Question

In: Economics

II. Translations (2 points for each question; 6 points in total)Sentential Logic Translation:a) Neither...

II. Translations (2 points for each question; 6 points in total) Sentential Logic Translation:

a) Neither Felix (F) nor Elmer (E) attends class regularly, only if Boris (B) works for the CIA provided that Deidre (D) does not work for MI6.

b) If the Monetarists (M) are right, then there is an increase in inflation (I) if and only if the money supply increases too fast (F). If the Keynesians (K) are right, then there is an increase in inflation if and only if there is a decrease in unemployment (D). If the Libertarians (L) are right, there is an increase in inflation if and only if the federal government spends more than it takes in (S). The money supply increases too fast only if taxes are too low (T), and the federal government spends more than it takes in only if taxes are too low. There is no decrease in unemployment and taxes are not too low, but there is an increase in inflation. Therefore, neither the Monetarists, nor the Keynesians, nor the Libertarians are right.

c) More jobs (J) will be created and the economy (E) will improve only if government spending (G) is increased and taxes (T) are not raised; however, the deficit (D) will be reduced only if taxes are raised and government spending is not increased, and the economy will improve if and only if the deficit is reduced.

Solutions

Expert Solution

(a)

Let

F=Felix goes to class consistently

E=Elmer goes to class consistently

B=Boris works for the CIA

D= Deidre works for MI6

At that point the interpretation is:

Neither Felix (F) nor Elmer (E) goes to class consistently, just if Boris (B) works for the CIA gave

that Deidre (D) doesn't work for MI6.

(b)

Let

M=Monetarists are correct

I=there is an expansion in swelling

F=money gracefully increments excessively quick

K=the Keynesians are correct

D=there is a reduction in joblessness

L=the Libertarians are correct

S=the government spends more than it takes in

T=taxes are excessively low

At that point the interpretation is:

On the off chance that the Monetarists (M) are correct, at that point, there is an expansion in swelling (I) if and just if the cash gracefully

increments excessively quick (F).

If the Libertarians (L) are right, there is an expansion in swelling if and just if the government

spends more than it takes in (S).

The cash flexibly increments excessively quick just if charges are excessively low (T), and the government

spends more than it takes in just if charges are excessively low.

The cash flexibly increments excessively quick just if charges are excessively low (T), and the government

spends more than it takes in just if charges are excessively low.

There is no decrease in unemployment and taxes are not too low, but there is an increase in inflation.

Therefore, neither the Monetarists, nor the Keynesians, nor the Libertarians are right.

(c)

More positions (J) will be made and the economy (E) will improve just if government spending (G) is

expanded and burdens (T) is not raised; notwithstanding, the shortfall (D) will be decreased just if charges are raised

what's more, government spending isn't expanded, and the economy will improve if and just if the deficiency

is decreased.


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