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Madame Tussaud Novel and In Memoriam Poem

Madame Tussaud Novel and In Memoriam Poem

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Introduction

In Memoriam is a series of poems composed by Alfred Lord Tennyson over a period of seventeen years (1833-1849). The poems describe emotional experiences of the narrator after the death of his close friend, Arthur Hallam. They describe Tennyson’s grief over the death of Hallam and the impact that the grief has on his life (Hass, Jasper & Jay, 2007). Tennyson expresses his emotional experiences in various stages of grief, his perceptions and responses to various issues and his strategies to overcome the grief. The key elements that are explicit in the series of poems are Tennyson’s grief over Hallam’s death, his battle with religious doubts and his philosophical view of nature (Williams, 2012). The series of poems has 133 cantos (stanzas). In Memoriam has influenced numerous writers for over one and half decade. Among the recent writings influenced by the poem is Madame Tussaud: A novel of the french revolution by Michelle Moran that was released in 2011. This examines features that are common in both the poem and the novel.

Discussion

Although Madame Tussaud and In Memoriam focus on different issues, the writer of Madame Tussaud could have borrowed some ideas from In Memoriam. Clearly, both In Memoriam and Madame Tussaud are based on autobiography stories that are less fictional. In In Memoriam, Tennyson records an autobiography process about his own experiences after the death of his Hallam. Tennyson was influenced by a real issue that had occurred before. Hallam, one of Tennyson’s best friends died suddenly in 1833 while travelling through Europe. The experience of Tennyson after the death of Hallam formed the basis for the work. In the beginning, Tennyson shows how he is suffering from grief after learning about the death of Hallam. He finds it hard to accept that Hallam is dead (Tennyson, 2006). After realizing that the grief has a great negative effect on his life, he decides to downplay the experience by relating it to the negative experiences that other people go through every day. He also dismisses the negative experience as normal. However, he finds that he is still experiencing stress. He decides to seek resolution in Christianity. He tries to find answer to his problem from the bible, in the New Testament (Tennyson, 2006).

However, he does not get a definite answer. As a result, he starts doubting Christianity. He wonders how God can let mankind suffer, yet He is said to be good and powerful. He wonders about the purpose of life and finds nature to have a wasteful appearance (Tennyson, 2006). As a result, he becomes quite distressed and sad. He starts to view things from a philosophical point of view. Eventually, he decides to stick to the Christian faith and believes in the idea of eternal life after death. He believes that he will meet with Hallam after his own death. He accepts the situation and decides not to isolate himself from other people. He eventually marries and starts focusing on developing his own life. Generally, In Memoriam reflects Tennyson’s real traumatic experience after the death of Hallam (Tennyson, 2006).

Similarly, Madame Tussaud presents an autobiography that is based on a real story of Marie Tussaud. The year is 1788 and a French revolution is about to start. Marie Tussaud, a young and ambitious young, has been working with her uncle in a wax medium called Salon de Cire and has just learnt how to use wax to make sculptors. She uses her skills to create sculptures that communicate current issues to Parisians (Moran, 2011). She communicates latest issues on politics, gossip and fashion. Her work attracts different segments of the Parisian population but she aims to attract the attention of King Louis XVI and Queen Marie Antoinette. She believes that the approval of the two can help to catapult the museum and her work to fame and riches. As she waits to achieve her dreams, she learns that the loyal family is planning to visit the museum. After they arrive, they are highly impressed by her work. The king’s sister invites her to Versailles to teach Princess Élisabeth about wax sculpting. In response to the request, she changes her plans to visit her friend, Henri Charles, and her beloved salon (Moran, 2011). As she gets to know Princesse Élisabeth, she is also introduced to the king and queen. She finds the life there to be quite different from her life back home. She finds that the royal family and their friends are living a lavish life whereas people back home at Boulevard du Temple are suffering from poverty to the extent that they are selling their teeth to get money for food.

Meanwhile, a lot of people resent the huge gap existing between the poor and the rich. In cafes and salons, people like Maximilien Robespierre, Jean-Paul Marat and Camille Desmoulins are influencing people to lash out against the monarchy (Moran, 2011). As the talk against the monarchy increases, people start planning a revolution. People start being executed by guillotine on ridiculous charges. Marie is put on the list of traitors due to her relationship with the loyal family. She is among those who are going to be sentenced to death but the revolutionaries allow her to live on the condition that she uses her skills to make death masks of leaders who have been beheaded (Moran, 2011)

Secondly, Madame Tussaud and In Memoriam describe emotional experiences. In Memoriam describes Tennyson’s emotional experiences during the grieving period whereas Madame Tussaud describes emotional experience of Marie Tussaud during a turbulent period. Tennyson experiences great shock after the death of Hallam which later translates into deep stress. He is extremely obsessed to the death of Hallam to the extent that he feels that life has lost meaning to him. It makes him sad to realize that he will not see Haram again. At some point, he even visits the house where Haram was living. In Canto 7, he says “Behold me, for I cannot sleep, and like a guilty thing I creep at earliest morning to the door” (Tennyson, 2006). He is so obsessed to the extent that he feels like he has become insane. In Canto 16, he says “Or has the shock, so harshly given, confused me like the unhappy bark that strikes by night a craggy shelf, and staggers blindly ere she sinks? And stunned me from my power to think and all my knowledge of myself” (Block et al., 2007). Generally, In Memoriam portrays the emotional experiences that people go through after losing their loved ones through death. The grieving process takes several phases. Initially, people try to overcome the shock and stress through self-preservation strategies. When self-preservation strategies fail to give positive results, people try alternative ways of reducing the stress. If the alternative solutions do not work, an individual may become very distressed. Eventually, the distress ends when an individual accepts the reality and establishes strategies to move on with life.

Madame Tussaud, on the other hand, tries to portray how people may go through distressful emotional experiences during periods of political crises. Marie Tussaud finds herself in a situation where she has to balance between friendship with the royal family and love for her life. Being put in the list of traitors can cause an individual to have deep emotional stress. The experience can be much worse when one knows that he/she is going to be sentenced to death. Although Marie is not sentenced to death, she obviously experiences further emotional torture when she is held in prison and forced to make death masks from severed heads of beheaded leaders.

Conclusion

In conclusion, Madame Tussaud and In Memoriam have two common features, despite the fact that they present entirely different and unrelated stories. As explained in the essay, both present autobiographies of the characters based on real events that had occurred. While In Memoriam is based on real experience of Tennyson after the death of Hallam, Madame Tussaud presents a real story of experiences of Marie Tussaud in Paris, France. Secondly, both of them portray emotional experiences of the key characters. Madame Tussaud portrays the emotional distress experienced by Marie Tussaud during the political crisis in France while In Memoriam portrays the emotional distress that Tennyson goes through as he mourns the death of Hallam. Generally, both the novel and the poem are quite interesting.

References

Block, S. D. et al. (2007). An Empirical Examination of the Stage Theory of Grief. JAMA.

297(7)716-723.

Hass, A., Jasper, D. & Jay, E (2007). The Oxford Handbook of English Literature and Theology.

Oxford University Press

Moran, M. (2011). Madame Tussaud. London: Quercus

Tennyson, A (2006). “In Memoriam A.H.H.” Norton Anthology of English Literature Vol.

II  (eighth ed.). Ed. Stephen Greenblatt. New York: Norton

Williams, T. O. A (2012). Therapeutic Approach to Teaching Poetry. London: Palgrave

Macmillan

Macroeconomics Questions

Macroeconomics Questions

Question 1

Over the past two decades, the United States has persistently had a trade deficit.

Question 2

In an open- economy macroeconomic model, the market for loanable funds identity can be written as, S=I+NCO

Question 3

In reference to the figure, which of the following shifts show the effects of an import quota?

None of the above is correct.

Question 4

In reference to the figure, if the interest rates were initially at r2 and import quota was imposed, the interest rate would decrease because demand would shift to the left.

Question 5

In reference to the figure, if the economy were initially in equilibrium at r2 and the government removed import quotas, the exchange rate would appreciate to E4.

Question 6

Suppose that U.S citizens start saving more. What does this imply about the supply of loanable funds and the equilibrium real interest rate? What happens to the real exchange rate?

This would imply an increase in the supply of loanable funds since loanable funds consist of bank loans and household savings. This would also imply a fall in interest rates due to excess supply of loanable funds. The real exchange rate will decline since lower interest rates will attract investors from abroad thereby increasing net capital outflow. This in turn causes the supply of the US dollar to rise.

Question 7

Aggregate demand shifts to the left if the money supply decreases

False

Question 8

Which of the following adjusts to bring aggregate supply and demand into balance?

The price level and real output

Question 9

Other things the same, the aggregate quantity of goods demanded decreases if

All of the above are correct

Question 10

State at least four variables besides real GDP that tend to decline during recessions? Give the definition of real GDP, argue that decline in these variables are to be expected.

Employment

Investment spending

Household income

Inflation

GDP is the money value of all goods and services that are produced within the borders of a country within a specific period of time. It comprises all public and private consumption, investments, government outlays, and exports less exports within a defined territory.

Question 11

Make a list of at least 5 things that would shift the aggregate demand curve to the right.

Increase in consumption spending.

Increased investment.

Increased government spending.

Net exports.

Aggregate expenditure.

Question 12

In reference to the figure, an increase in the money supply would move the economy from C to B in the short run and A in the long run.

Question 13

In reference to the figure, if the economy is at A and there is a fall in aggregate demand in the short run, the economy moves to D

Question 14

During recessions which type of spending falls?

Consumption and investment

Question 15

According to the theory of liquidity preference, the money supply and money demand are positively related to the interest rate.

Question 16

The multiplier is computed as MPC/ (1-MPC)

False. The multiplier is given by 1/ (1-MPC)

Question 17

In the figure, which of the following sequences shows the logic of the interest rate effect?

1,2,3,4

Question 18

Other things the same, which of the following responses would we expect from a decrease in U.S interest rates?

People chose to hold more currency

Question 19

What is the difference between monetary policy and fiscal policy?

Monetary policy relates to lowering and raising interest rates by the central bank to maintain the economy at equilibrium while fiscal policy relates to tax and spending policies of the government.

Question 20

Suppose there is no crowding out effects and the MPC is 9. By how much must the government increase expenditures to shift the aggregate demand curve to the right by $10 billion?

Question 21

When the Fed increases the money supply, the interest rate decreases. This decrease in the interest rate increases consumption and investment demand so the aggregate demand curve shifts to the right. (True or False).

True

Question 22

The misery index is calculated as the inflation rate plus the unemployment rate

Question 23

In the long run, there is a tradeoff between the inflation rate and the natural rate of unemployment.

Question 24

In the short run, policy that changes aggregate demand changes both unemployment and the price level

Question 25

In reference to the figure, if the economy starts at c (left graph) and 1 (right graph), then in the short run, an increase in government expenditures moves the economy to b and 3

Question 26

In reference to the figure, if the economy starts at c (left graph) and 1 (right graph), then in the short run, a decrease in aggregate demand moves the economy to d and 3

Question 27

If macroeconomic policy expands aggregate demand, unemployment will fall and inflation will rise in the short run. (True or False).

True

Question 28

Suppose that the Fed unexpectedly pursues contractionary monetary policy. What will happen to unemployment in the short run? What will happen to unemployment in the long run?

Contractionary monetary policy has an effect of causing more unemployment in the short run since employers will realize that wages have risen and thereby cut back on the demand of labor. In the long run monetary policy can only affect the rate of inflation but not the rate of unemployment.

Question 29

President George W. Bush and the congress cut taxes and raised government expenditures in 2003. According to the aggregate supply and aggregate demand model only the increase in government expenditures would tend to increase output.

Question 30

If the unemployment rate rises, which policies would be appropriate to reduce it?

Increase money supply, cut taxes

Question 31

Explain the in arguments in favor of economic stabilization

Economic stabilization is very important in the economy since it eliminates excessive fluctuations in the economy. A stable economy is one that has constant output growth and low inflation. An economy that is not stabilized is characterized by frequent recessions, financial crisis, and high levels of inflations. A stable economy makes essentials like shelter and food affordable and available to the citizens.

Question 32

Which of the programs below would transfer wealth from the young to the old?

Taxes are raised to provide more generous social security benefits

Question 33

Some countries have had high inflation for a long time. Which of the following at least in theory could explain why some countries would continue to have high inflation?

High inflation countries have relatively small sacrifice ratios and so see no need to reduce inflation.

Question 34

A consumption tax is a tax strictly on spending, while an income is a tax on salary paid for work.

It is advisable to replace income tax with consumption because when a tax on income is reduced, it gives people more disposable income. This increases their level of expenditure and at the same time promoting investment, which would promote economic growth. A tax cut on consumption only reduces the prices of commodities but do not give the citizens the ability to get money to buy the commodities.

macroeconomic-theory

Macroeconomic Theory

Name

Institution

Course

Q1a

When the interest parity condition holds and the domestic interest rate is greater than the foreign interest rate then the domestic currency is expected to decrease in value alongside the foreign currency thus a high inflation is expected in the country.

Q 1b

If the nominal interest rate is 2% in the United States and 5% in Canada one is expected to hold the United States bonds than the Canadian bonds since the high interest rate in Canada indicates expected inflation rate in the country to be high. Thus the Canadian dollars is expected to decrease in value against the United States dollar by 3% in regard to international Fisher effect.

E(e) = i$US -i $C

2% – 5% = -3%

Qc i

The market conditions may be summarized as follows:

I $= 5%, I UK pounds= 2%, S =$1.68per US pound, F= $1.55 per US pounds.

If $100 million is invested in United States, maturity value in one year will be

$100 M ( 1+0.05) = $ 105 million or

$100M may be converted to the UK pounds and be invested at the UK interest rate, with pounds maturity value sold forwarded.

($100 M *1.68)(1+.02)(1/1.55) = $109.8 M

This clearly indicates that it’s better to invest $100M in the UK.

Q C ii

Because the rate of inflation is high in the U.S, we can apply the buying power parity to estimate the exchange rate in pounds today.

E (e) = E pounds$ – E$

= 2% – 5% = – 3%

E(St) = So(1 + E(e))

= ( $1.68 per pound) (1+0.03)

= $1.68504

= $1.69 per pound.

Q2 a

Effect of reduction in taxes on output, exports, imports and net exports

A reduction in lump sum taxes may improve the economy through increased output, exports and net exports. The IS curve shifts to the right from IS to IS2. The LM curve also shifts to the right from point LM to LM1. This is illustrated in the graph below.

118554517081500203204064000

18186402597150090424015938500472440159385003816351841500IISIS2LM

106489519812000LM1

7048530543500

Y

Q2b

704857105650047244089217500 When there is a reduction in the foreign trade by one unit, but the domestic government increases spending by one unit. The will be a reduction in the domestic output, exports, net exports and imports. This is due to the changes in foreign exchange rates that affect also the domestic market. The effect tend to shift the IS curve to the left Ss1 toS2 and equilibrium point moves from E0 toE1.

7931158001000 LM

21082021971000S1

69342027940000E0

-40005107188000S2E1

Q2143700512128500783590281940007048512128500pADAS

111506099695001905002400300030746709969500

1326515-254000-7048522860000

P

2032025590500237109025590500

204978029464000P2

13265152159000

AD0

-19050073723500

Full employment curve

As the aggregate demand (AD) curve moves in, expansionary monetary policy may be implemented for AD to shifts back to starting point, output is now restored.

Q2d

The rise in government expenditure results in the curve of IS to shift to the right and an economy moves from point A to B. at this point there is a deficit in balance of payments leading to depreciation in the exchange rate. Net Exports rises as the relative rate of domestic products on global market has reduced.

1868805-203200091440026098500501655016500ISIS1

160782022606000

I

ABBOP5016527368500

50165317500Q3aY

When the domestic interest rates remain constant at 4% while the foreign interest rate increase to 6% the expected exchange rate for the domestic currency will appreciate against the foreign currency because inflation rate in the foreign market is high. The interest parity may be restored when domestic market sells its foreign reserves in order to move to 4% exchange rate or equilibrium.

Q31557655635000008064570548500bAn increase Government spending will shifts the curve of IS to the right IS- IS1. The shift leads to an increase in rate of interest. A rise in government expenditure forces the fiscal policy to provide the market with local exchange to uphold the rate of exchange constant.

49212516065500501656032500IISIS1LM

26727152997200010045701841500133667524955500 LM1

247205522860000

5016524511000IWFE

-34163057340500

Y

Q3 c

An expansionary monetary authority will move the LM curve to LM1 thus making the equilibrium to shift from point E to E1. And because the trade rates are flexible, the deficit in balance of payments will devalue the domestic money. This will results to rise in the net exports moving the IS curv

1296035773430001606551216025004000569342000IS1LMLM1IS

2582545414655001125220193167000272288012319000152717541465500-1016012319000110490149542500

-6032545085000IE1Y

Q3d

In order to maintain the pegged exchange rate when foreign interest falls. The fiscal policy makers must purchase the foreign assets through home currency. And these increase the supply of domestic money that shifts economy to its final equilibrium. There will be enhanced output through buying of domestic assets and low exports.

Q3e

The effect of increased consumer confidence in domestic economy in a fixed exchange rate. There will be increased government spending, increase in aggregate demand resulting to shift of DD1 to DD2 while the original appreciation falls from E1 to E2. The central bank is forced to acquire foreign assets by home currency. This moves the economy to equilibrium E3 at a higher output.

Q4a

A country which is in a fixed exchange rate such as China might be expected to depreciate its currency due to the following factors: the government has to invest a lot of resources in order to get foreign reserves to grow up so as to defend the fixed exchange rate. And also there is monetary ineffective as the only option in the independent fiscal policy is the exchange controls that avert traders from selling or buying domestic currency. But these exchange controls decrease trade and direct investment in foreign and encourages essence of corruption.

Q4b

The actions that policy makers may choose in response to expected currency devaluations. They can opt to reduce exchange rate and sell foreign reserves. The government can also purchase domestic assets. Taxes should be reduced to raise aggregate demand to increase appreciation in the currency.

Q4C

When the economy is operating below the natural level of output. The labor supply falls with unemployment going back to its normal rate. This only results in reduced output and the only option are to increase inflation in order reduces unemployment. Devaluation of currency will rise the inflation further other creating of employment. An increase in aggregate demand only causes to rise.

Q 4d

An economy that is operating above the natural level of output in a fixed exchange rate regime can adjust to this situation through a decrease in the domestic currency to enhance a rise in output as net export increase.