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4. On May 21, 2014, Timothy Geithner appeared on The Daily Show with Jon Stewart. The interview can be found at:https://thedailyshow.cc.com/extended-interviews/z9b8f1/timothy-geithner-extended-interviewAfter viewing the interview, please answer the following questions:a. According to Geithner, What is the first obligation of the government during a financial crisis?b. Who were the arsonists?c. How does the recovery from the 2008 recession in the United States compare to others around the world in the last century?d. How did fiscal policy contribute to the slow recovery?. e. Why was the panic in 2008 so severe?f. What is capture?g. Why were banks bailed out rather than homeowners?
Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or po..
Suppose that Total Revenue = 100Q and Total Cost = 30 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4.
according to naeyc effective practices involving technology allow children to explore digital materials in the context
In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed. A. What is the country’s unemployment rate? B. W..
What is the key assumption needed to show how one can construct a numerical utility function out of just a preference ordering? Don't just draw a picture; explain what the assumption means and apply it to show how to construct that numerical util..
Presume an individual lives two periods. In period 1 she works full time and makes $100. In period 2 she enters partial retirement and makes $20. She can borrow and save at the constant, risk-free interest rate r. Draw her budget constraint. Label th..
Identify at least four policies from the textbook that the government has created to impact economic growth and productivity. Evaluate whether each item has enhanced or diminished your quality of life, and make any appropriate recommendations that mi..
A town in the middle-of-nowhere is built up around a large 100 meter hill. Since the hill is in the center of a town, it is proposed at a town-hall meeting that a water tower be placed at the top of the hill
Last year, in a nation far to the South, real GDP was $90 million and 900,000 workers were employed. This year real GDP is $100 million, 950,000 workers are employed, and the number of hours each worker works per year did not change. Hence, labor pro..
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
ace and baumont corporations make and sell electrical equipment. both have to decide whether or not to discount. the
1. general utility maximizationlist the oumlrst order conditions for the following problemfirst ignore the implicit
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