Literature Research Essay
This written assignment requires students to formulate a specific topic according to their own interests and preferences that engages with the overall anthropological focus of the course. Selecting their personal topic – i.e. on changing marriage patterns in a given community, on same-sex marriage in a given setting, or on ideas about femininity in a given society –, students will then produce a 1500 to 1800 word essay, using at least five (5) academic (mainly anthropological) sources, a maximum two (2) of which can be taken from the course’s required reading texts. APA style will be used for references and bibliography (a style guide is provided for download from the course Moodle site).
This assignment requires you to write a short essay that uses a combination of course resources and academic resources that you will research for yourself. The overall goal is for you to challenge common sense ideas around a given topic relevant to the course and to demonstrate why it is necessary to use a critical anthropological perspective in analyzing this particular phenomenon.
As a next step, you will need to research the available literature on that topic and ascertain that you have enough (and not too much) material to write about that topic and, in so doing, challenge commonsensical notions on that topic by making a valid anthropologically minded argument. What is important here is to demonstrate the difference between popular perceptions of a subject and the more complex and specific reality that anthropological analysis provides.
Anthropology is concerned with correcting misconceptions about culture by using critical and historical perspectives on how societies develop and what that means for people living in them. Your Literature Research Essay allows you to practice your critical anthropological lens by focusing in on one of the key topics of the course, investigating how it presents itself in a social context of your choosing – e.g. in Canadian Inuit society, in the LGBTQ community in Rio de Janeiro, in rural Southern Nigeria, among low-income inhabitants of Paris, in colonial Samoa, etc. At the same time, it invites you to demonstrate how the knowledge conveyed in the course challenges commonly held and often ‘naturalizing’ ideas about sex, gender, the body, sexuality, kinship, or marriage. In order to reach the best possible result in your analysis, try to make your focus as specific as you possibly can – i.e. define your focus as narrowly as your literature will allow.
You will have to use at least 5 different academic sources (book chapters, journal articles, books), most of which should have an anthropological focus. At least 3 of these sources should come from your own independent literature research while the remaining 2 can consist of required readings assigned in class. Films watched in class, e.g., may be used as additional sources. If you intend to use lecture material to support your argument, make sure you actually access the literature referenced in the lecture slides (check the presenter comments on the respective slides); the PDF slides themselves do not count as a viable literature source for your bibliography.

Topic of Paper: Qualitative Article Critique:
Care Seeking Experiences of Undocumented Immigrants

Qualitative article analysis paper and discussion

Analyze this article according to the information in your text. Each student will create a 1500 to 2500 word paper consistent with APA format critiquing the qualitative nursing research article selected. Utilize the grading criteria for a qualitative study critiques posted in the content section of your course. Students will address:
•Overview of the Study, title and abstract/ Global issues
•Introduction to the Study
•Methods Section
•Results Section
•Discussion Section

This assignment will be graded using this objective grading rubric structure. The grade will consist of the elements of the paper critique as well as the performance in conducting the online discussion.

Remember that this is a “critique” and not a summary. Many students make the error of citing the information regarding sampling, design or statistics, straight from the article. The purpose of the assignment is to demonstrate your understanding of the concepts in the reading as translated to the critique assignment. You will lose points in each section if it is not properly critiqued. Check your text thoroughly and follow the guidelines set out in each appropriate chapter. Most chapters have a table that summarized the information required to critique that section. Additionally, your paper must consist of your own original critique, and not a series of direct quotes. Simply writing down direct quotes is not a critique. This should be a critique written in your own words!

North Korean Private market
which was started by women in 1996 as a solution to helping feed their families during the Great Famine. It is a bottem up free market ecomomie and Capatialisitc .this is a topic which does not recive very much attention and is overshadowed by Nuclar weapons, predictions of economic collapes and etc.

the private market is impressive and amazing that the North Korean women were able to do this. It could be a model for other countries who have represive regimes or who are stuck in poverty.

I belive the private market it is the change agent in North Korea and that there is a quite social revoluton taking place in North Korea which we are not paying attention to . There is a middle class or the money mastes as they are known which has developed and seems to be growing as the result of the market. The miliume generation is also important becuse this generation wants to make money and many of their parents own shops in the markets.

I also want to, if possible to present this in the context of North Korea .

We have a Korean concept of self reliance which is vey differnt from the US concept which is one of the things which drive the private market. ( Its not Juche but simular)
In my paper I am not interested in addressing human rights issues, stravation ( North Koreans are currently in the under nuouiised catigory) or putting a lot of attention on Weapons of mass distrution or things that the western medis see as being wierd or sensational.

I wish to go beyond the stero types and propganda that keeps us stuck in our views of North Korea and I want of foucs on the the people and how they have created a economic systeme that allows them to servie with in a difficult goverment sturcture.

I see North Korea as like most other developing nations .It has the same problems as many other countries.

Government Budget Paper
You are required to select a local government (preferred) or state government and analyze their budget based on actual budget documents. They are either available on the state/local government website or you may want to obtain a hard copy of the budget from the state /local budget office.

The paper should include two major sections:

First Section: includes introduction, budget process and format.

Second Section: includes expenditure and revenue trends, managerial and policy conclusions and recommendations.

Detailed guidelines will be provided in the Assignments section of the course, along with a sample of a budget project analysis for your reference.

The paper must be submitted in the following parts by their respective deadlines (see weekly calendar).

Selection of local government
Draft of the first section (overview and budget process/format section)
Draft of the second section (expenditure and revenue trends section)
Final paper submission

A. Assignment
Each student will analyze the budget and budgetary trends for a local government (city or county government). The paper will be formatted as follows:

Overview and budget process and format
Expenditure and revenue trends
Conclusion and Recommendation
Below are the components of the project(see syllabus for due dates):

Selection of government
Draft of the first section (overview and budget process/format section)
Draft of the second section (expenditure and revenue trends section)
Final Paper
The primary source of data will be the budget of the government that you are analyzing. You may be able to get copies of these from the government. Many governments now also have budget documents posted on their Web site. You may also want to review Census data for socio-demographic information about the area. Finally, you might search newspaper indexes to find information on major recent budget issues.

If you work with one or two partners, you may divide the project up in a number of different ways. Generally, all of you will receive the same grade for the project. However, it is possible that grades will vary if one member has not performed adequately, or if one student’s performance is exemplary.

There is no “cookie-cutter” approach to this project. Each government is different, so the focus of the analyses will vary somewhat. The following sections are intended to provide guidelines for you to consider, but your paper may be quite different from this. You are expected to organize the report in the manner best suited to the entity you are studying.

B. Overview and Budget Process/Format
The paper should be written as if you were briefing a new budget director for this government. The new director is moving here from another part of the country, and knows very little about the area or the budget issues. This section should first include a brief overview of the state or locality, including factors/trends that may affect the budget (e.g., location, population, income levels, primary types of employment, etc.)

This section should also address the budget process and the format of the budget. You may include the following, for example:

Is the budget annual or biannual?
What is the fiscal year?
Brief description of the process
Form of government (e.g., a city could be operated by a council-manager, mayor-council, or commission form)
Elected officials (number and term of legislators, executive)
Do citizens appear to play any role in the budget process?
What budget format is used?
Does the executive (e.g., Mayor or Governor) have veto authority?
Does the budget include performance information? If so, does it appear to be primarily related to workload/activities, or results/outcomes?
Does the budget include forecasts for future years, and/or data for prior years?
To what extent do you find the budget document to be a readable communication tool?
What type of budget information, if any, is included on the government’s web site?
C. Expenditure and Revenue Trends
This section will analyze major sources of expenditures and revenues, as well as trends over time. For trends, use the most current budget year available as well as one prior year (most budgets will include data for at least one or two prior years; it will probably be most interesting to use the oldest year and the most recent year for comparison). For the “older” comparison year, you can use either actual or budgeted revenues and expenditures.

Use tables or graphs to help display key information. You should have at least one table for expenditures and one table for revenues, using the same format as the first homework assignment. Some jurisdictions may have a large number of departments and/or revenue sources, so it may be helpful to aggregate some data in your tables (for example, in an expenditure table, you could list the largest departments, then combine the other departments into an “other” category). You may want to show the breakdown of expenditures in different ways, such as the following example:

Table 1

City of Somewhere

2014-2015 Expenditures

2014 Actual

2015 Budget

Change

Amount

% of Total

Amount

% of Total

$ Change

% Change

Expenditures by Department

Personnel

Executive

Public Safety

Other Depts.

Total

Exp. By Fund

General

Utilities

Roads

Total

Exp. By Category

Personnel

Equipment

Other Non-Personnel

Capital

Total

Following are the major questions you should answer regarding expenditures:

What is the total expenditure budget?
It is often helpful to relate this to something else to give the reader some perspective – e.g., how much is this per capita (total budget divided by population)?
Where does the money go?
Which are the largest departments/activities?
Which are the largest funds? (this will require breaking down the total budget by fund).
What are the major sources of growth or decline over this period?
If the budget has increased by $10 million over the past two years, you should be able to explain where most of the increased expenditures have occurred (your tables will tell you which areas have experienced the most change; the message at the beginning of the budget, or detailed discussion within the budget document, may help explain the reasons for the change).
These are the general questions regarding the revenue structure and trends:

Where does the money come from?
What are the primary sources of revenue? (e.g., property tax, sales tax, etc.)
See the note above about aggregating revenue sources in the table if necessary
How much have total revenues changed over this period?
Which revenue sources have experienced the most change over this period? To the extent possible, attempt to explain why the changes occurred.
For major tax sources, try to provide detail on the tax rates, and any pertinent changes in the tax base or rate over the period studied.
D. Conclusion and Recommendation
This section should draw conclusions about the overall fiscal health and future outlook for this government, based on your analysis. Do they appear to be in good shape? Is there structural balance between revenues and expenditures? If they are experiencing fiscal stress, how have they responded to it (e.g., service level reductions, increased tax rates and/or user fees, etc.)? What are the major issues facing this organization in the near future? What effects has the recession had, and/or what difficulties might it present soon? What are the key things the new budget director needs to know?

E. General Notes for the Analysis
In your analysis, start with the numbers. Prepare the tables before you begin writing the narrative about revenue and expenditure trends. The text should follow from the tables.
Look at the BIG PICTURE! Do not spend time discussing a change in a department that is only 1% of the budget.
Document what you say with supporting numbers. For example, do NOT say, “the budget has grown a lot,” DO say, “the budget has grown 5% over this period.”
Do not force the reader to look at and interpret the tables and charts. You need to tell the reader the key points from the table. One way to do this is to pretend that you will not be including the table in the paper, so you have to write as if it will not be there. The tables are there only as additional information, to support your statements and analysis.
Label and title your tables and charts.
Include totals in your tables.
Think about what the numbers show. Do your conclusions seem logical? If not, verify that the data and formulas in your spreadsheets are correct.

Each student will analyze the budget and budgetary trends for a local government (city or county government). The paper will be formatted as follows:

-Overview and budget process and format
-Expenditure and revenue trends
-Conclusion and Recommendation

The primary source of data will be the budget of the government that you are analyzing. You may be able to get copies of these from the government. Many governments now also have budget documents posted on their Web site. You may also want to review Census data for socio-demographic information about the area. Finally, you might search newspaper indexes to find information on major recent budget issues.

The objective of the assignment is to watch the movie and then apply various concepts that we have discussed throughout class during the semester. The paper must be a minimum of 1,600 words, not counting references or a cover page. Any paper that does not meet this minimum word criteria will be subject to a penalty. Papers need not be any longer than 2,200 words.

While these papers must have a scholarly tone (e.g. using appropriate grammar and a college-level vocabulary, not using contractions or the first-person), they will consist mainly of your own original ideas and thoughts.

You are virtually unlimited as to what you can write about. Some suggestions could include, assessing whether the movie provides a realistic depiction of serial murder based upon what you have learned in class. You might also decide to describe, in detail, whether or not the serial murderers exhibit certain paraphilia. Is the film fictional or is it based on actual characters? If it is based on actual characters, is it an accurate portrayal, in your opinion? You may discuss any aspect of the film, so long as you integrate some of the concepts that you have learned in the reading and online discussions throughout the semester.

You are welcome to use outside sources (e.g. scholarly articles, books, appropriate Internet sources), however, do not quote verbatim at any time from these sources. Since this is a rather short assignment, it must be in your own words. Paraphrasing is o.k., but do not have long quotes from outside sources. Also, if you use an outside source, be sure to cite this in the reference section of your paper. You may use either MLA or APA style.

Netflix SWOT Analysis Summary

Abstract

There are many ethical issues that may arise when managers develop a system of organization within a diverse workforce. One of the most important areas of concern is the inclusion of diversity that respects every employee’s input, including differences in perspective and the ways that these differences may improve the team member approach. In the 21st century, these ideas have become increasingly important at every level of business management. Managers have a central role in leading the team together in a shared purpose of social responsibility and strengthening the reputation of the company as a whole. This approach provides a more cohesive system of meaning that can lead to higher rewards as each person is encouraged to share ideas from diverse points of view. At Netflix, which is rapidly becoming a very important international enterprise as they expand their business concerns to many regions of the globe, these objectives are central for the position of managers.

Netflix SWOT Analysis Summary

Netflix is an American multinational corporation that offers a subscription-based video-on-demand service for customers to bypass the waiting period for watching television shows and films, as well as produces original programming of its own. Beginning as a company focused on DVD rentals, the company deviated in order to capitalize on the boom of streaming media. The company is now worth more than $19 billion in assets and has a total equity of nearly $4 billion (Canady, 2017), creating great financial and economic strength for the company. There has been a consumer move away from traditional programming in favor of viewing shows in totality whenever possible rather than dealing with advertisements and the like. Its primary strengths are in numbers and its connectivity, which creates ease of use for consumers. Its connection system includes several devices like computers, laptops, mobile phones, televisions and tablets, all aimed at increase ease to access of its content; this creates an increasing loyal consumer base as well.

Although Netflix is a multinational corporation that services customers’ media programming needs worldwide, one of its major weaknesses is market regulations within other countries that limit its profitability and ability to reach more consumers. High programming costs, censorship and other sociocultural factors, as well as high global unemployment and inflation that weaken its reach and impact. As most companies hope to do, Netflix has looked into international expansion, yet the conditions and regulations of various countries makes that difficult. There are significantly more risks of loss than gain when it comes to expanding for Netflix, especially into European markets. New laws on higher Value Added Tax (VAT) impact consumers, whose subscription costs would likely go up as Netflix must pay a tax to distribute its services. Different nation’s laws and regulations great limit its profitability. In recent years, the company has lost more than hundreds of millions of dollars (Frey, 2015). Netflix is also weakened by declining memberships of its DVD section, which appears to be needless as consumers have access to its main platform of programming without the use of an addiction electronic device.

Netflix is currently the United States’ top streaming service with more than 100 million subscribers. Despite its success, there are still opportunities for growth which can enable it to stave off media competition and increase its values amongst much larger conglomerate challengers like Hulu, Amazon, Disney and 21^st Century Fox. One opportunity is for Netflix to use its cultural power and media platform to speak out against the recent repeal of net neutrality rules, which the company had long opposed (Feldman, 2017). The repeal was made official in June 2018 and as Netflix continues to speak out against it in addition to the general public’s dismay, it shows the public that the company is committed to corporate social responsibility and free use of the Internet. Although it drives its bottom line ultimately, it also makes the service continually available to its customers who value the service greatly. Another opportunity is introducing new types of content, like podcasts, to present a new form of storytelling to the consumer. Podcasts like Serial have been making waves among media consumers and it is a way to increase subscribers, especially if paired with shows that are on true crime, many of which Netflix. Netflix can add to the conversation and create more of it as well as the first programming producer to do so (for free with subscriptions). This also makes Netflix a formidable competitor with Stitcher and Apple’s podcasts.

Netflix also faces significant threats to its streaming services, particularly from competitors such as traditional television, DVR, Amazon Prime Video, Hulu and more, as well as decreased offerings from media distributors. At its outset, Netflix was the only company offering this service compared to its competitors now, creating for it a period of long-term financial and economic growth. Netflix gave consumers a new way to consume movies and television on demand when they wanted it, including the option to watch an entire season (or season’s) worth of television, otherwise known as “binge-watching.” Now, Netflix has inadvertently created an on-demand subscription model that the likes of Hulu and Amazon have created their own of. Netflix is no longer unique to the industry, especially considering that some of its competitors have their own original programming as Netflix does itself. All of these companies are vying for the attention of streaming services, making the most significant threat to Netflix.

Netflix’s media content offerings also create a threat to its business in the coming years. With major media conglomerates like Disney and Fox merging, there is the possibility of new streaming services to enter the market, which means that film and TV studios may withhold their intellectual property rights from Netflix to host their won programming. Netflix’s original programming, though, makes up a small portion of its offerings and it relies on making deals with publishers to offer media to consumers. If rivals continue to enter the market and Netflix loses programming, many subscribers will be forced to choose—if Netflix’s prices increase or change in any way, they may get left behind.

The ways in which Netflix could turn its opportunities and weaknesses into strengths is through adapting and continuing to satisfy consumers. In a very media-heavy and technological age, consumers have a plethora of options to choose from—and be overwhelmed by. Creating options and inclusiveness, as well as standing up for what the company believes in like net neutrality, consumers will become interested in and foster a sense of loyalty to the company.

References

Canady, V. (2017). Netflix series prompts need for conversation, information. Mental Health Weekly, 27(17), 4-6. doi: 10.1002/mhw.31018

Feldman, B. (2017). Without net neutrality, what happens to my Netflix? New York Magazine.

Frey, M. (2015). Netflix Crit in the Twenty-First Century. Film Criticism, 40(1), 119-188. doi: 10.3998/fc.13761232.0040.111

McDonald, K. (2016). The Netflix Effect: Technology and Entertainment in the 21st Century. Bloomsbury Publishing USA.

Nasa, Voyager, the Golden Record CPA

Don’t forget to actually click on the Assignment link.

1) Read the attached article and listen to the NPR story of how the new release of this 40 year old record were made. Beyond its intention as a way to communicate with aliens, how are these artifacts emblematic of their time, both 1977 and 2017?

2) Look through the titles of the Spotify playlist. Listen. Do you feel that the this record presents an accurate portrait of the musical culture of the world? What would you change?

3) Notice the references to recording technology throughout the written pieces. How difficult was it to assemble these works in one place in 1977? What would change if one were to create this as a playlist in 2017? What would remain the same?

4) If tasked with creating an audio document, limited to one hour in length, as our ambassador to the universe what three principles would you use to select the music?

  MOVIE:          My Name is Khan   

1. Summary of the movies (setting, main characters, main events…). (approximately 1 page )
2. Describe the character in the movie that has the exceptionality. Is the character portrayed realistically, stereotypically, or as a superhuman? Validate your response with specific examples.
3. Based on the definition of the exceptionality, what specific physical, cognitive, and/or emotional characteristics did you see portrayed in the movies. Provide examples.
4. Describe whether the character’s experiences are similar or different from a person without disabilities. (daily living, relationships, work, school…)
5. How does this person view him or herself? How do others view this person?
6. Does this person or those who interact with him or her have to make any changes in their life or the way they address the character? Explain
7. What changes take place in characters without disabilities as a result of their interaction with the character with a disability/exceptionality? Validate your response.
8. Does the author use nondiscriminatory language that avoids stereotypic portrayals (does not use language such as suffers from, afflicted with, stricken with, confined to a wheelchair) – this includes the use of person -first language. Validate your responses by specifying the page in the book that the language was used.
9. Do you see examples of self-determination in the character with disability (e.g. character(s) are allowed to make decisions that impact their lives, solve their own problems, and choose their own friends……)? Validate your response (provide specific examples)
10. Do the family and siblings of the character with disabilities/exceptionality experience a wide range of emotions, not just all positive or all negative emotions (e.g. pride, joy, respect, love, embarrassment, frustration, guilt…). Provide examples to validate your response. 
11. Does the character with the disability/exceptionality displays appropriate growth throughout the movie (e.g. character is not stagnant, but learns, changes, and grows as a result of life experiences). Validate your responses.
12. Look at how the problems in the story are presented, conceived and resolved. Is the character with the disability/exceptionality considered part of the “the problem?” Validate you response.
13. Can this story /events that occur in the movie be told in the same way even if the main character did not have a disability/exceptional. Why?
14. From whose point of view was this movie told from (e.g. the character with a disability/exceptionality, a sibling, person without a disability…)?
15. Why is this movie titled as it is? Do you think it was an appropriate title? Even if you feel that the title was appropriate, if you could re-title the movie, what would be the new title and why?
16. What was your overall impression of the movie? Would you watch this movie again or recommend this movie to a friend? Why or why not?
17. Describe why, when and how you would use this movie in your classroom.

Money & Banking Questions

The Federal Reserve’s surveys of bank loan officers contain questions about

• All of the answers given are correct
• The interest rates being charged
• The supply of and demand for loans
• The quantity and quality of loans

“If central bankers raise the interest rate, the asset-price channel of monetary policy implies

• Stock prices will decrease
• Stock prices will remain the same but bond prices will increase
• Bond prices will remain flat
• Stock prices will increase and bond prices will remain flat

An open market sale of securities by the central bank to banks usually will

• Diminish the inclination of banks to make loans
• Induce the banks to make more loans since their revenue will decrease if they do nothing
• Increase the amount of deposits in the banking system
• Increase the banks’ willingness and ability to make loans

The relationship between real estate markets and interest rates is:

• Inverse, higher interest rates drive down real estate prices and vice versa
• Nonexistent
• Complex; cuts in the short-term interest rate lead to increases in long-term rates and higher real estate prices.
• Direct high interest rates lead to high real estate values as people abandon other financial assets

Most economists agree that the target rate of inflation for the central banks should be:

• Above zero for fears of deflation
• Between 7 and 9 percent
• Less than zero
• Something over 3 but less than 6 percent

One monopoly that modern central banks have is in:

• Issuing currency
• Regulating other banks
• Making loans to banks
• Issuing U.S. Treasury securities

The primary objective of most central banks in industrialized economies is:

• Price stability
• High securities prices
• Low unemployment
• A strong domestic currency

Which is a function of modern central banks?

• To control the availability of money and credit
• To control securities markets
• To control the government’s budget
• To manage fiscal policy

What matters most during a bank run is

• The liquidity of the bank
• The number of loans outstanding
• The solvency of the bank
• The size of the bank’s assets

If your stockbroker gives you bad advice and you lose your investment

• The government will not reimburse you for the loss, you are not protected from bad advice by your stockbroker
• The government will reimburse you similar to reimbursing depositors if a bank fails
• These losses would be covered under FDIC insurance
• Your investment would only be covered if the stockbroker was employed by a bank

Rumors of a bank failing, even if not true, can become a self-fulfilling prophecy because’”

• Depositors will rush to the bank to withdraw their deposits and the bank under normal situations would not have sufficient liquid assets on hand
• Regulators will scrutinize the bank heavily looking for something wrong
• Equity investors will not be able to sell the bank s stock
• Customers will not want to obtain loans from this bank

The government regulates bank mergers, sometimes denying the proposed merger.  Often the reason given for the denial is to protect small investors.  What are small investors being protected from?

• Mergers can increase the monopoly power of banks and the bank may seek to exploit this power by raising prices and earning unwarranted profits
• In order to pay for the merger, the bank may seek higher returns putting the depositors’ funds at greater risk
• With a larger bank the bank is likely to take greater risk and may fail
• Bank runs hurt larger banks more than smaller banks

“In the U.S., loans made by Federal Reserve to banks fall in the categories of.”

• Discount loans
• Reserves
• Discount loans and reserves
• Discount loans and foreign exchange reserves

Monetary policy operations for central banks are run through changes in the liability category of:

• Reserves
• Government’s accounts
• Currency
• Gold

Consider a $2 billion open market purchase of U.S. Treasury securities by the Federal Reserve.  The Fed’s balance sheet will show: 

• An increase in the asset category of securities and the liability category of reserves by $2 billion
• “no change in the size of the balance sheet, just the composition of assets will change from cash to securities.”
• Only show an increase in the liability of reserves of $2 billion
• Only an increase in the assets of securities of $2 billion

A central bank’s balance sheet will categorize the following as liabilities:

• Currency
• Loans
• Securities
• Foreign exchange reserves

Which of the following would be categorized as an unconventional monetary policy tool?

• Targeted asset purchases
• The interest rate on excess reserves (IOER)
• Federal funds rate target range
• Deposit rate

Quantitative easing is:

• Expansion of the supply of aggregate reserves beyond the amount needed to maintain the policy rate target.
• Statements today about policy targets in the future
• Asset purchases that shift the composition of the Fed’s balance sheet
• Expansion of the demand for aggregate reserves to drive down the IOER

“The conventional policy tools available to the Fed include each of the following, except the:”

• Currency-to-deposit ration
• Discount rate
• Target federal funds rate range
• Reserve requirement

The Taylor rule is:

• An approximation that seeks to explain how the FOMC sets their target
• The monetary policy setting formula followed explicitly by the FOMC
• An explicit tool used by the ECB but no the Fed
• A rule adopted by Congress to make the Fed’s monetary policy more accountable to the public

The portfolio demand for money reflects

• The portion of wealth people desire to hold in the form of money
• The money we hold for our everyday transactions
• The money we hold to purchase stocks and bonds and other financial securities
• The money we hold for our everyday transactions and the money we hold to purchase stocks and bonds and other financial securities

A decline in the yields earned by bonds should:

• Increase the demand for money
• Not impact the demand for money since money doesn’t earn any interest
• Also decrease the demand for money
• Increase the velocity of money

“In high inflation countries, inflation rates can exceed the rate of growth of money because.”

• All of the answers given are correct
• Money loses value quickly with inflation
• High rates of inflation increase the opportunity cost of holding money
• High inflation increases the velocity of money

“Over the long run if central banks want to avoid high rates of inflation, they need to be concerned with the.”

• Money growth rate
• Unemployment rate
• Real economic growth rate
• Productivity of labor

A unit bank is a bank that

• Has no branches
• “provides a myriad of financial services, so customers get all or most of their financial needs taken care of at the bank.”
• Only offers savings accounts
• “only makes one type of loan (i.e., home mortgages)”

“In order for insurance companies to generate predictable payouts, they need to.”

• Spread the risk across many policies
• Accept policyholders from a very specific geographic area
• “focus on insuring only specific events, for example only fire.”
• Offer only life insurance

Universal banks are:

• Firms that engage a wide array of financial and non-financial activities
• Firms that engage in banking services across many countries
• Banks that make direct investment in non-financial firms
• Multinational corporations that own U.S. banks

The Gramm-Leach-Bliley Act:

• Repealed the Glass-Steagall Act’s prohibition of mergers between commercial banks and insurance or securities firms
• Repealed the Riegle-Neal Interstate Banking and Branching Efficiency Act
• Repealed the McFadden Act’s restriction on bank branching
• Reinforced the Glass-Steagall Act’s limitation on commercial banks’ availability to merge with insurance or securities firms by increasing the penalties for doing so

One way inflation reduces aggregate demand is by:

• Reducing real balances
• Increasing nominal GDP
• Increasing velocity
• Increasing wealth

A decrease in taxes would cause:

• The dynamic aggregate demand curve to shift to the right
• A movement up and along the existing dynamic aggregate demand curve
• A movement down and along the existing dynamic aggregate demand curve
• The dynamic aggregate demand curve to shift to the left

The slope of the monetary policy reaction curve is determined by:

• How aggressively policymakers change interest rates in response to deviations between current and target inflation rates
• How strongly the inflation rate impacts people’s decisions
• How strongly the economy reacts to changes in the nominal interest rate
• People’s expectations for inflation

“In the short run, the point on the aggregate demand curve where an economy will end up depends on.”

• The short-run aggregate supply curve
• Potential output
• The long-run rate of inflation
• The money supply

“When faced with negative supply shocks, policymakers.”

• Face a trade-off because they cannot simultaneously stabilized both output and inflation.
• Cannot stabilize output so they trend to focus on inflation
• Will always focus on stabilizing output
• Will stabilize both inflation and output

Which of the following would be classified as a negative supply shock?

• An increase in the legal minimum wage
• A decrease in the price of oil
• An increase in government purchases
• An increase in demand for exports

Stagflation is a term that usually describes an economy experiencing:

• High inflation coupled with low growth
• Low inflation
• Low inflation coupled with low growth
• Low unemployment rates and low inflation rates

Globalization and trade:

• All of the answers provided are correct
• Provide an opportunity to reduce inflation permanently
• Shifts both the short-run and long-run aggregate supply curves to the right
• Expands economic potential in a similar fashion to productivity enhancing technological progress

Member banks of the Federal Reserve System include:

• Nationally chartered banks and state chartered banks that decide to join
• Only nationally chartered banks
• All state chartered banks with assets exceeding $100 million
• Nationally chartered banks and all state chartered banks

One reason it took so long to have a central bank in the United States is that:

• States feared centralization of power
• It wasn’t needed
• State currencies worked fine
• All of the answer options are correct

The Reserve Banks of the Federal Reserve System are owned by:

• The commercial banks in their districts
• The taxpayers in their districts
• The U.S. Treasury
• The Board of Governors

The Agreement to form a European monetary union was formalized in the Treaty of

• Maastricht
• Paris
• Amsterdam
• Milan