1. Paul Krugman is a: monetarist economist. real business cycle economist. rational expectations economist. supply-side economist. Keynesian economist.

2. The (original) Keynesian primary policy for a recession is: increasing money supply/decreasing interest rates. decreasing the money supply/increasing interest rates. increasing government spending/cutting taxes. increasing government spending/increasing money supply. increasing government spending/raising taxes.

3. The original classical school dominated macro economic thinking: 1800s to 1933. 1759-1793. 1997-2017. 1933-1980.

Please remember to choose the ethical provision you believe would address the issue and remember your citations. A group of senior students have been attending nursing school together since the beginning and are friends with one another on social media. After a particularly tough day at clinical, one of the students begins to rant about the instructor, the clinical site, and the dreadful patient assignment the student had. The student even names the nurse assigned to the patient and the name of the hospital. What should the fellow students do who are classmates and on this social media site with this student?

1. At NYU there is currently a problem that only 60 percent of the freshman graduate from NYU in 6 years. That means 40 percent leave the school before graduation. This is a relatively high number compared to some other schools. This is in spite of NYU being one of the best schools in the country in placing students into high-income jobs.

a. In your opinion, why do so many students leave NYU before graduation?

b. Using the idea of nudging, come up with three ways (and explain them) that NYU could nudge students to stay at Pace.

Develop a cash budget based on the following information about a preschool:

Revenue
Tuition fee: $100,000 paid monthly
Event income: $50,000 by Thanksgiving
Foundation support: $200,000 semiannually, May and November

Expense
Salary and wages: $80,000 monthly
Rent and insurance: $100,000 in January
Supply and food: $10,000 monthly
Administration and fundraising: $10,000 monthly

Assume the board of directors does not allow for short-term borrowing and that the cash safety margin is $80,000. How much operating reserve or liquidity should the school have to embark on the preschool program?

A researcher is studying truancy among male and female youths. In a sample of youth, males (n₁ = 67) were truant from school a mean of 2.01 days per month (s₁ = .76). Females (n₂ = 45) were truant a mean of 1.08 days per month (s₂ = .66). Use a five-step hypothesis test and an alpha of .01 to to determine if there is a difference between means. Assume equal population variances.

Type or neatly write all five steps clearly, with steps labeled and answers circled or highlighted where needed.

Question 6 (3p). Explain how social insurance can address uncertainty as well as risk.

Question 7 (3p). “Markets are self-regulating. Governments should not interfere” Discuss.

Question 8 (3p). The USA relies heavily on private insurance to finance health care. What are the resulting problems? Why are those problems entirely predictable?

Question 9 (3p). What problems arise in attempting to assess the social benefits of increased investment in school education?

Question 10 (3p). What are the characteristics of a good student loan scheme for tertiary education?

1. An education publication claims that the mean expenditure per student in public elementary and secondary schools is at least $10,200. You want to test this claim. You randomly select 16 school districts and find the average expenditure per student. The results are listed below. At α = 0.01, can you say the mean expenditure is different either way from the amount in the publication? Assume the population is normally distributed.

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities.

It is estimated that 3.8% of the general population will live past their 90th birthday. In a graduating class of 714 high school seniors, find the following probabilities. (Round your answers to four decimal places.)

(a) 15 or more will live beyond their 90th birthday


(b) 30 or more will live beyond their 90th birthday


(c) between 25 and 35 will live beyond their 90th birthday


(d) more than 40 will live beyond their 90th birthday

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities.

It is estimated that 3.6% of the general population will live past their 90th birthday. In a graduating class of 735 high school seniors, find the following probabilities. (Round your answers to four decimal places.)

(a) 15 or more will live beyond their 90th birthday


(b) 30 or more will live beyond their 90th birthday


(c) between 25 and 35 will live beyond their 90th birthday


(d) more than 40 will live beyond their 90th birthday