Discuss the revolt of American settlers against the Mexican government. Where did the war begin, and why? What was the dispute about? What is meant by Manifest Destiny, and what role did it play in the war? Do you agree with the concept of Manifest Destiny? Why or why not?
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Joan Chen is a child-care provider at Kind Kinder Kare, Inc. One of the children in her room is three-year-old Ameer Ican. Like many of the children Joan has cared for over the years, Ameer often comes to school dirty and with scabs and bruises. Ameer has a vivid imagination and often tells some pretty preposterous stories. One day, Joan witnesses Ameer angrily strike another child, but, when she confronted him, he denied that he did so. Joan reports this to his mother when she comes to pick him up.
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Describe the normal pathophysiology of gastric acid stimulation and production. Explain the changes that occur to gastric acid stimulation and production with GERD, PUD, and gastritis disorders. Explain how the factor you selected might impact the pathophysiology of GERD, PUD, and gastritis.
Have you ever used the term, “that should be outlawed!” Think of an issue that you believe should be illegal. It can be something light-hearted such as a law against man-buns or wearing socks with sandals. Explain how this cause becomes law. Consider constitutional challenges, both state and federal, support/opposition parties, enforcement policies, and criminal consequences, sentencing and punishment.
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1. Financial frictions are often described in terms of an “interest-rate spread” between a standard government debt (like the 3-month or 10-year treasury bonds) and private debt (like commercial paper, corporate bonds, etc). When would this “interest-rate spread” be high or low? Why?
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Watch the Kobo 360 video, a recorded presentation by someone who started a company. Watch the video and pay close attention to the reason behind the business idea and how it evolved. There is no formal roadmap to becoming an entrepreneur and every journey is unique, but models and methods help us learn and prepare for entrepreneurship. Demonstrate you can analyze how an entrepreneur uses models and common methods in their own situation.
1. How does the evolution of the debt-to-GDP ratio Bt/Yt depend on g (the growth rate) and i (the interest rate)?
2. Consider the steady-state debt-to-GDP ratio bss = B Y = (G − T)/Y g − i
(a) Derive this relationship mathematically. What does this relationship describe?
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Read the statement by Jerome Powell, Chair of the Board of Governors of the Federal Reserve System before the Joint Economic Committee . Mr. Powell says that “Putting the federal budget on a sustainable path would aid the long-term vigor of the U.S. economy”.
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1. On December 22, 2017, the Tax Cuts and Jobs Act (the “TCJ Act”) was passed, cutting the tax rates for corporations very significantly from 35% to 21%.
(a) Using the IS-MP framework, describe what happens to investment and short-run output when there is a large cut in corporate taxes.
(a) The FRED database contains data for Real Gross Private Domestic Investment showing the change in investment year-on-year. Use the FRED database and download the time series. Use quarterly frequency.
(b) In general, has the investment become more or less volatile since 1950?
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1. Inflation is usually understood to mean positive inflation – i.e., an increase in the general price level over time. Given this, what do you think “deflation” means?
2. Using the Fisher equation, describe why deflation can be dangerous. In the context of a recession, explain how a potential “deflationary spiral” would work.
3. If you were the Fed Chairman, how would you respond to deflation?
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