Entries by Grace Qui

U.S. GDP

Are the following included in U.S. GDP? Briefly explain why or why not: a. Used textbooks sold at your college bookstore b. Used books sold at a garage sale c. Cars made in the United States at a Toyota factory d. Cars made in Germany at a General Motors factory e. The price paid by […]

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October 10, 2020 by

probability distribution

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October 10, 2020 by

supply of and demand for loanable funds

Predict the effect of each of the following events on the supply of and demand for loanable funds (increase, decrease, or no effect on supply; increase, decrease, or no effect on demand). What would be the likely effect on interest rates? a. Television newscasters convince most people that the end of the world will occur […]

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October 10, 2020 by

ECONOMICS QUESTIONS

Reconsider your answer to Facts and Tools question 3. If you wanted to draw the long-run aggregate supply curve accurately, taking into account the idea that very high rates of inflation are likely to reduce real growth, how would you draw the long-run aggregate supply curve? a. Would you draw a perfectly vertical curve, a […]

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October 10, 2020 by

GDP

In the chapter, we discussed how intertemporal substitution can amplify a boom by causing people to work more and by causing more people to work (while the reverse is true in a recession). Capital is also subject to intertemporal substitution. For example, it’s possible to run a factory at close to capacity in one period, […]

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October 10, 2020 by

multiplier effect

According to recent estimates by Susan Woodward and Robert Hall, an extra dollar of government purchases raises GDP by one dollar—so there is little evidence for a “multiplier effect” in the short run, but also little evidence for “crowding out” in the short run. (Perhaps both effects are at work, but they just happen to […]

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October 10, 2020 by

purchasing power parity theorem

According to the purchasing power parity theorem, what must be approximately equal across countries: the nominal exchange rate or the real exchange rate? When people “buy government bonds,” are they borrowing money or saving money? If the U.S.-debt-to-GDP ratio were 100% and if the interest rate on the debt were 5% (not far from the […]

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October 10, 2020 by

Improve the physical activity status and food choices of employees in participating worksites.

The goal of your program is to “improve the physical activity status and food choices of employees in participating worksites.” Define outcome and process objectives and write both an outcome and a process objective relevant to your program goal. Identify the various levels of change that may be needed to elicit behavior change in the […]

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October 10, 2020 by

labelling bill

A state dietetic association was interested in introducing a restaurant menu labeling bill that would extend current federal food labeling requirements to non-chain restaurants in the state during the state legislative session. After two years, a menu labeling bill for nonchain restaurants was signed into law. Describe the probable sequence of events for such a […]

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October 10, 2020 by

wellness policies

Imagine you work for a local health department, and it is part of your work assignment to provide assistance to schools working to improve their wellness policies. You notice varying levels of implementation of the policies that have been written for many of the schools. In some classrooms, the teachers are enforcing the policies and […]

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October 10, 2020 by