Refer to the following graph for questions 24-25 The economy is currently at Point A, where output Y1 is below potential output YpY_p. Simon owns several office buildings, but he notices that many companies are downsizing or shutting down, leaving a large number of vacant offices. What is Simon most likely to do?  

Consider an economy described by the following:  C = $3.15 trillion f=0.5 I = $1.2 trillion mpc=0.8 G = $2.8 trillion d=0.2 T= $3 trillion  x=0.2 NX = $-0.5 trillion The simplified expression for the consumption function is: 

For questions 28 – 30 use the following information. Jill, a local restaurant owner, notices that business has been booming since the government announced a decrease in income tax rates. She decides to increase her menu prices and hire more workers as a result.                   Graph A                                                                                    Graph B                           Graph C

Prior to the 1972 election, many economists believed that the economy was close to potential output (Point A in the graph below). It is rumored that President Nixon pressured the  Federal Reserve Chairman Arthur Burns to use expansionary monetary policy (autonomous easing of the money supply) to make employment numbers look even better going into the election. A few years later, the oil shortage hit the United States, causing a significant supply shock. Which of the following explains why Nixon’s pressure on Burns was a bad idea in the long-run?

18. Ms. Torque teaches her class using high-quality curriculum materials. A few low-achieving students receive extra help in her classroom, and two low-achieving students receive intensive one-on-one intervention. Ms. Torque is using what in her classroom?

27. Which of the following statements is true about the SES achievement gap?

5. Sonny, a high school junior, has a somewhat difficult time in school compared to his peers, particularly with abstract math problems and literary symbolism. He tries hard but still struggles with abstract concepts that other students pick up fairly easily. Sonny is a much better musician than his peers. He practices long hours to improve his singing, guitar playing, and songwriting. Sonny is very skilled at working with people; during playground basketball games, he serves as a referee and arbitrator. If we were asked to assess Sonny’s intelligence according to researchers’ and experts’ traditional conceptions of intelligence, which of the following is most valid?

Solve the following equation using factoring or the quadratic formula. Only enter your integer answer…example if you find that x = 1/2 and x = -8, then only enter “-8” for your answer.    5×2 = 43x – 24

Factor Completely.      6y2 + 7y + 2    (select the correct factor)

Solve the following equation using factoring or the quadratic formula.    x2 + 2x – 1 = 0