Philips curve

 
Consider following Philips Curve.
∆πt = ¯ν ˜Yt + ¯o
a. Draw Philips curve. (x-axis: ˜Yt, y-axis: ∆π) What is the slope and y-intercept of the curve?
b. What is the impact of the ¯ν change? Should government perform a more aggressive policy to stabilize the inflation rate with high ¯ν or low ¯ν? If so, why?
c. Suppose there is an inflation shock because a war increased oil prices. (¯o>0) What is the impact of the oil price shock? (Use Philips curve graph)
 
 
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IS curve and Philips curve

 
Consider policy rule, IS curve, and Philips curve
Policy rule ∶ Rt − ¯r = ¯m(πt − ¯π)
IS curve ∶ ˜Yt = 1/1 − ¯xc [¯a − ¯b(Rt − ¯r)]
Philips curve ∶ πt = πt−1 + ¯ν ˜Yt + ¯o
a. Derive Aggregate Demand(AD) and Aggregate Supply(AS) curve, and draw AD and AS curve. What is the slope and y-intercept for AS and AD curve?
b. Find steady state inflation, π∗, and output ˜Y ∗
c. Suppose there is a positive and temporary demand shock, because of the new technology development. (¯a>0) What is the impact of this shock?
 
 
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Production function

 
Consider a production function
Yt = F(Kt,Lt) = ¯AKα
t L1−α
t
(1)
and the resource constraint
Yt = Ct + It + Gt
and the capital accumulation equation
Kt+1 = It + (1 − ¯d)Kt
Consumers consume a certain fraction of the output so the consumption equation is
Ct = (1 − ¯s)Yt
The government spending Gt is a fraction of capital stock, so with the higher capital stock, there
is more government spending.
Gt = ¯gKt
Assume there is no population growth, so Lt = Lt+1 = ¯L
a. Derive a Solow-Growth model and describe the intuition of the equation.
b. What is the key assumption in this model
c. Find the steady state per-worker quantities of capital, output, and consumption
d. Draw the Solow model (the x-axis is Capital stock, the y-axis is output)
e. Suppose there was a big government spending. Therefore, ¯g increased. What is the new steady state per-worker quantities of capital, output, and consumption?
 
 
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Interprofessional staff update on HIPAA

 
Prepare a 2-page interprofessional staff update on HIPAA and appropriate social media use in health care.
Assume you are a nurse in an acute care, community, school, nursing home, or other health care setting. Before your shift begins, you scroll through Facebook and notice that a coworker has posted a photo of herself and a patient on Facebook. The post states, “I am so happy Jane is feeling better. She is just the best patient I’ve ever had, and I am excited that she is on the road to recovery.”
You have recently completed your annual continuing education requirements at work and realize this is a breach of your organization’s social media policy. Your organization requires employees to immediately report such breaches to the privacy officer to ensure the post is removed immediately and that the nurse responsible receives appropriate corrective action.
You follow appropriate organizational protocols and report the breach to the privacy officer. The privacy officer takes swift action to remove the post. Due to the severity of the breach, the organization terminates the nurse.
Based on this incident’s severity, your organization has established a task force with two main goals:
• Educate staff on HIPAA and appropriate social media use in health care.
• Prevent confidentiality, security, and privacy breaches.
The task force has been charged with creating a series of interprofessional staff updates on the following topics:
• Social media best practices.
• What not to do: Social media.
• Social media risks to patient information.
• Steps to take if a breach occurs.
You are asked to select one or more of the topics and create the content for a staff update containing a maximum of two content pages. This assessment is not a traditional essay. It is a staff educational update about PHI. Consider creating a flyer, pamphlet, or one PowerPoint slide (not an entire presentation). Remember it should not be more than two pages (excluding a title and a reference page).
The task force has asked team members assigned to the topics to include the following content in their updates in addition to content on their selected topics:
• What is protected health information (PHI)?
• Be sure to include essential HIPAA information.
• What are privacy, security, and confidentiality?
• Define and provide examples of privacy, security, and confidentiality concerns related to the use of technology in health care.
• Explain the importance of interdisciplinary collaboration to safeguard sensitive electronic health information.
• What evidence relating to social media usage and PHI do interprofessional team members need to be aware of? For example:
• How many nurses have been terminated for inappropriate social media use in the United States?
• What types of sanctions have health care organizations imposed on interdisciplinary team members who have violated social media policies?
• What have been the financial penalties assessed against health care organizations for inappropriate social media use?
• What evidence-based strategies have health care organizations employed to prevent or reduce confidentiality, privacy, and security breaches, particularly related to social media usage?
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