Consider;

Part 1.

You are a paralegal in a large law firm, and you have had a hectic day. During the day, you have taken notes on how you spent your time. Using the notes below, create your timesheet in 6-minute intervals. Be sure to record all times in decimal format.

Finalized petition for Jones Divorce (2 hours and 15 minutes)

Rosalie Gonzalez: Spoke with client about bringing in documentation related to her husband's estate; began preparation of Application for Appointment as Executor (1 and a half hours)

Firm meeting (35 minutes)

Lunch (1 hour)

Rusty Hurd personal injury lawsuit: Continued review of documents produced by employer and trucking company in discovery (3 hours and 10 minutes)

Mark Stevens child custody dispute: Reviewed report of Guardian Ad Litem and prepared memo to supervising attorney regarding conclusions (50 minutes)

Part 2.

After you have created your timesheet, it is now time to calculate the fees that you have generated. Using the rates below, calculate the fees. You can include the calculations in your timesheet by adding a column for "Fee" and inserting the amount of the fee there.

Family law matters - $60 per hour

All other matters - $75 per hour

Finally, you have some questions to consider for this activity:

Was it a productive day or not?

Were the notes that you kept sufficient to help you draft your timesheets at the end of the day?

What important suggestions would you provide to others to ensure that they are able to accurately and clearly explain their activities for the day?

Why is it so important that you are able to detail your activities?

5. For supply-induced one-shot inflation, the economy starts in long-run equilibrium where output (C) is equal to natural real GDP (ON). Suppose there is an adverse supply shock due to a hurricane, which causes supply to decrease. This causes a Draw the graph below. In the short run, price level (leftward/rightward) shift in the curve. and Real GDP This means that in the economy, unemployment (less than/greater than) natural Real GDP, which will cause wage rates to (decrease/increase) causing SRAS to (decrease/increase) shifting the curve leftward/rightward) moving the economy back into long-run equilibrium. In the long-run, price level and Real GDP ly-induced one-shot inflation, the economy starts in long-run equilibrium where output (Q) GDP (ON). Suppose oil prices decreases causing SRAS to increase. This causes a ) shift in the curve. Draw the graph below. In the short run, . This means that in the economy,In the AD - AS model, which of the following is true? A The economy is in an inflationary gap when the short-run equilibrium real output is below the long-run equilibrium real output. B The economy is in an inflationary gap when the short-run equilibrium real output is at the long-run equilibrium real output. C The economy is in a recessionary gap when the short-run equilibrium real output is at the long-run equilibrium real output. D The economy is in a recessionary gap when the short-run equilibrium real output is below the long-run equilibrium real output. E The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.Milton Friedman, the leader for Monetarism had proposed several important arguments regarding the implementation of Monetary Policy. The arguments were listed as: Proposition 1: Monetary Policy has powerful short-run effects on the real economy. In the long run, however, changes in the money supply have their primary effect on the price level. Proposition 2: Despite the powerful short-run effect of money on the economy, there is little scope for using Monetary Policy actively to try to smooth business cycle. Proposition 3: Even if there is some scope for using Monetary Policy to smooth business cycles, the Central Bank (the Federal Reserve) cannot be relied on to do so effectively. Proposition 4: The Central Bank (the Federal Reserve) should choose a specific monetary aggregate (such as M, or My and commit itself to making that aggregate grow at a fixed percentage rate, year in and year out. Keynesians economists' response to the above propositions with this statement: "Monetary policy may have performed badly in the past. However as time passes we learn more about the economy and the use of policy gets better. Imposing rigid rules just as we beginning to learn how to use activist policy properly would be foolish. We just have to trust on the democratic process to ensure that policymakers will take actions that for the most part are in the best interests of the country. " Berdasarkan perdebatan di atas, bincang tentang pelaksanaan Dasar Monetari sama ada ia perlu dijalankan mengikut peraturan atau mengikut budi bicara. Based on the debate above, discuss on the conduct of Monetary Policy whether it should be conducted by rules or by discretion.Question below is based on the following debates Milton Friedman, the leader for Monetarism had proposed several important arguments regarding the implementation of Monetary Policy. The arguments were listed as: Proposition 1: Monetary Policy has powerful short-run effects on the real economy. In the long run, however, changes in the money supply have their primary effect on the price level. Proposition 2: Despite the powerful short-run effect of money on the economy, there is little scope for using Monetary Policy actively to try to smooth business cycle. Proposition 3: Even if there is some scope for using Monetary Policy to smooth business cycles, the Central Bank (the Federal Reserve) cannot be relied on to do so effectively. Proposition 4: The Central Bank (the Federal Reserve) should choose a specific monetary aggregate (such as Mi or M2) and commit itself to making that aggregate grow at a fixed percentage rate, year in and year out. Keynesians economists response to the above propositions with this statement: "Monetary policy may have performed badly in the past. However as time passes we learn more about the economy and the use of policy gets better. Imposing rigid rules just as we beginning to learn how to use activist policy properly would be foolish. We just have to trust on the democratic process to ensure that policymakers will take actions that for the most part are in the best interests of the country. " Based on the debate above, discuss on the conduct of Monetary Policy whether it should be conducted by rules or by discretion.Economy in the Short Run Economy in the Long Run TRAS ERAS SRAS SRAS Aggregate price level Anaregate price level SR AD Real GDP Real GDP