cause growing losses to American infrastructure and property and impede the rate of economic growth over this century.In the absence of significant global mitigation action and regional adaptation efforts, rising temperatures, sea level rise, and changes in extreme events are expected to increasingly disrupt and damage critical infrastructure and property, labor productivity, and the vitality of our communities. Regional economies and industries that depend on natural resources and favorable climate conditions, such as agriculture, tourism, and fisheries, are vulnerable to the growing impacts of climate change. Rising temperatures are projected to reduce the efficiency of power generation while increasing energy demands, resulting in higher electricity costs. The impacts of climate change beyond our borders are expected to increasingly affect our trade and economy, including import and export prices and U.S. businesses with overseas operations and supply chains. Some aspects of our economy may see slight near-term improvements in a modestly warmer world. However, the continued warming that is projected to occur without substantial and sustained reductions in global greenhouse gas emissions is expected to cause substantial net damage to the U.S. economy throughout this century, especially in the absence of increased adaptation efforts. With continued growth in emissions at historic rates, annual losses in some economic sectors are projected to reach hundreds of billions of dollars by the end of the century—more than the current gross domestic product (GDP) of many U.S. states.”USGCRP, 2018: Impacts, Risks, and Adaptation in the United States: Fourth National Climate Assessment, Volume II [Reidmiller, D.R., C.W. Avery, D.R. Easterling, K.E. Kunkel, K.L.M. Lewis, T.K. Maycock, and B.C. Stewart (eds.)]. U.S. Global Change Research Program, Washington, DC, USA, 1515 pp. doi: 10.7930/NCA4.2018.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
Long Run Economic Growth
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Finance
Thank You
Customer 452643, October 24th, 2021
Nursing
Perfectly done!
Customer 452707, July 18th, 2022
Social Work and Human Services
Great Work!
Customer 452587, November 2nd, 2021
Education
Thank you so much for your help so I do not go insane from trying to do this. I have 2 more courses to do. Probably will be using you again.
Customer 452675, November 28th, 2021
Professions and Applied Sciences
Amazing work!
Customer 452707, May 29th, 2022
Other
AWESOME
Customer 452813, June 19th, 2022
Other
AWESOME
Customer 452813, July 5th, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, August 24th, 2021
Social Work and Human Services
Excellent Work!
Customer 452587, July 28th, 2021
Criminal Justice
Thank you for the great paper. I like how the writer structured it.
Customer 452627, October 2nd, 2021
Nursing
Great! Thanks again!
Customer 452707, July 4th, 2022
ENG 099
Excellent Paper. The only 100 in the class.
Customer 452775, July 19th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now