Summarize the US prison system by discussing in a well-struc…

Summarize the US prison system by discussing in a well-structured narrative, the following two points: Summarize the development of early American corrections. What were distinctions between the major systems? Describe the difference between a jail, a state prison, and a penitentiary. Use examples, historical information, or any other examples to enhance your response.

Suppose the Federal Reserve decreases interest rates from 4%…

Suppose the Federal Reserve decreases interest rates from 4% to 3%, which shifts aggregate demand and increases short-run output to 2.0%. If there are no other shocks to the economy, and the resulting change in inflation is 5.0 percentage points, what is the value of the parameter