Saturday, January 25, 2020

Heroism in Beowulf Essay -- Epic of Beowulf Essay

Heroism in Beowulf A hero is one who is not only strong, but one who uses his strength to uphold others. A hero is humble, philanthropic, magnanimous and selfless, a humanitarian at best. In the unprecedented epic Beowulf, the tale’s namesake exemplifies every characteristic befitting an Anglo-Saxon hero. He is honest, loyal, and courageous. He portrays these characteristics in the battle against Grendel, the affray with Grendel’s mother, and the fight against the dragon that inevitably ended his life. Beowulf was a man of admirable exploits. He had the strength of thirty men in his arms, and would use this strength to aid anyone in need. Upon hearing of the plight of Grendel and the ill happenings in Hrothgar’s kingdom, Beowulf immediately gathered his entourage to help the king and defend Heorot. When Beowulf encountered the beast that had terrorized for 12 years, he single-handedly ripped off Grendel’s arm, an act ultimately killing the creature. To further delineate his heroism, Beowulf kept the arm as a trophy of his victory. Upon learning of her son’s death, Grendel...

Thursday, January 16, 2020

Answers to Quiz #4

According to the IS-LM model, what happens in the short run to the interest rate, income, consumption, and investment under the following circumstances? (Assume everything else is held constant. ) a. The central bank decreases the money supply. i. The interest rate ________increases_______________________ ii. Income ____________decreases__________________________ iii. Consumption ___________decreases______________________ iv. Investment ___________decreases________________________ b. The government decreases its level of expenditures. i. The interest rate _________decreases______________________ ii.Income ___________decreases___________________________ iii. Consumption __________decreases_______________________ iv. Investment ___________increases________________________ c. The government imposes a new lower level of taxes. i.The interest rate _________increases______________________ ii. Income ________________increases______________________ iii. Consumption ___________increases______ ________________ iv. Investment ______________decreases_____________________ d. The government increases government spending while at the same time it increases taxes by exactly the same amount. .The interest rate __________increases_____________________ ii. Income _____________increases but by less than the change in government spending and the change in taxes_________________________ iii. Consumption __________decreases_______________________ iv. Investment ______________decreases_____________________ 2. Use the following information to answer this set of questions. An economy can be described by the following equations: C = 200 + 0. 75(Y – T) I = 200 – 25r G = 100 and is constant and exogenously determined T = 100 and is constant and exogenously determinedThe demand for real money balances = M/P = Y – 100r M = money supply = 1000 P = price level = 2 a. Write an equation for the IS curve for this economy. IS: Y = 200 + 0. 75(Y – T) + G + I Y = 200 + 0. 75Y -0. 75(100) + 100 + 200 – 25r Y = 500 + 0. 75Y -75 – 25r .25Y = 425 – 25r Y = 1700 – 100r b. Write an equation for the LM curve for this economy. Supply of real money balances = demand for real money balances 1000/2 = Y – 100r Y = 500 + 100r c. What is the equilibrium interest rate and the equilibrium level of output for this economy given the above information? 00 + 100r = 1700 – 100r 200r = 1200 r = 6 Y = 500 + 100 (6) Y = 1100 d. What is the equilibrium level of consumption and the equilibrium level of investment for this economy? C = 200 + 0. 75(Y – T) C = 200 + 0. 75(1100 – 100) C = 200 + 0. 75(1000) C = 200 + 750 C = 950 I = 200 – 25r I = 200 – 25(6) I = 200 – 150 I = 50 e. Suppose that the money supply is increased to 1200. What is the new equilibrium level of interest rate and the new equilibrium level of output for this economy given this change? What is the new equilibrium level of consumption ? The new LM curve is Y = 600 + 100r and the IS curve is Y = 1700 – 100r.Thus, 600 + 100r = 1700 – 100r 200r = 1100 r = 5. 5 Y = 600 + 100(5. 5) Y = 1150 C = 200 + 0. 75(Y – T) C = 200 + 0. 75(1150 – 100) C = 200 + 987. 50 f. Suppose that the initial information is true (no change in the money supply). If government purchases increase to 150, what is the change in output predicted by the Keynesian Cross diagram? What is the actual change in output based upon the IS-LM model? The change in output predicted by the Keynesian Cross diagram is equal to (1/(1 – MPC))(change in government spending) or (1/0. 25)(50) = 200.The actual change in output based upon the IS-LM model will be less than this. To see this you need to first write the new IS curve: Y = C + I + G’ Y = 200 +0. 75(Y – T) + I + G’ Y = 200 + 0. 75Y – 0. 75(100) + 200 – 25r + 150 0. 25Y = 475 – 25r Y = 1900 – 100r Then, combine this IS curve w ith the LM curve to have 1900 – 100r = 500 + 100r 1400 = 200r r = 7 Thus, Y = 1900 – 100r Y = 1900 – 100(7) Y = 1200 The change in output is from the initial level of 1100 to the new level of 1200, or a change of 100 which is less than that predicted by the Keynesian Cross diagram.

Wednesday, January 8, 2020

Dave Thomas The Great Depression - 1858 Words

Dave Thomas was born on July 2nd in 1932 and was adopted by Rex and Aluvea Thomas. He would discover his passion for cooking and create one of the most popular fast food franchises in America. With the success of his new restaurant he would become famous through his extensive supply of commercials and he would use his fame and wisdom to help other change their lives for the better and achieve more than what they could have done before. Dave Thomas was born in Atlanta ,New Jersey ,July 2nd in 1932 during the Great Depression to a single mother who gave him up for adoption .†It is a terrible feeling to know my natural mother didn t want me. Luckily Thomas was swiftly adopted at the age of six weeks old by Rex and Aluvea Thomas .When I†¦show more content†¦When Thomas was twelve he was living with his father in Tennessee and had a variety of jobs like golf caddy or paperboy . Three years later ,after they moved out of Tennessee ,in Indiana Thomas got another job working in a restaurant called The Hobby House. When Thomas’s father decided to leave Indiana to find more work ,Thomas declined and decided to stay. He dropped out of high school while he was in the tenth grade and worked full time at the Hobby House restaurant as a waiter, where he also lived. Shortly after the Korean war broke out in 1950 Thomas turned eighteen and volunteered into the military as to have more choices in his assignment. Unsurprisingly ,he chose to go to the Cook’s and Baker’s school at Fort Bennings in Georgia. Later he was transferred overseas to Germany as a mess sergeant. He encountered the busy life of being responsible to make the meals for at least two thousand men per day ,roughly six thousand meals everyday. During his time in the military, he was deservingly upgraded to staff sergeant. Three years after he joined the military in 1953 he was discharged and choose to return to Fort Bennings then go back to The Hobby House to work as a cook for thirty-five dollars a week. While still working at The Hobby House he meets his future wife ,eighteen year old Lorraine Buskirk, who he decided to marry a short seven months later. He was also being meet with his old boss Phil