Problem Set # 4 [75 Points] Econ 305 – Prof: Henry Terrell Due: May 9th‚ 2008 before 9:00 AM Name: ID: TA: Problem 1 [25 Points] Consider the following extended classical economy (in which the misperception theory holds): AD Y=600+20(M/P) SRAS Y=YFE +2(P - Pe) Okun’s Law (Y-YFE)/YFE=-2(u-unr)
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Chapter 1: Page 20; Questions - 4‚ 7‚ 9‚ 10‚ 11 4) What are the key elements of the scientific method and how does this method relate to economic principles and laws? The key elements of the scientific method are the observation of real world behavior and outcomes. Based on those observations‚ formulating a possible explanation of cause and effect which is a hypothesis. Next‚ testing this explanation by comparing the outcomes of specific events to the outcome predicted by the hypothesis. Then‚ accepting
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How successful were Mao’s economic policies? One of the major reasons for why the GMD lost the civil war was because of their economic mismanagement‚ which then left the same problems for Moa and his government to deal with. So it is worth pointing out that it was not Mao who started the economic mess‚ but whether he helped to clear it up is what I hope to find out. The problems he faced included the hyper inflation‚ mass poverty across the country and a large debt owed to the west. Mao’s aims for
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2011 H1 Economics Prelim Questions Raffles Institution With the help of a diagram‚ analyze the effects of China’s increasing control over rare earths mines on the Japanese economy. To what extent would China’s reduction in the export of rare earths pose a challenge to the West’s march toward a greener future? Evaluate the effectiveness of the Chinese’s government’s intervention in the market for rare earths To what extent do you agree with the view that the US trade position with China over
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Ohio v. Robinette‚ 519 U.S. 33 (1996) JUDICIAL HISTORY Robinette unsuccessfully tried to suppress marijuana and MDMA found in his vehicle. He then pleads no contest‚ but was found guilty. Robinette appealed that the search resulted from an unlawful detention in violation of the Fourth Amendment. FACTS Robinette was stopped for speeding. After running his license through the system‚ Robinette was issued a verbal warning from the officer. The officer then asked Robinette to step out of the
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playing the sports that drove our dreams. Some of us‚ let’s face it‚ accepted coming towards higher education because our parents told us we had to. For me‚ however‚ there was another reason in which I am not alone. When I first came to Tarleton State University I was freshly home from a tour in Afghanistan. I was raw‚ angry‚ hurting‚ and lost. I had lost my vision for my future. My intention when I enrolled at Tarleton was not to pursue the next step or even to find the next step‚ but instead it
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What is Elasticity? - Elasticity refers to the degree of responsiveness in supply or demand in relation to changes in price. If a curve is more elastic‚ then small changes in price will cause large changes in quantity consumed. If a curve is less elastic‚ then it will take large changes in price to effect a change in quantity consumed. Graphically‚ elasticity can be represented by the appearance of the supply or demand curve. A more elastic curve will be horizontal‚ and a less elastic curve will
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Universities London has the largest student population of any British city‚ although not the highest per capita. Universities in London may be divided into two groups: First‚ the federal University of London‚ which‚ with over 120‚000 students‚ is the largest contact teaching university in the United Kingdom (smaller only than the distance-education Open University) and one of the largest Universities in Europe. It comprises 19 colleges and 12 institutes‚ as well as a distance-learning External
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4‚ 1970‚ four students at Kent State University in Ohio were killed‚ another student was paralyzed‚ and eight others were wounded as a result of the United States National Guard opening fire into a crowd of peaceful college war protestors. The four killed were Allison Krause (age 19)‚ William Schroeder (age 19)‚ Jeffrey Miller (age 20)‚ and Sandra Scheuer (age 20). Immediately after this massacre‚ Neil Young‚ a war protestor himself‚ composed a song called “Ohio”‚ which later became an anthem known
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Governance at University of the Southeast Date: - 03/12/2014 Critical Facts:- · Supported by the Information Technology‚ University of the Southeast was among the largest growing universities in the United States (Saunders‚ 2013). · The University used IT governance in lecturing capturing tools & technology to provide lecture to the students at varied places & made lectures independent to the physical classrooms (Saunders‚ 2013). · In University of the
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