Dynamic processes are unstructured
Indicate whether the statement is true or false
FALSE
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Consider the standard dynamic model of money in which the economy is in a steady state with constant levels of output, inflation, and the nominal interest rate. Suppose initially that the steady-state nominal interest rate is 4 percent, the steady-state inflation rate is 2% percent, and the growth rate of the money supply is 2 percent. How will an unanticipated permanent decline in the growth rate of the money supply to 0 percent affect the level of output, the inflation rate, and the nominal interest rate?
What will be an ideal response?
On September 1, 2012, Al buys a bond for $15,000 that makes coupon payments of $750 after each of the following three years and returns its principal of $15,000 at the end of the three years. In other words, it is a standard coupon bond with a 5 percent annual interest rate making payments once each year.On September 1, 2013, Al receives his first coupon payment of $750. At that time, the market interest rate on bonds like Al's has risen to 6 percent. Al sells his bond to Biff at that time, for a price equal to the present value of the bond's payments.
a.How much does Biff pay Al for the bond? b.Calculate Al's current yield, capital-gains yield, and total return for the year.On September 1, 2014, Biff receives a coupon payment of $750. The market interest rate on bonds like his remains 6 percent. Biff sells his bond to Cass at that time, for a price equal to the present value of the bond's payments. c.How much does Cass pay Biff for the bond? d.Calculate Biff's current yield, capital-gains yield, and total return for the year.On September 1, 2015, Cass receives a coupon payment of $750 and the principal of $15,000. Over the course of the year (between September 1, 2014, and September 1, 2015), the market interest rate on bonds like his rose to 7 percent. But Cass decided to keep the bond. e.What is Cass's total return for the year?Explain and show all your work for each part.
Passwords are secret codes that users enter to gain access to systems. Security can be compromised by all of the following except
a. failure to change passwords on a regular basis b. using obscure passwords unknown to others c. recording passwords in obvious places d. selecting passwords that can be easily detected by computer criminals
Cognitive learning theories assume that ________
A) learning occurs when people realize their actions result in rewards or punishments B) learning takes place as the result of connections we form between events C) the most important component of learning is directed by cognition D) people are problem solvers who do more than passively react to associations between stimuli E) the individual takes a passive role during the learning process