An economy has a constant population. Everyone's demand for chequing deposits is

5,000 goods in total in every period. The economy has a total endowment of 10,000

goods per period. There is a total stock of unintermediated capital of 1,000 goods in

each period. Bank deposits are the only form of money in the economy. Deposits of

banks are subject to a 20 percent reserve requirement. The net real rate of return on

capital is 10 percent per period. After meeting the reserve requirement, banks invest the

remainder of all deposits into capital. Individuals do not hold capital. The fiat money

stock is $2,000 per period. Capital takes two periods to generate final returns.

21. What is this economy's price level?

(A) 0.2.

(B) 0.3.

(C) 0.4.

(D) 0.5.

22. What is the total nominal money stock, M1t?

(A) $20,000.

(B) $10,000.

(C) $2,500.

(D) $1,500.

23. What is the money multiplier?

(A) 20.

(B) 10.

(C) 5.

(D) 2.

24. What is the total (nal) capital output after two periods?

(A) 6,050.

(B) 4,840.

(C) 1,210.

(D) 1,000.

25. What is this economy's real GDP?

(A) 16,050.

(B) 14,840.

(C) 11,560.

(D) 10,000.

The next four questions involve the following situation.

An economy has 200 young people born each period. Each young person receives an

endowment of 200 goods, but nothing when middle-aged or old. There is a storage

technology and a bank. For each good put into storage in the current period, the person

receives a single unit of consumption next period (a real return of zero). In addition,

capital is available, which pays X = 1:25 two periods after it is acquired. If a person

liquidates capital after one period, then only 0.8 units of the consumption good can be

obtained. Assume that 10 percent of people want to consume only when middle-aged,

and the remainder only want to consume when old; however, people only realize their

preferences with regards to consumption when they reach middle-age.

26. How many goods does the bank hold in storage?

(A) 0.

(B) 4,000.

(C) 36,000.

(D) 40,000.

27. How many goods does the bank hold in capital?

(A) 0.

(B) 4,000.

(C) 36,000.

(D) 40,000.

28. If there is no bank run, how many goods will middle-aged people consume?

(A) 0.

(B) 4,000.

(C) 36,000.

(D) 40,000.

29. If there is no bank run, how many goods will old people consume?

(A) 0.

(B) 4,000.

(C) 36,000.

(D) 40,000.

0. Debbie Jones works In the accounting department of the Vedder Co. that provides consulting services related to landscape design as well as selling unique art glass and sculptures for residential horses/gardenj. Debbie's job includes updating accounts payable based on purchase orders and checks. Her responsibilities are part of the company's A. Revenue cycle. B. Expenditure cycle. C. Financing cycle. D. Expenditure cycle and revenue cycle. E. Financing cycle and revenue cycle. 41, Which of the following is true about a matter file? A. Individual master file records are permanent. B, Individual master file records may change frequently. C. Individual master file records are sometime being referred to as date value files. D. Individual master file records are sometime being referred to at entity files. E. Individual matter file records are no longer needed in an Als system. 42. Data processing includes all of the following except: A. Changing customer addresses, B. Removing inventory items no longer offered. C. Adding the name of a new vendor. D. Verifying subsidiary ledger balances. E. All of the above are part of data processing. 43. In Jackson, Florida, electric power is provided to consumers by Atlantic Power. Each month Atlantic Power mails bills to 100,000 households and then processes payments are they are received. Currently, payments are not accepted electronically (online]. Instead, customers are required to submit payment via US mail. What is the best way for this business to ensure that payment data entry is efficient and accurate? A. Well-designed paper forms. B. To use source documents. C. To use turnaround documents. D. To use sequentially numbered bills. 44. Sunshine Life Co. Is a life insurance company that collects, stores, prepares and provides life insurance policies to customers in the United States. When a customer's Information is received, it is recorded in a database and a ticket is provided to the policy underwriter. When the policy is issued, the database Is updated so that it always reflects the correct amount of life insurance coverage and the length of the policy available to the customers. In a DFD, which type of symbol would be used to represent the system processing customer's Information? A. A rectangle. B. Acircle. C. Two horizontal lines. D. A square. E. A arrow pointing in.QUESTION 13 True or False? A different set of managerial competencies is needed for work in private for-profit organizations than for work in public organizations. True O False QUESTION 14 True or False? Every management decision has consequences (some of them are unanticipated) that unfold over weeks, month, and even years. True O FalseFormal systems thinking tools for management include all of the following except: O A. Learning laboratories B. Systems archetypes C. Diagrams that portray organizational performance over time D. Simulation modeling E. Cost-benefit analysis QUESTION 8 The industry to first adopt quality improvement (QI) techniques was: A. Aviation B. Manufacturing and service C. Academia D. Public health E. Health care delivery QUESTION 9 Approximately what percentage of health care expenditures in the United States is made for public health services? A. 5% B. 1% C. 20% D. 15% E. 10%Chain binomial epidemic models The chain binomial model is a simple epidemic model that says, if there are S susceptible and 10 infected individuals in a wellmixed population (such as a household). that the number of infections in the next infection generation will be] ~ Binomial (S, 1 (1 (9)1\") - a binomial deviate with a probability corresponding each susceptible being infected by at least one of the infected individuals with probability p. In the next generation there will be S I susceptible individuals and I infected individuals. - rbinom(N,prob) : pick a binomial deviate with N trials, each trial having probability p . (Pick N Uniform(0,1) deviates and count the number that are