If you were a member of the Federal Reserve board of​ governors, and you saw that the economy was sliding into a​ recession, which of the following actions would you MOST likely​ recommend?

A.

Sell U.S. government bonds in open market operations.

B.

Raise the discount rate.

C.

Implement fiscal policy.

D.

Raise the reserve requirement.

E.

Buy U.S. government bonds in the open market.

In early 2012, the spot exchange rate between the Swiss Franc and U.S. dollar was 1.0404 ($ per franc). Interest rates in the U.S. and Switzerland were 0.25% and 0% per annum, respectively, with continuous compounding. The three-month forward exchange rate was1.0300 ($ per franc). What arbitrage strategy was possible? How does your answer change if the exchange rate is 1.0500 ($ per franc).

Between 2008 and 2013 the United States fell from 5^th to 10^th place in the Heritage Foundation’s World Ranking of Countries with the Most Economic Freedom. In 2017, Hong Kong, Singapore and New Zealand respectively hold the top 3 spots for being economically free and the U.S. ranks 17^th. Briefly explain why the U.S. has continued to decline in its respective world ranking.

Do you think the reduction or elimination of tariffs and nontariff barriers between the U.S. and the EU as was proposed through the Trans-Atlantic Trade and Investment Partnership would have increased demand for U.S. goods and services in Europe and make European goods and services cheaper for Americans? In the face of a global recession is it wise for nations to begin raising tariffs and increasing subsidies to domestic producers? Why or why not?

The average length of a maternity stay in a U.S. hospital is said to be 2.2 days with a standard deviation of 0.9 days. We randomly survey 80 women who recently bore children in a U.S. hospital.

B)Give the distribution of

X.

(Round your standard deviation to two decimal places.)

C)Give the distribution of ΣX. (Round your standard deviation to two decimal places.)

According to a report by the Commerce Department in the fall of 2004, 20% of U.S. households had some type of high-speed Internet connection. Let N_n denote the number of U.S. households with a high-speed Internet connection in n households. What is the probability that 20 of the first 200 households surveyed have high-speed Internet given that 5 of the first 75 households surveyed have it?

1 - Consider our readings over the past few weeks on U.S. isolationism and the lend-lease policy: why was it necessary for the United States to adopt the artifice of “lending” war supplies to Germany’s enemies? Why could they not just be “given” as aid? How does this reflect a different political environment than today, where the U.S. gives military aid to roughly 150 different countries annually?

Allocating resources in education is important. Based on the recent PISA test score results, students in China on average score higher than students in the U.S. Carefully design an experiment to provide policy recommendations on how to improve students’ performance in the U.S. Clearly state what questions you are trying to answer, and how your control and treatment group will help you answer those questions.

The following is market information:

If you have $250,000 and use covered interest arbitrage for a 90-day investment, what will be the amount of U.S. dollars you will have after 90 days?

Use the following data to work Problems 1 to 4:

The following events have occurred in the history of the United States:

• A deep recession hits the world economy.
• The world oil price rises sharply.
• U.S. businesses expect future profits to fall

Explain the separate effects of each event on U.S. real GDP and the price level, starting from a position of long-run equilibrium