Answer:
Jim will earn more money than Allison.
Explanation:
The average salary for someone with a 4 year college degree is $51,000 (2019), that doesn't mean that Jim will earn that money, he might earn more or less, but it is a useful parameter. The average salary of someone who just finished high school is $28,000 (2019).
If we compare both average national salaries, we can assume that Jim will earn much more than Allison.
Answer:
Increased
Explanation:
In the case when there is a fall in the potential output and at the same time the actual output remains the same so here the fund rate should be increased as per the taylor rule as it decrease the output that result in the output gap to fall
So as per the given situation, the fed fund rate should be increased
Hence, the same is to be increased
B. Evaluation
Evaluating means to systematically determine somethings merits and significance, including the seriousness or gravity of a problem.
