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Question : 11) Suppose that Australia has fully employed all of its : 1240960

Economics

 

 

11) Suppose that Australia has fully employed all of its resources. This situation means that Australia

A) is operating at its potential GDP.

B) is growing at a faster rate than the United States.

C) has a negative Okun Gap.

D) has a positive Lucas Wedge.

E) is experiencing zero unemployment.

 

12) If the economy is fully employed, which of the following is true?

A) The price level equals 100.

B) Real and nominal GDP are equal.

C) Real and potential GDP are equal.

D) The unemployment rate is zero.

E) Real GDP cannot increase.

 

13) Potential GDP is the level of

A) real GDP that the economy would produce if it was at full employment.

B) nominal GDP that the economy would produce if it was at full employment.

C) real GDP that the economy would produce if there was no inflation.

D) nominal GDP that the economy would produce if there was no inflation.

E) real GDP that the economy would produce if there was no unemployment.

14) Potential GDP is

A) equal to the maximum amount of goods and services that can be produced at any given time.

B) another name for real GDP.

C) the level of output produced when the economy is fully employed.

D) a measure of the short term fluctuations in real GDP.

E) another name for nominal GDP.

 

15) Potential GDP

A) is the same as real GDP.

B) is the same as nominal GDP.

C) is another name for the Lucas Wedge.

D) is the level of output produced when the economy is fully employed.

E) shows that the Okun Gap vastly exceeds the Lucas Wedge.

 

16) If New Zealand is operating at potential GDP, which of the following is true?

i)New Zealand only has frictional and structural unemployment.

ii)There is no inflation in New Zealand.

iii)New Zealand has positive net exports.

A) i, ii and iii

B) i only

C) i and ii

D) i and iii

E) ii only

17) The idea that potential GDP is the sustainable upper limit of production means that

A) real GDP may be temporarily larger than potential GDP, but not permanently.

B) the economy is operating environmentally efficiently.

C) real GDP may be temporarily less than potential GDP.

D) inflation must always occur in a growing economy.

E) unemployment can only temporarily be zero in a healthy economy.

 

18) Suppose an economist stated that Brazil had achieved its potential GDP 2013. This would imply that at this level of real GDP, Brazil experienced

A) peak in its business cycle in 2013.

B) unemployment equal to zero.

C) inflation equal to zero.

D) full employment.

E) a negative Okun Gap.

 

19) Suppose Germany’s economy is experiencing full employment. This means that, in Germany,

A) the unemployment rate is equal to zero.

B) real GDP is equal to potential GDP.

C) real GDP is greater than potential GDP.

D) potential GDP is greater than real GDP.

E) real GDP equals nominal GDP.

20) At full employment, actual ________ equals ________.

A) nominal GDP; potential GDP

B) real GDP; potential GDP

C) real GDP; nominal GDP

D) potential GDP; nominal GDP

E) unemployment; zero

 

 

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July 1, 2023
    

The Department of Homeland Security
The Department of Homeland Security offered a unique insight into how this cabinet level agency viewed the issue.
The 2014 Quadrennial Homeland Security Review (QHSR) was the document to offer this perspective.

The QHSR is an important foundational document in this discussion as it established multiple resilience goals and
objectives in the areas of critical infrastructure, supply chain systems, and cyber. The resilience of all of these areas,
and other sectors covered by the QHSR is a national imperative. Recent threat activities in the cyber sphere
underscores this need. From OPM, and Home Depot, to EQUIFAX and even the Department of Homeland Security itself
have suffered breaches.

DHS specifically noted in the Quadrennial Homeland Security Review (QHSR):

This second quadrennial review reflects a more focused, collaborative Departmental strategy, planning, and
analytic capability. The risk-informed priorities set forth in this Review will drive operational planning, as well as
analysis of resource and capability options and tradeoffs over the next four years. The Review also recognizes the
responsibility the Department shares with hundreds of thousands of people across the federal, state, local, tribal,
and territorial governments, the private sector, and other nongovernmental organizations, and provides a path
forward for engaging in public-private partnerships. These are the people who regularly interact with the public,
who are responsible for public safety and security, which own and operate our nation’s critical infrastructure and
services, who perform research and develop technology, and who keep watch, prepare for, and respond to
emerging threats and disasters.

It should come as no surprise that one of the five QHSR missions is devoted to resilience: Mission 5 – Strengthening
National Preparedness and Resilience. It should be noted the Congressionally mandated 2018 QHSR was never
released.

But there are even more agencies, within the Department of Homeland Security such as the Federal Emergency
Management Agency, (FEMA) which released the country's first-ever National Preparedness Goal in 2011. Again,
another foundational document dealing with resilience.

(Image: https://www.cisa.gov/)

The creation, in 2018, of the DHS Cybersecurity and Infrastructure Security Agency (CISA) assed to the national
resilience effort. According to that agency’s web site:

We coordinate security and resilience efforts using trusted partnerships across the private and public sectors and
deliver technical assistance and assessments to federal stakeholders as well as to infrastructure owners and operators
nationwide. CISA (n.d.) also delivers insights on these assessments related to current capabilities to identify gaps,
which—along with an examination of emerging technologies—help determine the demand for future capabilities (both
near- and long-term).

CISA has developed Sector Coordinating Councils (SCC) that are, “self-organized and self-governed councils that
enable critical infrastructure owners and operators, their trade associations, and other industry representatives to
interact on a wide range of sector-specific strategies, policies, and activities. The SCCs coordinate and collaborate with
sector-specific agencies (SSAs) and related Government Coordinating Councils (GCCs) to address the entire range of
critical infrastructure security and resilience policies and efforts for that sector.”

Finally, perhaps the document that is most talked about regarding resilience is President Policy Directives-8 or PDD-8.
Within this PDD a vision is presented for nationwide preparedness and identifies the core capabilities and targets
necessary to achieve preparedness across the following five mission areas: prevention, protection, mitigation,
response and recovery. Recognizing that preparedness is a shared responsibility, Presidential Policy Directive / PPD-8:
National Preparedness was signed by the President on March 30, 2011.

At its core, PPD-8 requires the involvement of everyone—not just the government—in a systematic effort to keep the
nation safe from harm and resilient when struck by hazards, such as natural disasters, acts of terrorism and
pandemics. When you think about it in the purest sense, isn’t that what resilience as an element of Homeland Security
really is?

One other Homeland Security resilience issue that has received a lot of focus from DHS’ Office of Academic
Engagement or OAE is the new Campus Resilience program. Released in April of 2018 this program which was based
on TableTop Exercises (TTX). This effort is driven by active shooter type events.

This policy directive calls on federal departments and agencies to work with the whole community to develop a
national preparedness goal and a series of frameworks and plans related to reaching the goal.

To help resilience get the kind of academic focus that it should the Department of Homeland Security Science and
Technology Directorate Office of University programs has established two academic centers of excellence. One is at the
University of North Carolina (Chapel Hill) – Coastal Resilience Center or CRC and one at the University of Illinois
Champaign-Urbana – the Critical Infrastructure Resilience Institute or CIRI. To get an understand of the research that
has done please visit these links:

https://coastalresiliencecenter.unc.edu/

https://ciri.illinois.edu/

Finally, to get a real sense of where the issue of Homeland Security and resilience stands entering 2021 listen to the
speech by Dr. Stephen Flynn, the Founding Director of the Global Resilience Institute at Northeastern University, and
one of America’s true experts on resilience. The link for this closed caption “Skype speech” from the 2020 Maritime

Risk Symposium provides Dr. Flynn’s perspective on maritime resilience in the face of growing human-made and
naturally occurring turbulence.

As you consider this issue keep in mind that the new Administration has issued Interim National Security Strategic
Guidance. Noted the Congressional Research Service:

In drafting national security strategies, every administration faces central questions about how the U.S.
government should define and advance national security. The Biden Administration argues that the COVID-19
pandemic and other systemic issues, including (but not limited to) climate change and the rise of anti-democratic
authoritarian populism, are forcing the United States to take an expansive view of what constitutes matters of
national security. In so doing, the INSSG articulates some continuity with the Trump Administration in identifying
the challenge that strategic competition with China poses to U.S. national security. (Congressional Research
Service)

What will be the impact on national resilience with this framework for the National Security Strategy? This is what the
Congressional Research Service noted:

How might Interagency Resources be Rebalanced? Since 2001, the Department of Defense (DOD) and U.S.
military have taken on missions beyond traditional warfighting responsibilities (including, but not limited to,
providing more security assistance and assisting with international disease responses). The State Department,
the U.S. Agency for International Development (USAID), the U.S. Trade Representative, and other agencies
provide critical national security capabilities, but possess narrower authorities and command fewer budgetary and
personnel resources.

How does national resilience get impacted or does it? Is there a direct connection between the NSS and national
resilience?

default image
July 1, 2023
    

The Department of Homeland Security
The Department of Homeland Security offered a unique insight into how this cabinet level agency viewed the issue.
The 2014 Quadrennial Homeland Security Review (QHSR) was the document to offer this perspective.

The QHSR is an important foundational document in this discussion as it established multiple resilience goals and
objectives in the areas of critical infrastructure, supply chain systems, and cyber. The resilience of all of these areas,
and other sectors covered by the QHSR is a national imperative. Recent threat activities in the cyber sphere
underscores this need. From OPM, and Home Depot, to EQUIFAX and even the Department of Homeland Security itself
have suffered breaches.

DHS specifically noted in the Quadrennial Homeland Security Review (QHSR):

This second quadrennial review reflects a more focused, collaborative Departmental strategy, planning, and
analytic capability. The risk-informed priorities set forth in this Review will drive operational planning, as well as
analysis of resource and capability options and tradeoffs over the next four years. The Review also recognizes the
responsibility the Department shares with hundreds of thousands of people across the federal, state, local, tribal,
and territorial governments, the private sector, and other nongovernmental organizations, and provides a path
forward for engaging in public-private partnerships. These are the people who regularly interact with the public,
who are responsible for public safety and security, which own and operate our nation’s critical infrastructure and
services, who perform research and develop technology, and who keep watch, prepare for, and respond to
emerging threats and disasters.

It should come as no surprise that one of the five QHSR missions is devoted to resilience: Mission 5 – Strengthening
National Preparedness and Resilience. It should be noted the Congressionally mandated 2018 QHSR was never
released.

But there are even more agencies, within the Department of Homeland Security such as the Federal Emergency
Management Agency, (FEMA) which released the country's first-ever National Preparedness Goal in 2011. Again,
another foundational document dealing with resilience.

(Image: https://www.cisa.gov/)

The creation, in 2018, of the DHS Cybersecurity and Infrastructure Security Agency (CISA) assed to the national
resilience effort. According to that agency’s web site:

We coordinate security and resilience efforts using trusted partnerships across the private and public sectors and
deliver technical assistance and assessments to federal stakeholders as well as to infrastructure owners and operators
nationwide. CISA (n.d.) also delivers insights on these assessments related to current capabilities to identify gaps,
which—along with an examination of emerging technologies—help determine the demand for future capabilities (both
near- and long-term).

CISA has developed Sector Coordinating Councils (SCC) that are, “self-organized and self-governed councils that
enable critical infrastructure owners and operators, their trade associations, and other industry representatives to
interact on a wide range of sector-specific strategies, policies, and activities. The SCCs coordinate and collaborate with
sector-specific agencies (SSAs) and related Government Coordinating Councils (GCCs) to address the entire range of
critical infrastructure security and resilience policies and efforts for that sector.”

Finally, perhaps the document that is most talked about regarding resilience is President Policy Directives-8 or PDD-8.
Within this PDD a vision is presented for nationwide preparedness and identifies the core capabilities and targets
necessary to achieve preparedness across the following five mission areas: prevention, protection, mitigation,
response and recovery. Recognizing that preparedness is a shared responsibility, Presidential Policy Directive / PPD-8:
National Preparedness was signed by the President on March 30, 2011.

At its core, PPD-8 requires the involvement of everyone—not just the government—in a systematic effort to keep the
nation safe from harm and resilient when struck by hazards, such as natural disasters, acts of terrorism and
pandemics. When you think about it in the purest sense, isn’t that what resilience as an element of Homeland Security
really is?

One other Homeland Security resilience issue that has received a lot of focus from DHS’ Office of Academic
Engagement or OAE is the new Campus Resilience program. Released in April of 2018 this program which was based
on TableTop Exercises (TTX). This effort is driven by active shooter type events.

This policy directive calls on federal departments and agencies to work with the whole community to develop a
national preparedness goal and a series of frameworks and plans related to reaching the goal.

To help resilience get the kind of academic focus that it should the Department of Homeland Security Science and
Technology Directorate Office of University programs has established two academic centers of excellence. One is at the
University of North Carolina (Chapel Hill) – Coastal Resilience Center or CRC and one at the University of Illinois
Champaign-Urbana – the Critical Infrastructure Resilience Institute or CIRI. To get an understand of the research that
has done please visit these links:

https://coastalresiliencecenter.unc.edu/

https://ciri.illinois.edu/

Finally, to get a real sense of where the issue of Homeland Security and resilience stands entering 2021 listen to the
speech by Dr. Stephen Flynn, the Founding Director of the Global Resilience Institute at Northeastern University, and
one of America’s true experts on resilience. The link for this closed caption “Skype speech” from the 2020 Maritime

Risk Symposium provides Dr. Flynn’s perspective on maritime resilience in the face of growing human-made and
naturally occurring turbulence.

As you consider this issue keep in mind that the new Administration has issued Interim National Security Strategic
Guidance. Noted the Congressional Research Service:

In drafting national security strategies, every administration faces central questions about how the U.S.
government should define and advance national security. The Biden Administration argues that the COVID-19
pandemic and other systemic issues, including (but not limited to) climate change and the rise of anti-democratic
authoritarian populism, are forcing the United States to take an expansive view of what constitutes matters of
national security. In so doing, the INSSG articulates some continuity with the Trump Administration in identifying
the challenge that strategic competition with China poses to U.S. national security. (Congressional Research
Service)

What will be the impact on national resilience with this framework for the National Security Strategy? This is what the
Congressional Research Service noted:

How might Interagency Resources be Rebalanced? Since 2001, the Department of Defense (DOD) and U.S.
military have taken on missions beyond traditional warfighting responsibilities (including, but not limited to,
providing more security assistance and assisting with international disease responses). The State Department,
the U.S. Agency for International Development (USAID), the U.S. Trade Representative, and other agencies
provide critical national security capabilities, but possess narrower authorities and command fewer budgetary and
personnel resources.

How does national resilience get impacted or does it? Is there a direct connection between the NSS and national
resilience?

default image
July 1, 2023
    

The Department of Homeland Security
The Department of Homeland Security offered a unique insight into how this cabinet level agency viewed the issue.
The 2014 Quadrennial Homeland Security Review (QHSR) was the document to offer this perspective.

The QHSR is an important foundational document in this discussion as it established multiple resilience goals and
objectives in the areas of critical infrastructure, supply chain systems, and cyber. The resilience of all of these areas,
and other sectors covered by the QHSR is a national imperative. Recent threat activities in the cyber sphere
underscores this need. From OPM, and Home Depot, to EQUIFAX and even the Department of Homeland Security itself
have suffered breaches.

DHS specifically noted in the Quadrennial Homeland Security Review (QHSR):

This second quadrennial review reflects a more focused, collaborative Departmental strategy, planning, and
analytic capability. The risk-informed priorities set forth in this Review will drive operational planning, as well as
analysis of resource and capability options and tradeoffs over the next four years. The Review also recognizes the
responsibility the Department shares with hundreds of thousands of people across the federal, state, local, tribal,
and territorial governments, the private sector, and other nongovernmental organizations, and provides a path
forward for engaging in public-private partnerships. These are the people who regularly interact with the public,
who are responsible for public safety and security, which own and operate our nation’s critical infrastructure and
services, who perform research and develop technology, and who keep watch, prepare for, and respond to
emerging threats and disasters.

It should come as no surprise that one of the five QHSR missions is devoted to resilience: Mission 5 – Strengthening
National Preparedness and Resilience. It should be noted the Congressionally mandated 2018 QHSR was never
released.

But there are even more agencies, within the Department of Homeland Security such as the Federal Emergency
Management Agency, (FEMA) which released the country's first-ever National Preparedness Goal in 2011. Again,
another foundational document dealing with resilience.

(Image: https://www.cisa.gov/)

The creation, in 2018, of the DHS Cybersecurity and Infrastructure Security Agency (CISA) assed to the national
resilience effort. According to that agency’s web site:

We coordinate security and resilience efforts using trusted partnerships across the private and public sectors and
deliver technical assistance and assessments to federal stakeholders as well as to infrastructure owners and operators
nationwide. CISA (n.d.) also delivers insights on these assessments related to current capabilities to identify gaps,
which—along with an examination of emerging technologies—help determine the demand for future capabilities (both
near- and long-term).

CISA has developed Sector Coordinating Councils (SCC) that are, “self-organized and self-governed councils that
enable critical infrastructure owners and operators, their trade associations, and other industry representatives to
interact on a wide range of sector-specific strategies, policies, and activities. The SCCs coordinate and collaborate with
sector-specific agencies (SSAs) and related Government Coordinating Councils (GCCs) to address the entire range of
critical infrastructure security and resilience policies and efforts for that sector.”

Finally, perhaps the document that is most talked about regarding resilience is President Policy Directives-8 or PDD-8.
Within this PDD a vision is presented for nationwide preparedness and identifies the core capabilities and targets
necessary to achieve preparedness across the following five mission areas: prevention, protection, mitigation,
response and recovery. Recognizing that preparedness is a shared responsibility, Presidential Policy Directive / PPD-8:
National Preparedness was signed by the President on March 30, 2011.

At its core, PPD-8 requires the involvement of everyone—not just the government—in a systematic effort to keep the
nation safe from harm and resilient when struck by hazards, such as natural disasters, acts of terrorism and
pandemics. When you think about it in the purest sense, isn’t that what resilience as an element of Homeland Security
really is?

One other Homeland Security resilience issue that has received a lot of focus from DHS’ Office of Academic
Engagement or OAE is the new Campus Resilience program. Released in April of 2018 this program which was based
on TableTop Exercises (TTX). This effort is driven by active shooter type events.

This policy directive calls on federal departments and agencies to work with the whole community to develop a
national preparedness goal and a series of frameworks and plans related to reaching the goal.

To help resilience get the kind of academic focus that it should the Department of Homeland Security Science and
Technology Directorate Office of University programs has established two academic centers of excellence. One is at the
University of North Carolina (Chapel Hill) – Coastal Resilience Center or CRC and one at the University of Illinois
Champaign-Urbana – the Critical Infrastructure Resilience Institute or CIRI. To get an understand of the research that
has done please visit these links:

https://coastalresiliencecenter.unc.edu/

https://ciri.illinois.edu/

Finally, to get a real sense of where the issue of Homeland Security and resilience stands entering 2021 listen to the
speech by Dr. Stephen Flynn, the Founding Director of the Global Resilience Institute at Northeastern University, and
one of America’s true experts on resilience. The link for this closed caption “Skype speech” from the 2020 Maritime

Risk Symposium provides Dr. Flynn’s perspective on maritime resilience in the face of growing human-made and
naturally occurring turbulence.

As you consider this issue keep in mind that the new Administration has issued Interim National Security Strategic
Guidance. Noted the Congressional Research Service:

In drafting national security strategies, every administration faces central questions about how the U.S.
government should define and advance national security. The Biden Administration argues that the COVID-19
pandemic and other systemic issues, including (but not limited to) climate change and the rise of anti-democratic
authoritarian populism, are forcing the United States to take an expansive view of what constitutes matters of
national security. In so doing, the INSSG articulates some continuity with the Trump Administration in identifying
the challenge that strategic competition with China poses to U.S. national security. (Congressional Research
Service)

What will be the impact on national resilience with this framework for the National Security Strategy? This is what the
Congressional Research Service noted:

How might Interagency Resources be Rebalanced? Since 2001, the Department of Defense (DOD) and U.S.
military have taken on missions beyond traditional warfighting responsibilities (including, but not limited to,
providing more security assistance and assisting with international disease responses). The State Department,
the U.S. Agency for International Development (USAID), the U.S. Trade Representative, and other agencies
provide critical national security capabilities, but possess narrower authorities and command fewer budgetary and
personnel resources.

How does national resilience get impacted or does it? Is there a direct connection between the NSS and national
resilience?

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August 5, 2021
    

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customer #10923
Psychology, 4 pages
Essay (any type)
August 5, 2021
    

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customer #17823
Business, 8 pages

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550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
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  • Double line spacing
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