1. On Friday March 10th 2017, around 11pm your instructor Mr. Tamba Yaradouno was at O'Hare International Airport in Chicago picking up a relative. At the passengers arrival what they call "Vestibule" or numbered gates, he could not park and waited for long. The area was packed, airport security cars flashing lights everywhere not allowing anyone to park but just enough time to pick up people.

On Friday October 12th 2018 at about same time your instructor was at the same spot of that airport to surprisingly notice that the area was completely empty and sat there for almost two hours.

Explain in your words in two pages including graphs (hand written or typed, Microsoft office word, times new roman, 12 fonds, double spaced):

a. What has happened to the demand curve of tourists visiting Chicago and the USA in general.

b. What could happened to both demand and supply curves of airport jobs, to the international flights into the USA if this trend of tourists decline continue.

Note: Do not include COVID- 19 here, this is the change of the world view of the USA from the Obama administration compared to President Trump and thus the changes of the number of tourists visiting USA

Why did Putin change the electoral system relating to presidential elections in Russia?

legal system in Uzbekistan,related to economy

A graphing calculator is recommended.

Solve the following exercise on a graphing calculator by graphing an appropriate exponential function (using x for ease of entry) together with a constant function and using INTERSECT to find where they meet. You will have to choose an appropriate window. (Round your answers to one decimal place.)

At 3% inflation, prices increase by 3% compounded annually.

(a) How soon will prices double?
  yr

(b) How soon will prices triple?
  yr

So, I am trying to do a research about Economic and Social Cost of the Opioid Crisis in the US , So I need to write

• background on this issue( typed please)

• policy question and maybe a couple of paragraphs on that background and policy question and then the research question.

Please help and type it, Thanks

Solved parts a-e, need the rest.

1. Suppose the economy can be defined as the following:

Consumption Function: 3000+0.6*(Y-T)

Investment Function: 600-50r

Government Expenditure = 500; Tax = 500

Net Export = 300–30r

M = 10000

Money Demand Function: L(Y,r) =5Y–2500r

a) Derive the IS curve.

IS: r = 51.25 - .005Y

b) Derive the LM curve

LM: r = .002Y-4*(1/P)

c) Suppose P = 10, compute the equilibrium interest rate and output.

(e.g. If you compute r = 2.46, treat this as 2.46%)

r^∗=14.357, Y^∗=7378.571

d)Graphically illustrate the solution for part d, you should have four graphs: graph with the AD curve, the IS-

LM diagram, the Keynesian Cross (market of goods and services) and the theory of Liquidity Preference (market of real money balance).

Impact of Fiscal Policy

e)Suppose government spending increases to 700. Redo (a-d).

IS: r =53.75-.005Y, r^∗=15.071, Y^∗=7735.714

f)Compute the size of crowding out effect.

Crowding out size = _____________

g)Show how this increase of government expenditure affecting the graphs you draw on part (e)

(Don't need this one)

Special case

i)Suppose everything is the same, except now the LM curve is independent to interest rate, more specifically, LM : Y = 8000. Compute the equilibrium interest rates and outputs before and after the increase in government spending.

Before: r^* = ____, Y^* = _____

After:r^* = ____, Y* = _____

j) What is the size of the crowding out effect?

Crowding out size = _______

Neo-Classical Economics assumes the perfectly competitive labor market; therefore, Neo-Classical Economics argues wage flexibility clear the labor market. In the labor market, equilibrium wage rate is determined by the demand for labor and the supply of labor, and at the equilibrium everyone who wants to work at the equilibrium wage rate finds a job.

a) Graph equilibrium in the labor market

. b) What is the unemployment rate if the labor market is at equilibrium?

c) How does the labor market adjust to new equilibrium if the demand for labor decreases sharply? Graph your answer.

d) Should government regulate the labor market, according to Neo-Classical Economics? Why or Why not? Explain your answer. e) Recently 6.6 million Americans have filed for unemployment benefit. How would a neo-classical economist approaches to this news? (8 points)

1. Discuss the general purposes of taxes? Give examples.

2. How politically popular is it for government to reduce spending and/or to raise taxes? Explain.

What do you think will be the impact of innovation, production and new technology on an equal economic society?

a.

a. What does a contractionary monetary policy​ involves?

b. Who is responsible to implement monetary policies in the​ US?

c. When would the central bank of a country implement this type of​ policy? Explain.

d. Using a graph explain the impact of this contractionary policy on the economy specifically​ - real​ GDP, unemployment and rate of inflation.

You can draw the graph on a​ paper, label it as MONETARYPOLICY

1) What is the right to privacy and what is the constitutional basis for it? Discuss three areas of law that directly involve questions about how far the right to privacy extends. In your answer, be sure to mention at least one Supreme Court case for each area of law.

2) Some people contend that while Americans may be divided by ideology or opinion, they are united by fundamental political values. Describe these core values and discuss a specific example of how their practical interpretations might conflict.

3)How do interest groups influence public policy?

Use the concept of risk pooling to discuss the reasoning behind the provision in the Patient Protection and Affordable Care Act (PPACA) to create state-based health insurance exchanges, where anyone (individuals or groups) would be eligible to purchase affordable coverage. Why private insurers, often not willing to sell insurance contracts to small employer groups before the enactment of PPACA, may be more inclined to offer an “essential benefits package” at affordable rates through such exchanges in the near future?

Bill is an aging snowboard instructor at a local ski resort. All winter, he takes over the counter pain medication to deal with his aching joints. Each summer, he moves home with his parents and takes a part time job making minimum wage. This summer, he got qualified for and enrolled into state government subsidized health insurance. Now he plans to undergo arthroscopic surgery by the end of the summer to repair his knee. Use the terms insurance, third party payer, moral hazard, adverse selection and social welfare loss to assess this situation.

1. Suppose that from 2020 to 2025, the price level rises at a rate of 3% per year.
   1. [1] In 2025, real GDP is equal to potential, so there is no output gap. Workers and employers are bargaining the wage for the next year.

If they are backward-looking, are wages likely to increase? If so, by how much?

2. [1] Given your answer in a, will there also be an increase in the price level next year (inflation)? If so, by how much?

3. [1.5] Suppose that in 2026, an inflationary output gap opens. Workers and employers once again bargain the wage increase for the next year.

Compared to the past year (in part b), do you think that inflation will be higher or lower than in 2025?

4. [1.5] In 2027, there is still an output gap. The price of energy—an important input—increases.

Will this affect inflation? If so, will the inflation rate be higher or lower than in 2026?