1.What are the functions of money?
- What happens when the Federal Reserve buys bonds? Sells bonds?
- What can you conclude from the following: an increase in real gross domestic product (GDP), falling unemployment, and increasing inflation?
- In what phase of the business cycle will discount rates be lowered?
- What is a progressive tax? Give an example.
- What type of tax is a sales tax?
- What are regressive taxes? Give an example.
- What are the tools used by the Federal Reserve to control the economy?
- What are the tools used by the federal govt to control the economy?
- What are the economic goals of the government?
- If taxes are increased, what will happen to AD and GDP?
- How is national debt different than government deficits?
- What is a budget surplus?
- Draw and correctly label a production possibility curve for computers (on the vertical axis) and pizzas (on the horizontal axis). You do not need to number the axis or plot specific points.
- Draw and correctly label a supply and demand graph illustrating the current market for gasoline. Label the equilibrium price level as Pe and the equilibrium quantity as Qe.
- Draw and label the four phases of the business cycle, including labeling the vertical and horizontal axis.
- Draw and correctly label an aggregate demand and aggregate supply graph. Label the equilibrium price level as PLe and the equilibrium real GDP output as Qe.
already receiving existing services or supports that could be adjusted or enhanced in lieu of informal adjustment or formal processing. Stakeholders noted that many youth are often involved with services through multiple public systems and providers and that layering more on top of those services may actually impair the ability of those supports to achieve their intended effect. Many individuals suggested that more rigorous exploration of a young person’s current services and supports would help support increased use of diversion at intake. Trends in DJS intake data support the hypothesis that there may be significant variability in diversion practices at DJS intake, both within Baltimore City and between Baltimore City and the rest of the state. As mentioned above, DJS Intake received 1,783 referrals in Baltimore City in FY 2018. As shown in Figure 1, 16% of these cases were resolved at intake, 6% were “informaled” (placed on pre-court or informal supervision), while 78% of cases were “formaled” (authorized for a formal petition and referred to SAO for further processing with the juvenile court). In contrast, for the rest of Maryland, 42% of cases were resolved at intake, 16% were informaled, and only 42% were referred to SAO for formal processing. These data indicate that a much larger percentage of intake referrals were authorized for a formal petition in Baltimore City than in the rest of the state, which is a cause for concern and a call for more in-depth analysis. Stakeholder interviews surfaced several possible hypotheses to explain why the percentage of intakes authorized for formal petition in Baltimore City is nearly double that of the rest of the state. First, there is a general perception among stakeholders that referrals appearing at DJS intake in Baltimore may be of a more serious nature than those appearing at DJS intake across the rest of Maryland. Others suggested that the higher rates of formal processing may reflect the fact that youth in Baltimore City may have previous referrals or contact with law enforcement at a higher rate than youth from the rest of the state, which could make it less likely that intake officers would accept a referral for diversion. To dig more deeply in the nature of the difference in intake diversion rates, CCLP examined rates of formal petitioning by offense category at intake (i.e., crimes of violence, felonies, and misdemeanors) for Baltimore City as compared to the rest of the state. Unsurprisingly, as noted in Figure 2, crimes of violence referrals at intake were formaled at high rates: 99% in Baltimore City as compared to 91% in the rest of Maryland. Similarly, 93% of felony referrals at DJS intake in Baltimore were formaled, while 87% of felony referrals in the rest of Maryland were formaled. Thus, the percentages of formaled referrals for Crimes of Violence and Felonies in Baltimore City are higher than the percent formaled in the rest of Maryland by 8% and 6%, respectively. During this assessment, stakeholders hypothesized that the difference in authorized formal referrals for felony referrals might be driven by differences in the handling of felony drug cases between Baltimore and the rest of the state. While this may not fully account for the difference for felony referrals overall, data confirm that 16% of felony drug referrals in the rest of Maryland were resolved or informa>GET ANSWER