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- Write a summary and answer the question(s) for ONE of the following articles.
- 1. "Oil & Gas Boom Lifts U.S. Economy," WSJ, February 8
- a. How has the oil an Agg S & Agg D Model to illustrate the impact of the oil and gas boom.
- 2. "Will China's Yuan Rival the Dollar?" WSJ, February 8
- a. Explain what determines a currency's status as a reserve currency?
- b. Evaluate whether or not the Yuan will evolve into a reserve currency in the near future.
- 3. "An American History Lesson for Europe," WSJ, February 3
- a. Compare the 1789 bailout and the attempted 1840 bailout.
- b. What was the effect of the federal government'srefusal to bail out the states in 1840?
- c. Should the ECB bail out Greece, Portugal, Spain, et. al?
- d. Should the Federal Government bail out Illinois?
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