Consider the Keynesian Model for the Open Economy with Government:

Planned Expenditures: AE = C + I + G + X - IM

Consumption: C = 435 + 0.72 (Y- T)

Net Tax Revenue: T = 130 + 0.26 Y

Gross Investment: I = 675

Government Expenditures: G = 540

Exports: X = 545

Imports: IM = 110 + 0.12 Y

Potential Output: Yp = 3,550.742

Section 1: Model Questions

Part 1. What is the slope of the AE curve?  

Part 2. What is the vertical intercept of the AE curve?

Part 3. Calculate the equilibrium ouput (Y^e).

Part 4. Calculate the change in Government Expenditures (ΔG) required to close the output gap (Yf-Ye).   

Part 5. Calculate the change in autonomous Taxes (ΔTo) required to close the output gap (Yf-Ye).

Assume a Ricardian (Comparative Advantage) place. Also assume that Southland requires 8 hours for laptop computers and 2 hours for desktop computers, while the rest of the world (RoW) needs 4 hours for laptops or 2 hours for desktops. Each country has 1000 labor hrs. available. Additionally, assume these countries decide to open for trade and they specialize in products that they have comparative advantage.

What is ToT (terms of trade) for one desktop computer?

A) 0.25 < ToT < 0.5 (< signs are greater than or equal to, not < in A, B and C)

B) 2 < ToT < 4

C) 4 < ToT < 2

D) All of the above

Define knowledge management and how it has evolved.

We are in the midst of a global pandemic that has caused a stock market crash and has the potential to cause a massive macroeconomic crisis such as another Depression. What monetary and fiscal policies do you recommend to help this situation caused by COVID-19. Your answer should be 2-3 paragraphs long.

Write a java program calls the following methods:

a. printStars(): Takes an int (n) as parameter and prints n stars (*) using for loop.

ex.

6

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1. (30) True or False (explain your answer briefly. A simple "true" or "false" without
explanation will get zero point)
a) (6 points) An upper stream manufacturing rm merges with another downstream distri-
bution firm so as to engage in price discrimination. Such a vertical merger will decrease all
consumer'swelfare.
b) (6 points) Two firms merge together, only if the transaction cost must be reduced.
c) (6 points) Specic human capital is a barrier of vertical integration.
d) (6 points). The benet of coordination gives rise to vertical integration.
e) (6 points). Social welfare decreases after two firms merge with each other.

1a.

A "political business cycle" suggest that:

Multiple Choice

• cyclical swings in the economy are produced by the inherent instability found in capitalist economies.

• there is a trade-off among goals that tends to make the economic policies of state and local governments procyclical.

• the tools of fiscal policy may be used for political gains and reelection.

• the cyclically adjusted budget is a better indicator of the state of the economy than the actual budget.

1b.

What are the goals of fiscal policy?

Multiple Choice

• Increase deflation and increase nominal GDP.

• Increase profits and reduce expected returns.

• Control inflation and promote full employment.

• Increase nominal wages and reduce real interest rates.

1c.

From the information provided, determine whether you are given an Aggregate Supply or Aggregate Demand Schedule and, if Aggregate Supply, the time frame associated with the price level and output. HINT: You may want to plot out the points on a graph.

Multiple Choice

• Aggregate Demand

• Short Run Aggregate Supply

• Long Run Aggregate Supply

• Immediate Short Run Aggregate Supply

Reaction about The Ethics of Epidemics and the current global pandemic

Background: Island Palms General Hospital (IPGH) is in the process of joining BeachNet—a health information exchange (HIE) organization in the community. IPGH will need to incorporate new policies and procedures for governing health information that will be exchanged with BeachNet. Instructions: You work at IPGH and have been asked to chair the Information Governance Steering Committee. Using correct grammar and complete sentences, please respond to the following: 1. Identify the characteristics of health information exchange organizations. 2. Explore the relationship of information governance (IG) to HIE organizations. What concerns do you have regarding information sharing? 3. Which organizational stakeholders would you recommend be on the IG team/council? 4. You are revising your department’s strategic plan to include IG and HIE organizations. What goals would you include for those strategies? 5. Defend the position that information is an organizational strategic asset. 6. Explain the importance of having an information governance plan in place to manage an organization’s information assets.

Explain why profits are largest when mc=mr and not when mr>mc ? and is there a difference between sales revenue maximizing and profit maximizing?

marketing essay

Social networking sites are fast becoming corporate resources. Consider how Facebook may be used by an organization. Can you think of different ways in which organizations such as Coca-Cola, KFC, or Bank of America can use social networking? What are network effects?  

If you were the chief executive officer of a Fortune 500 company, would you be comfortable using social media sites like Facebook or LinkedIn as part of your CRM strategy? Why or why not? At least 250 words.

In this problem, we use your critical values table to explore the significance of r based on different sample sizes. (a) Is a sample correlation coefficient ρ = 0.82 significant at the α = 0.01 level based on a sample size of n = 3 data pairs? What about n = 14 data pairs? (Select all that apply.) No, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 14 and α = 0.01. No, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 3 and α = 0.01. Yes, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 3 and α = 0.01. Yes, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 3 and α = 0.01. Yes, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 14 and α = 0.01. No, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 3 and α = 0.01. Yes, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 14 and α = 0.01. No, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 14 and α = 0.01. Incorrect: Your answer is incorrect. (b) Is a sample correlation coefficient ρ = 0.42 significant at the α = 0.05 level based on a sample size of n = 18 data pairs? What about n = 26 data pairs? (Select all that apply.) Yes, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 26 and α = 0.05. No, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 18 and α = 0.05. Yes, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 18 and α = 0.05. Yes, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 26 and α = 0.05. No, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 26 and α = 0.05. Yes, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 18 and α = 0.05. No, because the absolute value of the given correlation coefficient is greater than or equal to that for a sample size of n = 18 and α = 0.05. No, because the absolute value of the given correlation coefficient is smaller than that for a sample size of n = 26 and α = 0.05. Incorrect: Your answer is incorrect. (c) Is it true that in order to be significant, a ρ value must be larger than 0.90? larger than 0.70? larger than 0.50? What does sample size have to do with the significance of ρ? Explain your answer. No, a larger sample size means that a smaller absolute value of the correlation coefficient might be significant. No, sample size has no bearing on whether or not the correlation coefficient might be significant. Yes, a larger correlation coefficient of 0.70 means that the data will be significant. Yes, a larger correlation coefficient of 0.90 means that the data will be significant. Yes, a larger correlation coefficient of 0.50 means that the data will be significant.

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, inflation in the short run will

1. Drop to 0%

2. Remain the same

3. Increase

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, inflation in the long run will

1. Drop to 0%

2. Remain the same

3. Increase

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, consumption and investments will

1. Drop to 0%

2. Remain the same

3. Increase

How will open market purchases affect the economy short run GDP

1. Go up

2. Not change

3. Not enough info to answer