Choose one concept from the list below, and write a paper a 400 to 500 word paper (400 words, is the absolute minimum) in which you state a response.

ECO2013 Macroeconomics

Scarcity, Opportunity Cost, Wants, Entrepreneurship, Market, Law of Demand, Law of Supply, Market Failure, Unemployment Rate, Structural Unemployment, Human Capital, Inflation Rate, Savings, Gross Domestic Product, Economic Growth, Supply Side Fiscal Policy, Fiat Money, Monetary Policy, Liquidity, Public Debt

General Instructions:

Choose one concept from the list above, and write a paper a 400 to 500 word paper (400 words, is the absolute minimum) in which you state a response to the following prompt;