Write a paper discussing torts in American law. Include the four types of wrongfulness and provide examples of each. What are the elements that must be proven in a negligence case? How would duties differ in cases where the injured party is an invitee, licensee, or a trespasser? What is the difference between contributory and comparative negligence? Can a tort also be a crime? What is proximate cause in a tort case? Assignment Checklist: ? Discuss the four types of tort wrongfulness with examples ? Identify the elements of a tort. ? Discuss proximate cause in a tort. ? Distinguish between product liability and strict liability ? Explain how contributory or comparative negligence would affect a tort lawsuit. ? Explain the differences in duties differ regarding invitees, licensees, and trespassers. ? Can a tort also be a crime? Formatting: ? Respond to the questions in this assignment providing support or evidence for your point of view or argument you are trying to make. ? Tell your readers what action they should take or provide a summary of what the reader should take away from reading/learning about the topic. ?
Economists emphasize that there are two principal reasons of stagflation. First, a negative supply shock can decrease the productive ability of an economy. Examples of unfavorable shocks involve a raise in oil prices for an importing nation. Such shocks have an inclination of raising prices and slowing down the economy by the increasing costs of production and reducing lucrativeness at the same time (Guillermo & Rodrigo 2008). The second plausible cause of stagnation is inappropriate macroeconomic strategies. For example, letting an extreme growth in the supply of currency can escalate inflation, and the government can generate stagnation by using intense regulation of goods and the labor market. These two aspects performed an important role in triggering the 1970s worldwide stagflation that led to the fall of Keynesian economics. The stagflation began with huge increases in oil prices and continued, because central banks used the intense simulative monetary policy to solve the recession. The fall of Keynesianism also credited to the fact that many economists did not take into account the probability of stagflation (Blinder, 2013). Historical data pointed out that high unemployment rates were related with low inflation rates and vice versa, as shown in the Phillips curve (Khan Academy, 2017). The theory was that a high demand for goods increased prices, which in turn stimulated companies to employ more people. Likewise, high employment rates augmented demand. During the 1970s stagflation, it became obvious that the link between inflation rates and employment levels was sometimes unstable. As a result, macroeconomists were unconvinced about Keynesianism, eventually steering to the end of the impact of Keynesian theories in economic strategies. Monetarist economists, such as Edmund Phelps and Milton Friedman clarified a shift in the Phillips curve: they maintained that when companies and workers anticipated high inflation, there was a shifting up of the Phillips curve, suggesting that high inflation can occur at an>GET ANSWER