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The amount of annual claims per policy at a health insurance company has a normal distribution with mean $300 and standard deviation $100 Darren has a health insurance policy with this company which has an annual deductible of $200. This means that if Darren's claim in one year are less then $200, then he pays for them and the company pays nothing, but if they are over $200, then he pays $200 and the company pays the rest. What is the probability that the company will not pay anything next year against Darren's policy?
Which monetary policy would most likely increase aggregate demand?
Why does the Federal Reserve expand and contract the money supply? What are the four ways the Federal Reserve accomplish this task? How do each of the methods accomplish the intentions of the Fed? Which method(s) is most important/desirable? Which me..
The bottom 20% or the middle 20% of families is a static group. Business solutions e.g. offshoring labor, may make sense at the individual company level but not at the aggregate national level. Cicero wrote that good government was when the governors..
Use the mid-point formula to calculate the price elasticity of supply (arc elasticity) for a given product under two scenarios:
Suppose real GDP is $100 billion below potential and the government implements an expansionary fiscal policy with the intention of eliminating the output gap. The fiscal policy consists of a $100 billion increase in government purchases and a $100 bi..
Take a moment to explore the French system. How does the French system figure into this discussion? Does France have a presidential system like the United State
From FDR's Folly Chapter 15: Explain and critique the current policy of the Supreme Court in determining whether or not a law is constitutional using analysis of fundamental and non fundamental rights, and give two examples each of fundamental and no..
a) Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K, L)=3K3/5L2/5. b) What is the elasticity of substitution for this production function?
What is the evidence of wrongdoing here How does business use politics here Is this government failure Is this market failure Who benefits and how Who loses What is the role of the media
Why are some countries poor (less developed) and others rich (developed)? Discuss the main features of the realist/mercantilist, liberal, Marxist, and structuralist/dependency perspectives on economic development. What are their differences and simil..
If we start with the bit pattern represented by the hex number 1234, what would the hex number be that represents the encrypted bit pattern?
Write down a paper analyzing different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability.
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