Consider the current macroeconomic environment in China. The government considers 8% GDP growth as its target growth rate. But currently, Chinese policymakers feel the country will have trouble reaching this goal. They would like to increase Chinese GDP, using either fiscal or monetary policy. In our class, we have looked at the IS-LM –BOP framework to explore the effects of such policies on an economy. Use this framework to analyze policy choices in China. In particular:

1. What if China moved to a flexible exchange rate? Still assume perfect capital mobility

1. What would expansionary fiscal policy do for China? Use the IS-LM-BOP framework to analyze the effects on GDP, interest rates, and other indicators. Be sure to both draw the IS-LM-BOP AND explain these effects. Include changes to Y, i, P and other important indicators.

2. What would expansionary monetary policy do for China? Use the IS-LM-BOP framework to analyze the effects on GDP, interest rates, and other indicators. Be sure to both draw the IS-LM-BOP AND explain these effects. Include changes to Y, i, P and other important indicators

Correlations

1. A correlation is a:

2. A perfect positive correlation of +1.00 means that:

3. A correlation of .00 means that:

4. A correlation of -1.00 means that:

5. The frequencies on a communication task are listed below. The hypothesis being tested is also provided. Fill out the chart below and follow the 12 steps on page 348 to compute the correlation coefficient (r), test r against its critical value at the .05 significance level, answer the hypothesis, and interpret your findings.

H_alt:      When people are giving directions, the number of hand movements will be positively correlated to the number of facial expressions.

1. Step 6:
2. Step 7:
3. Step 8:
4. r =
5. df =
6. Critical r =
7. Interpretation:

A 26-year-old male prisoner begins a hunger strike to protest what he considers unfair prison policies. He drinks only tap water, and his only exercise is two daily half-hour walks at approximately 2.5 miles/hr. The temperature in his cell is maintained at 220C. His starting weight is 70 Kg, of which 14% is body fat. At the end of 4 weeks, he is urged by the prison physician, family, friends, and his attorney to stop his fast because of his deteriorating conditions.

a. What changes in plasma levels of energy substrates would occur in the first 3 days of his fast?

b. On what immediate and on what ultimate sources of energy would brain metabolism depend?

c. What role would the liver play in providing energy sources to the brain and muscles?

d. What early changes in plasma levels of hormones would occur? How would this regulate his energy metabolism?

e. What physiologic events would occur when he stopped his fast by drinking a large quantity of a high glucose fluid?

Match each of the following terms to the appropriate definition.

The answers for each one are one of these, Least squared regression method, Fixed Costs, Incremental Analysis, Relevant Range, Mixed Costs, Operating Leverage, Margin of Safety, Variable costs, and Contribution Margin per Unit

Consider the market for Drug A, which is produced by a price-taking firm that receives a price of $100 from the industry market and decides, considering only private costs, to produce a quantity of 200 units. These decisions were guided by the firm’s goal, as always, to maximize its profits.

A government regulatory agency is contacted about significant water pollution that occurs as a result of production of Drug A. The agency examines the market and concludes that the social marginal cost for Drug A is $120 per unit when 200 units are produced. It further concludes that, were social and private costs both considered in making the output decision, 150 units would be produced instead of 200. The government therefore requires the manufacturer to produce 150 units instead.

Answer the following questions:

1. Draw a graph for the firm described, including all of the above information.
2. Calculate the reduction in total spending that occurs when the quantity produced changes from the amount the firm originally wanted to produce to the amount recommended by the regulatory agency.
3. Calculate the reduction in social costs that occurs when the quantity produced changes from the amount the firm originally wanted to produce to the amount recommended by the regulatory agency.

Arizona News Central--EPA’s new clean-water rules hit Arizona, Southwest hardest

WASHINGTON –January 24, 2020-- Clean-water rules unveiled Thursday by the Trump Administration remove the vast majority of Arizona’s waterways from federal oversight, a change environmentalists call bad news in a region where water is super precious and the population is growing. The newest action sparked months of controversy after the Trump Administration officially proposed the change last February. An EPA science advisory board criticized the action that this newest attack on the environment will spoil much of the state’s remaining water supply.

2A. Below construct a market for Arizona water labeling supply and demand with subscript “1” and that the supply of water is fixed.

2B. Write a phrase from the article that speaks to two factors changing the market for water in Arizona.

2C. Return to the market above and make changes to the market consistent with information in the article. Label all new curves and new equilibrium price and quantity with subscript “2”.

2D. Give an economic justification for changes made to the market. (Note: An economic justification is a reason for moving a curve in a market.)

Creat a program that is part of a control system for a house. Create two Boolean variables: doorUnLocked and lightOn. Set both to false. Create an int variable: currentTemp. Set the currentTemp value to 70 Create two more Boolean variables: heatOn and coolingOn. Set both of these values to false. Ask the user if they want to unlock the door, turn on the light and what value the temperature should be. If they want to unlock the door, set doorUnlocked to true. If they do not want to unlock the door, set the doorUnlocked value to false. If they want to turn on the light set lightOn to true. If they do not want to turn on the light set the lightOn to false. For the desired temperature value, if the desired value is the same as the currentTemp, do nothing. If the desired value is less than the currentTemp set coolingOn to true and heatOn to false. If the desired value is more than the currentTemp set heatOn to true and coolingOn to false. Display the state of the door (locked or unlocked), the state of the lights (on or off) and the desired temperature and the current temperature. Ask the user if they want to make changes. If they do, loop back and ask for all three values again. If no changes are desired, end the program.