The last part of the test will all be addressed together as one piece. Consider an economy with the following data. This economy measures performance in the same way that the United States Economy measures performance.  Interpretation for these variables should be completed using the definitions we have discussed in this class. You are tasked with assisting the Federal Government and the Federal Reserve in designing policy to affect this economy.  Year Population CPI GDP 2020 47,649 1.00 $1,596,765,365 2021 53,899 1.10 $1,580,711,141 2022 54,016 1.28 $1,640,912,358 2023 55,185 1.37 $1,669,124,467         Year Employed Unemployed Institutionalized 2020 43,395 2,021 1,001 2021 43,971 2,931 1,190 2022 44,297 3,501 1,237 2023 45,648 2,911 1,270

Fiscal Policy/Monetary Policy Problems and Interactions What effects or problems could these two policies have? How would they interact? (Hint: This is not the only thing you should address here.  However, you should definitely include something about the market for loanable funds. This is the market where everyone borrows money.)

We have decided to restructure the current work week as we think it leads to unhealthy levels of  stress, burnout, and overload for adults. We have given the option to either have individuals continue with the current model of working 5 days (2 at home, 3 in office) or the option of  4 10-hour days (completely in the office). We want to determine what will lead to greater productivity, reduced absenteeism, and less stress. Please define and provide an example of Type 2 error. How concerned should we about this in this scenario? Why?

What is Mark Twain’s Gilded Age a reference to?

We have decided to restructure the current work week as we think it leads to unhealthy levels of  stress, burnout, and overload for adults. We have given the option to either have individuals continue with the current model of working 5 days (2 at home, 3 in office) or the option of  4 10-hour days (completely in the office). We are determining the efficacy of a program with costs and outcomes with the costs of achieving tangible outcomes. What is this known as?

What was one element that was essential for creating massive urban growth in the late nineteenth century?

We want to determine if having flexible assignment due dates reduces stress in college classes. In our History of 2020s class, the material is the same, but the due date and late policy differ across two sections of the class. In the intervention group, this class section has flexible assignment due dates and a lighter late policy. In contrast, the control group class section has set due dates and stricter late policy.  If  the flexible late policy does result  in decreased stress, this will result in a significantly higher quality of life and improved life satisfaction. What measure of economic efficiency are we using?

The third African American to represent the state of Alabama in Congress was___________________.

African Americans considered moving from the rural South  for the urban North following the Civil War to escape the discrimination against them in the South.

We have decided to restructure the current work week as we think it leads to unhealthy levels of  stress, burnout, and overload for adults. We have given the option to either have individuals continue with the current model of working 5 days (2 at home, 3 in office) or the option of  4 10-hour days (completely in the office). We want to determine what will lead to greater productivity, reduced absenteeism, and less stress. Please define and provide an example of interfering effects. How concerned should we about this in this scenario? Why?