1.According to Irving Fisher, when velocity and output are fixed, the quantity theory of money
implies that inflation equals money growth. What does the quantity theory imply for inflation in
the long run in an economy with growing output and fixed or stable velocity?2.why might the ECB place somewhat greater emphasis on money growth rates than the
Federal Reserve when discussing monetary policy?3.e Level Target vs. Inflation Target
Suppose the Consumer Price Index in year 1 is 100 and the actual rate of inflation is 2% in years
2 and 3. Suppose now the economy slips into a recession in year 4 and the rate of inflation falls
to 0.5% per year for each year 4, 5 and 6.4.which of the following factors would increase the portfolio demand for money? Explain.
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PSYC 100 – INTRODUCTION TO PSYCHOLOGY
Scientific Analysis Paper 06 – Applying Psychology
GENERAL INSTRUCTIONS – READ AND FOLLOW THESE CAREFULLY
1. Prepare your response to the prompts below using your preferred software (e.g., Microsoft Word) and save your
work.
2. I highly recommend utilizing a network-based drive to ensure that you do not risk losing your work should a
computer die, get lost or be stolen. There are many options available (e.g., https://umd.box.com/)
3. Strong answers generally require between 400-500 words in total. Please do not exceed 500 words for the
entire assignment… you should be able to provide a clear, detailed but concise answer.
4. Do not use any direct quotes from any source. Always paraphrase. If you use any source as a reference, you
should be sure to describe it (briefly) in a way that makes it clear what ideas came from them and which are your
own, but you do NOT need to use official APA citation formatting. See http://ter.ps/psycethics for
instructions.
5. The assessment rubric for this assignment (and all other SAs) can be found here:
https://umd.box.com/v/SArubric
6. Proofread your work carefully… like any professional writing you will be required to do, it should be well
organized, clear and free of typographical or grammatical errors. It can be helpful to have others proofread
your work and I strongly encourage anyone that wants a strong writing quality score to schedule an appointment
with the writing center (http://ter.ps/writing). Just be sure to write it and schedule that with enough time to
make edits and submit.
7. Prepare a PDF copy of your document and be sure it is titled as described above. If you are not familiar with
how to create a PDF document there is a tutorial posted here: http://ter.ps/makePDFs. Only PDFs will be
accepted for credit – any other file format will be rejected by ELMS.
8. Log onto www.elms.umd.edu, and upload your PDF in the Assignment section (see http://ter.ps/submitpaper).
Late submission will not be accepted for any reason, so plan ahead for any technical difficulties you might
encounter. I strongly recommend downloading your submission right after uploading it, to confirm that you
submitted the correct file.
9. After the assignment has been graded view the evaluator’s feedback (see ter.ps/getfeedback). If you have any
questions or concerns please send a polite email to your course email address (not via ELMS). We’ll do our best
to address any questions that you have and will set up a time to meet if you’d like to discuss anything in detail.
Technical problems with the course management website?
Contact the IT Help Desk via www.helpdesk.umd.edu or 301-405-1500
PSYC 100 – INTRODUCTION TO PSYCHOLOGY
SA-06 WRITING PROMPT
Do you want a job after you graduate? If the answer is yes, then you would probably benefit from
pursuing an internship while you are here at the University of Maryland. Fortunately, the principles that we
have discussed over the course of this semester can help you pursue an internship, interact with employers,
and perform more effectively in an internship. There are lots of internships available to UMD students.
Sometimes, however, the internship you really want is not being offered. If that is the case, then you
should propose an internship with the company/organization that you would like to work for. This
assignment will help you with this process. You will hand in three pages for this Blended Learning
Assignment. You must do the following:
1. The first page of your paper should be a description of an internship with a real company/organization.
a. Identify an internship that you would like to apply for. Do this by doing one of the following:
i. Log on to https://careers.umd.edu/careers4terps. Find a real internship opportunity
that you would actually like to apply for. OR
ii. Find an actual company/organization that you would like to work for. This must be a
real organization. Make up an internship opportunity with this company/organization.
(Companies can be identified with the Career Insiders link on c4t.umd.edu or you can
use any other resource to identify the company).
b. Give the internship description
i. If you found an actual internship, copy and paste the internship description OR
ii. If you are making up an internship, write a paragraph describing the internship
c. Give the name and contact information of the real-life person who would be in charge of that
internship. This must be a real person. The contact information must be real as well.
2. The second page of your paper should be a cover letter addressed to the person in charge of the
internship. It should describe why you are interested in the internship and why he/she should choose
you to fill the internship. This must be a professional cover letter – But use a fake name instead
of your real name. Do not begin this part of the assignment without visiting The University Career
Center and the President’s Promise website on writing cover letters: http://www.careercenter.umd.edu
(in the Launch Your Career section – see here: https://careers.umd.edu/students/launch-yourcareer/resumes-cover-letters). If it is not formatted as a professional letter it is a zero for writing
quality on the assignment. NOTE: For part two, your response should be at least two paragraphs
but no more than one page.
3. The third page of your paper is a list (and very brief description) of three principles that you have
learned in this class that would help you with this internship. For each principle, describe how the
principle would help you at the internship. These may be principles that would help you get the
internship, interact with employees at the internship or be actual knowledge that you would need to
perform the internship. NOTE: For the third section of the assignment please limit your response to
500 words.
Page 2 of 2
Economics 330 – Money and Banking
Spring 2019
Problem Set 6 – Due within the first 5 minutes of lecture on Tuesday May 14, 2019.
Late submissions will not be accepted. You must show your calculations.
1) According to Irving Fisher, when velocity and output are fixed, the quantity theory of money
implies that inflation equals money growth. What does the quantity theory imply for inflation in
the long run in an economy with growing output and fixed or stable velocity?
2) Why might the ECB place somewhat greater emphasis on money growth rates than the
Federal Reserve when discussing monetary policy?
3) Price Level Target vs. Inflation Target
Suppose the Consumer Price Index in year 1 is 100 and the actual rate of inflation is 2% in years
2 and 3. Suppose now the economy slips into a recession in year 4 and the rate of inflation falls
to 0.5% per year for each year 4, 5 and 6.
Using this format-
Year 1
A
B
CPI Price Index with
Inflation Targeting at 2%
CPI Price Index with
Price Level Targeting at 2%
100
100
Year 2
.
.
.
a. Calculate the actual level of the price index for each year 1 through 6. Fill in columns A and B
with this data.
b. If the central bank follows an explicit inflation target of 2% and successfully returns inflation
to 2% in year 7, calculate the CPI for years 7 through 12.
c. Suppose the central bank follows a Price Level Target such that the price index increases at
2% per year beginning in year 2. Calculate the level of the Price Index Target for years 2 through
12.
d. What rate of inflation is needed in year 7 to return to the Price Level Target in one year?
e. Prepare a graph comparing the price levels for the inflation targeting and price level targeting.
f. Using the quantity theory, if velocity is growing at 1% per year and potential real GDP is
growing at 2.0% per year, what rate of growth in the money supply is needed in year 7 to get the
inflation needed to return to the Price Level Target path?
4) Which of the following factors would increase the portfolio demand for money? Explain.
a: A new website allows you to liquidate your stock holdings quickly and cheaply.
b: You expect future interest rates to rise. Increase in order to a
c: A financial crisis is looming.
…
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