100 POINTS “Because policymakers cannot be trusted to do what they say, monetary policy should be set by rules that limit the discretion of policymakers. And because monetary policy works only with a long lag, a passive policy should be preferred to an active one.” In a brief essay, discuss why a reasonable person might come to these conclusions. Why are policymakers tempted to go back on their word? How might you design rules to improve the policymakers’ performance?

A reasonable person might come to the conclusion that monetary policy should be set by rules that limit the discretion of policymakers - for the reason that policymakers cannot be trusted to do what they say - because monetary policy better combats economic slowdowns and reduces the cost of investment. The input of policymakers should be limited because of effect that monetary policy has on an important tell of how policymakers are doing - unemployment rate. When more money is pumped into the economy through monetary policies, the unemployment rate drops, so it is easy to see how tempting it is for policymakers to foucs too much on monetary policies or twist them to benefit themselves and their campaign the most.

To improve policymakers' performance, I would set limits to how money could be added to an economy at any time, or try to spread out the time over which the money is added. This would put a limit on policymakers that would potentially reduce the temptation to overdo monetary policy.

I hope this helps. I'm not sure how long you wanted it.

answer; ///the above answer to the above question is (true); // overdraft protection means the bank will protect your funds from excessive taxation; ///

answer: compare a myth legend, or classic work of literature of you choice to a modern work that reinterprets it.focus on the similarities in theme between the newer work and the original, and provide examples that illustrate these themes from both works. the modern work may be any novel, movie, play, short story, or other storytelling medium with which you’re familiars long as it is clearly inspired by a myth, legend, or classic work of literature.

short-response prompt  

read the following excerpt from “fish cheeks” by amy tannin which tan recounts a christmas eve dinner.  

i fell in love with the minister’s son the winter i turned fourteen. he was not chinese, but as white as mary in the manger. for christmas i prayed for this blond-haired boy, robert, and a slim new american nose.  

on christmas eve i saw that my mother had outdone herself in creating a strange menu. she was pulling black veins out of the backs of fleshy prawns. the kitchen was littered with appalling mounds of raw food: a slimy rock cod with bulging fish eyes that pleaded not to be thrown into a pan of hot oil. tofu, which looked like stacked wedges of rubbery white sponges. a howl soaking dried fungus back to life. a plate of squid, their backs crisscrossed with knife markings so they resembled bicycle tires.  

after everyone had gone, my mother said to me. “you want to be the same as american girls on the outside.” she handed me an early gift. it was a miniskirt in beige tweed. “but in side you must always be chinese. you must be proud you are different. your only shame is to have shame.”