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When Bill Clinton took office in January 1993, he faced two major economic problems: a large federal budget deficit and high unemployment resulting from a very slow recovery from the recession of 1990 to 1991. In his first State of the Union message, the president called for spending cuts and substantial tax increases to reduce the deficit. Most of these proposed spending cuts were in the defense budget. The following day Alan Greenspan, chair of the Federal Reserve Board of Governors, signaled his support for the president's plan. Many elements of the president's original plan were later incorporated into the deficit reduction bill passed in 1993.
a. Some said at the time that without the Fed's support, the Clinton plan would be a disaster. Explain this argument.
b. Supply-side economists and monetarists were very worried about the plan and the support it received from the Fed. What specific problems might a monetarist and a supplyside economist worry about?
c. Suppose you were hired by the Federal Reserve Bank of St. Louis to report on the events of 1995 and 1996. What specific evidence would you look for to see whether the Clinton plan was effective or whether the critics were right to be skeptical?
Design a comparator circuit that indicates when two 4-bit binary numbers are equal. Indicate with an LED when two inputs are equal. a. write the binary equations for the circuit's description. b. Using appropriate ICs, draw a schematic that implemen..
a 20 mH inductor with an internal resistance of 20 ohms is connected in series with a capacitor and a voltage source with a thevenin resistance of 60 ohms. a. what value of C will be needed to produce Wo = 6 krad/s
Given the function F(a,b,c,d)=a'b+ad'+ab' a) Design a minimum two-level NOR-gate network to realize the above function. b) Design a minimum three-level NOR-gate network to realize the above function.
What kind of wireless networking alternative makes the most sense when considering network links that span an appreciable portion of the globe?
1.for the unity feedback control system with an open-loop transfer function shown below ltbrgt
Show that a Miller integrator implemented with an op amp with open-loop gain A0 has a low-pass STC transfer function. What is the pole frequency of the STC function. How does this compare with the pole frequency of the ideal integrator.
A 1.8-kW electric heater takes 15 min to boil a quantity of water. If this is done once a day and power costs 10 cents/kWh, what is the cost of its operation for 30 days
Two capacitors, one 6.6 µF the other 29 µF, are connected in parallel across a 12 V battery.
if the power factor of the motor be changed to 0.866 lagging. - Determine the reading of the two wattmeters, the total power remaining unchanged.
A transmission line of char. Impedance 100ohm is used to match a 50ohm section to a 200 ohm section. if the matching is to be done both at 429MHz and 1GHz the length of the transmission line can be approx?.
Given an AC input voltage of Vrms = 200Vrms and a sinusoidal frequency of omega = 120pi rad/sec, determine the following: V1peak (peak value of AC input voltage) V1(peak-to-Vpeak )(peak to peak value of AC input voltage) Frequency of input voltage V..
Assume that you have two DC voltage sources of 1.5 volts each (like two AA batteries). The positive terminals are wired together (joined together) and the negative terminals are labeled A and B respectively.
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