Premium Essay

Macroeconomics12Th Ed

In:

Submitted By bwaites
Words 628
Pages 3
CH 14

1). a). IS Curve I: 8800-25(4)-25(4)-25(4)-25(4)-20(4)-20(4)-20(4)-15(4)-15(4)-10(4)= 8,000 IS Curve II: 8400-5(4)-5(4)-5(4)-5(4)-10(4)-15(4)-15(4)-15(4)-20(4)= 8,000 b). IS Curve I: 8800-25(3)-25(4)-25(4)-25(4)-20(4)-20(4)-20(4)-15(4)-15(4)-10(4)= 8,025 Quarters 2 thru 10 for Real GDP is 8050, 8075, 8100, 8120, 8140, 8160, 8175, 8190 and 8200. IS Curve II: 8400-5(3)-5(4)-5(4)-5(4)-10(4)-15(4)-15(4)-15(4)-20(4)= 8,005 Quarters 2 thru 10 for Real GDP is 8010, 8015, 8020, 8025, 8035, 8050, 8065, 8080 and 8100. c). IS Curve I: Real GDP increases by 200 billion. IS Curve II: Real GDP increases by 100 billion. d). IS Curve I: Takes four quarters or 12 months, for real GDP to increase 100 billion or ½ of total increase in real GDP. IS Curve II: Takes seven quarters or 21 months, for real GDP to increase 50 billion or ½ of total increase in real GDP. e). IS Curve I looks like economy response prior to 1991. Increase in output with response to decline the interest rate which is larger than the IS Curve II. ½ total increase in output which occurs sooner than IS Curve I when compared to II. IS Curve II looks like economy response since 1991. The reason I resembles response prior to 1991 interest rate for the first 6 quarters which are larger than Curve II. f). The answers from b through d indicate that the rise is less than Curve I for first 7 time periods for increase in interest rates. The changes for the interest-rate multipliers and policy effectiveness lag show that the monetary policymakers need to change interest rates more to react to the given demand shock.

CH. 17

3) a). The economy will be long-run equilibrium because the expected price level and the actual will be at 1.0 as the real exchange rate is just temporary and AD returns to the original level.

Similar Documents

Free Essay

Adam and Truman

...Blast from the Past and The Truman Show both depict the story about men growing up in an artificial world. Since they are born, they live in a world that is created by others and they do not contact with the real world. However, both of the men in these two movies do not give up their dreams and they are determined. They are eager to get out of the present situation and they have a strong desire to live in the way they like. Finally, through their efforts, they shake off the shackles and both of them lead a free and happy life. Also, there is an interesting thing appears in both movies that the Christian image is mentioned. In Blast from the Past, each time Adam’s family ascent to the ground, the druggies who are religious acolytes are pious and reverent to them, thinking Adam’s family are Father and Son. In The Truman Show, after the vicious storm, Truman emerges from the water in a cruciform position which represents the Jesus after being tortured. Although the style of the two movies is similar, there are a lot of differences between them. First of all, Adam lives in a world full of love and what around him is the beautiful and positive aspect of life. Since he is born, his parents, who are the only person that he can contact with, tell him what the real world is. Moreover, his parents teach him dance, languages and sports. He learns from his parents to be modest, kind and a man of morality. Although his parents create an unreal world for Adam, they are not on...

Words: 883 - Pages: 4

Premium Essay

Ed Gein

...Abnormal Psychology 2300 The Diagnosis of Edward Gein Rainy River Community College Delaney Peters 13 November 2013 Edward Theodore Gein was born to Augusta and George Gein on August 27th, 1906 in La Crosse, Wisconsin. Edward had an older brother named Henry. George Gein was a violent alcoholic who was frequently unemployed. Augusta on the other hand followed to a different beat she was a very religious individual whom had very harsh opinions on other women. Often times, Augusta would refer to other woman as prostitutes and instruments of the devil. According to Dr. George Arndt, a psychiatrist that studied the case of Edward Gein, Augusta’s obsessive and negative perspective on women rubbed off on her children, more specifically on Edward. She reserved time every afternoon to read her children verses from the bible, usually selecting graphic verses from the Old Testament dealing with death, murder and divine retribution. Without surprise, Edward himself became a target for bullies. Classmates and teachers recalled off-putting mannerisms, such as seemingly random laughter, as if he were laughing at his own personal jokes. Despite his poor social development, he did surprisingly well in school and was often viewed as an average academic student. Many sources cite that Edward’s mother Augusta often beat her children because she was convinced that they were going to become just like their father, a drunken failure...

Words: 2336 - Pages: 10

Free Essay

Animal Farm

...Comparative essay- Animal Farm Animal farm- Paragraph 1- manipulation by the pigs State they are educated elite, use intellectual superiority to manipulate the other animals. Quote shows them as apathetic and meddlers. State how Orwell is criticising Stalin and his Government. Paragraph 2- Propaganda by the pigs State Napoleon uses propaganda through squealer to push his ideas and implement his plans. Quote shows that Napoleon uses propaganda to get what he wants. State that Orwell is criticising Stalin’s manipulation of the Russian society a big ally of the propaganda is the animal’s ignorance and false memory Paragraph 3- Power of Napoleon State that Napoleon, whom represents Stalin, only gained and keeps his power through cruelty, treachery and making the other animals scared of him. Show that after the rebellion, Napoleon has taken the place of Mr Jones (seen through quote) State that the quote shows that Napoleon has dominance over the farm like Mr Jones. State that Orwell is criticising that after a rebellion, inevitably someone will rise to power over all and everything will be the same, maybe worse. Quotes- For manipulation- ‘Does it not say something about never sleeping in a bed? ... It says, ‘no animal shall sleep in a bed with sheets.’ (cynicism) For propaganda- When squealer assures the animals about trading with humans- ...

Words: 614 - Pages: 3

Premium Essay

Comparing Truman And The Real World

...At the end of the film we do not see how truman really goes out and experience the real world nor do we see if he goes out to find Sylvia. But my ending of the movie is Truman really does goes out the the done and see the outside world. At the end truman says ‘’In case i don't see ya. Good evening, good afternoon and, goodnight.’’ Then he walks out and when Truman finally walks out he goes thru people trying to stop him on the way out of the done, like for the last time making a last try of making him stay. He finally gets past them and out into the real world. When he gets out into the real world he sees every thing bright and big and noisy. See so many different things he does know what to do. He finally found Sylvia and they moved far far...

Words: 345 - Pages: 2

Premium Essay

Edward Gein Research Paper

...wants me to be real nice and sweet, and the other part wonders what her head would look like on a stick.” According to a recent study, five percent of Crane High school students have heard of this psychopath. This paper is based solely on the unbelievable yet intriguing crimes Ed Gein had committed when he was alive. He was a very unusual human, born on a farm and raised by a mother who was rather intimidating. In forty years his mother passed and he was left to take care of the farm all by himself. In the next few years he was to become a grave robber, a cannibal, a necrophiliac, and he took up arts and crafts in body parts. He is seen as probably the most weird and bizarre serial killer of the twentieth century, and probably...

Words: 2160 - Pages: 9

Premium Essay

John Steinbeck's Cannery Row

..."Cannery row" offers a fresh look at the representatives of the disadvantaged part of the population of the United States during the Great Depression. It's about all sorts of marginal individuals. For J.Steinbeck, who felt all the delights of the 30s, this work "is a poem", a poetic memory of those long-gone times. In the prologue, the author describes us the strange magic of Cannery Row, its monotonous, but at the same time charming everyday life. Moreover, he tackles the problems of poverty and wealth, survival in times of crisis and resposibility for your past, friendship and love. But the real life of this coastal area is carried out when factories do not work, that is, from evening till early morning. The most interesting events that...

Words: 267 - Pages: 2

Free Essay

Hangover Part 2

...The hangover 2: “It happened again”. The hangover has begun, oh yes it has. The tragic trashed trio have yet again repeated their actions from the first film, where they woke up in a chaotic Las Vegas suite with no memory of what happened the night before at all. But this time, they’d done even worse, and lost their friend Teddy, whose disappearance has totally broken his sister’s husband-to-be, Stu (Ed Helms). The wedding was to be in a couple of hours in one of the world’s amazing and exotic places, Thailand. Although Stu had decided to have a subdued bachelor party due to the unforgettable bash 2 years ago in Las Vegas, Stu is taking no chances and has opted to have a quiet bachelor party. However, this did not satisfy the boys, especially Phil(Bradley Cooper) and so instead, they have a buttoned up pre-wedding drink, and before they know it, they wake up totally demolished inside and out in Bangkok in a cruddy hotel with amnesia, AND with one member of the party missing which they only realise after checking up on their faces. However the worst has yet to come. They are all fully determined to find their friend Teddy although the circumstances are terrible and they have to meet with a series of humiliating disasters, and gross situations. Déjà vu has attacked them again, and what happened in Vegas was a total disaster, but what happens in Bangkok can’t possibly be...

Words: 251 - Pages: 2

Free Essay

Ed Pulaski

...found a safety place in extreme situation, he took charge and helped his group survive and he sacrifice himself to save others. First, Ed Pulaski did not panic in extreme situation and used his knowledge of the area to hide from the fire. He was a forest ranger and on that day he went to the town for fresh supplies. On the way back he and his group where completely surrounded by the wild fire. There was no place to run. He did not panic and found the solution by using his knowledge of the forest. He decided to hide in the tunnel. Second, he took control of the situation and stopped panic. In the tunnel that was difficult to breath and people were scared and in panic. He ordered them to law down on the ground and stopped people who tried to leave because there was no other place to run outside the tunnel. Also, he realized that the fire would burn wood tunnel support and he found the way by carrying water in his hat. Third, he was responsible for his men and took big risk to his personal safety. While he was protecting his men he was badly injured; however, he continued fighting for his people. In the end, his skin had burned, he got blinded and he was unconscious. As the result, forty-fife people out of fifty survived. In conclusion, there was a big fight between wildfire and people where Ed with his group were winners. They survived because of Pulaski’s knowledge of the area, his strong command position and his brave. Today that place...

Words: 361 - Pages: 2

Premium Essay

Cannery Row

...! Prof. Laffont! ENC1101! Oct 9, 2014! ! Three Key Aspects in John Steinbeck’s Cannery Row Cannery Row was written by John Steinbeck in 1945. The story takes place in Monterey, California sometime between the Great Depression and World War II. The story is based on “his non-teleological acceptance of what ‘is,’ his ecological vision, and his own memories of a street and the people who made it home” (Shillinglaw vii). Steinbeck lived during the Great Depression and his experience affected the tone within the story. Steinbeck chose to write using third person narrative within the story which is an omniscient point of view- this allows the reader to know what the characters are thinking and feeling. The author wrote this story for the soldiers entertainment throughout battle. Steinbeck uses a unique style to construct this novel by periodically incorporating anecdotes and vignettes within the book, which allows the author to paint a overall picture in the reader’s mind of the reality of this time period. The major aspects within Cannery Row are loneliness, suicide and the development of characters. In the story Cannery Row, loneliness can be considered a major aspect of this book. Loneliness describes many of the characters in this narrative- especially the character Doc. Although Doc is much loved by his peers and has many friends, he is lonely. He spends most of his time listening to music on the phonograph. The text explains that “'He was a dark and lonesome looking man'...

Words: 1149 - Pages: 5

Premium Essay

Free College Essays-The Carbonaro Effect

...“The Carbonaro Effect” is a hidden camera television show where a magician, Michel Carbonaro, tricks unsuspecting, ordinary people. All of his performances occur in ordinary locations such as in stores, offices, or schools, and the people Carbonaro tricks are not aware that he is a magician. Carbonaro’s physics- and logic defying illusions produce hilarious reactions from his gullible targets. While Carbonaro’s illusions are certainly entertaining, I feel there is a damper on his magic since I am aware that I am only seeing illusions. However, much of the entertainment of the show comes from the incredulous reactions of subjects as they stand there wide eyed, and open mouthed, taking in the impossible scene they have just witnessed. As I watch...

Words: 388 - Pages: 2

Premium Essay

The Truman Show: Jim Carry

...When I read that we were going to watch The Truman Show, I was so excited. The Truman Show is one of my all-time favorite movies, with one of my favorite actors known as Jim Carry. The Truman Show is based of one that was raised in a society that a producer wanted and created. Everyone involved in this society are actors except Truman, or Jim Carry. This society is a controlled society on that individual. This is a great example how social forces can influence someone’s life and the actions they take daily. This life that Truman is living is built upon social institutions that are created by others, and what a social institute is, “an organized, patterned and enduring sate of social structures that provide guidelines for behavior and help each...

Words: 381 - Pages: 2

Premium Essay

The Importance Of Living In Seahaven

... The first newspaper headline reads, "Seahaven the top town". The headline is trying to convince Truman to stay, that Seahaven is the best town to live in. Other headlines like "Crack down on homeless" affects Truman. The homeless man was his dad, his dad came to see him and when people were told to move Truman away from his father, Truman went after him but couldn't catch up. The newspaper was trying to explained what happened, lying about who it was and trying to calm down Truman. The last head line was "Classified". This newspaper headline was trying to tell people, everything was ok and that every things going to go back to normal after the whole running away and getting caught. The media has influenced us to think differently, to act differently, to accept differently. Advertisements have us thinking we should buy their newest product or their newest clothing because everyones wearing it. The media on tv influences us by how we see things. We see violence on tv and don't think anything about it, because we are prone to think its ok because its just tv. Social media is influencing us by what we should wear or how we should do thing, like our makeup, how to wear clothes, or how to act around people. We are influenced every day, by people, tv, newspaper or magazines, and social media. The media is showing us a different part of our lives thats not us. We are shown something that is something we would do, showing us something different from our true selfs. The audience watching...

Words: 1510 - Pages: 7

Free Essay

Edward Gein and His Murders

...very violent. He never seemed to keep a job and the rest of the family ended up not wanting to live with George anymore. Divorce was not an option for Augusta and George because of their religious beliefs. Soon they left George. Augusta was running the family’s grocery store and when she saved enough money, she purchased an old farm in another town called Plainfield. She particularly liked this spot because it was secluded so there were very few outside influences on her sons. Edward only left home to go to school, where he was bullied because of a slight growth over one eye. Augusta did not allow him to have any friends. If Ed was not at school, he was doing chores for his mother. Augusta seemed to ‘press’ religion on her boys. She preached to them about alcohol and sex and many other things. She also read from the bible every day to Ed and Henry. In 1840, George Gein passed away and...

Words: 793 - Pages: 4

Free Essay

Skit

...Narration Seen 1st Hello everyone , Here we present a skit on corporate office of Kela co-op ltd. This is an organization which sales computers. There is a target meeting going on in the conference hall, where Sushil is heading the meet of his employees. Sushil: hello everyone, Who are we??? Everyone: We are the champions. Sushil: i don’t think we are any more. Did u had a look at sales review of last quarter. Pathetic , kapil what are you doing. Kapil: I tried my best sir. Sushil: I don’t need your best. I need your numbers. Please have a look, there is a continuous decline in your sales Mr Kothari one of the most important client of our company. Kapil: sorry sir. Sushil: you better be. Kalash i was expecting a good number form you that you should have delivered. Kalash: Sir, I won’t let you down this time. Sushil: good job kumar. You are learning well. Kumar: thank you sir. I have been facing lot of problems in recent time. Please help me. Sushil: no worries kumar. You can anytime walk in my cabin . you be with kalash instead of being with kapil stupid. Kapil: BOSSSSS .......!!!! Aakash: ......... Sushil: kapil you better don’t argue with me. We will disperse for today. I Hope i will get better results next time. Seen 2nd As you saw everybody got firing from the boss for there poor performance, those everybody has to pull there socks and perform well. Now there is a vacancy for a post of sales consultant in the organization . the interview has been schedule...

Words: 679 - Pages: 3

Premium Essay

Title IX Gender Equality

...    On the day of June 23, 1972 Title IX of the Education Amendments was enacted by Congress and signed into law by United States President Richard Nixon. On this monumental day, women across the entire United States would no longer be discriminated on the basis of sex. Thirty-seven that would change everything, "No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance." This landmark federal statute was considered the most important step for gender equality since the right to vote given in the 19th Amendment.  Hawaii congresswoman, Patsy T. Mink worked tirelessly by taking a stand to change the rights of women receiving an education also the ability to play a sport they love. She stood firm while promoting justice and equality through being outspoken on gender discrimination as she took her place as the first woman of color and Asian-American elected to Congress in 1965. Congresswoman Mink, co-writer and sponsor of Title IX was honored in October 2002 by President George W. Bush by having Title IX renamed the Patsy Takemoto Mink Equal Opportunity in Education Act.Forty-four years later, this Amendment continues to be battled and questioned in regards to its economic, social, personal opportunities as well as its political impact for women.     Title IX has economic impact by stating schools receiving federal...

Words: 1183 - Pages: 5