1. What is Say’s Law? How does it differ from Keynes view of the Classical theory?

2. Briefly explain any two factors that would shift the Aggregate Supply curve.

3. Briefly explain any two factors that would shift the Aggregate Demand curve.

4. What is Asymmetric Information? Differentiate between Adverse Selection and Moral Hazard.

5. What is Agency Problem? How does it relate to the Principal-Agent Problem?

6. What is Liquidity Trap? How does it differ from the Credit Crunch?

7. Briefly explain the three instruments of monetary policy utilized by the Federal Reserve Bank (FED).

8. What is Quantitative Easing? Compare expansionary and tight Open Market Operations.

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Discuss chemical dependency as either a primary or secondary concern for disaster management. List three potential concerns and identify a possible solution for each. Choose and defend which one is the primary solution.

here are three different answers just paraphrase really one good answer

Answer #1

During disasters, victims experience a wide variety of reactions, most of which revolve around about their natural response to difficult times. Stress, due to exposure to disasters is one of the concerns during disaster management that leads to increased chemical dependency among disaster victims (Adams et al., 2015). A possible solution for this issue is monitoring the emotional and physical health of the victims and reporting their needs to facilitate them being helped.

A second concern is the stressful working environment of emergency responders. During disasters, they may be required to work extra shifts under trying conditions where their resources are limited (Ko et al., 2008). The pressure, in return, may be hard to manage, and as a result, they end up turning to chemical dependency as a possible solution. Chemical dependency may affect their ability to serve victims, and therefore, they need prior counselling and adequate training to prepare them for the mental.

Finally, people suffering from chemical dependency have a hard time during disasters since they are alienated from the caretakers, medicines, recovery environments, and their loved ones. Such challenges may have an adverse effect on their recovery process and some may turn back to their previous addictions. Whereas the previous solutions were secondary, advance preparation is the primary solution to this type of issues. Preparation enables people to identify care centers set up for victims suffering from such issues, source of medicine and other necessary supplies, where to seek professional help, and, above all, be prepared to deal with an anticipated difficulties during disasters.

References

Adams, Z. W., Danielson, C. K., Sumner, J. A., McCauley, J. L., Cohen, J. R., & Ruggiero, K. J. (2015). Comorbidity of PTSD, major depression, and substance use disorder among adolescent victims of the spring 2011 tornadoes in Alabama and Joplin, Missouri. Psychiatry, 78(2), 170-185.

Ko, S. J., Ford, J. D., Kassam-Adams, N., Berkowitz, S. J., Wilson, C., Wong, M., … & Layne, C. M. (2008). Creating trauma-informed systems: child welfare, education, first responders, health care, juvenile justice. Professional Psychology: Research and Practice, 39(4), 396.

Answer #2

Chemical dependency is a secondary concern for disaster management. This is because when a crisis happens emergency managers are concerned with evacuating or treating people, not necessarily their specific conditions. Especially in large-scale emeregcencys such as Katrina. Emergency managers are worried about saving lives over treating overall conditions.

A concern with chemical dependent patients is where do you put them they may be easily agitated, sick, and will do anything to get high again. This puts others in emergency shelters at risk as well. A possible solution is to house people who are going through withdrawal or other symptoms in a different room or level to avoid confrontation.

How do you treat patients who are on methadone or other alternatives while an emergency is going on also how do you know their dosage? This becomes an issue with integrity and the lack of EMR’s that are readily accessible. The possible solution for this is to have a system or methadone clinics on wheels to access to have this information available.

The last concern is where do they go after the emergency has ended. Do the emergency teams send hem back to the same streets where they came from? These communities are not as resilient as they may seem. They may try to bounce back to their old habits and overdose because their tolerance levels have changed. I think a solution to this is to give them information and possible transportation to facilities outside of their neighborhood. This gives them the opportunity to escape the drugs and enter a new environment. This one is ideal for me because I think it can produce the most positive outcome.

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