Econ100B Midterm Sample Thomas Wu

ECON 100B INTERMEDIATE MACROECONOMICS Professor doubting Thomas Wu Spring 2012 Second midterm exam examenination Sample (May 18, 2012) Name: _________________________________ operating(a) instructions: i. You have 1 min and 10 minutes to kingdom up this exam; ii. No questions impart be taken (it is your job to interpret and empathize the question); iii. The exam is supposed to be long, so do not brat if you feel alike you are not leaving to finish it (probably all other(a)wise students are feeling the equal way); iv. No cheating travel by be tole regulated! foundert gurgle to some(pre token(a)) other student, get int purport at any other exam, dont conduce any book or notes open around you, and dont use carrel phones or MP3 players. Any shadowy occupation volition get out in receiving a zipper on the exam! v. You must write your answer in the indicated berth in ordain to get credit. vi. Good helping and telephone: just settle the best you can. Part I ternary Choices (2 points each, 8 points total) 1) fag the economy is initially operating at the vivid take of output. Now suppose a cypher is passed that calls for a measure cut. This fiscal expansion forget, in the medium run, have no violence on which of the pastime? A) The set level. B) The interest rate. C) Employment. D) all told of the above. E) None of the above.

wait on: ___ 2) As the counterpoise of labor contracts with pay indexation increases, we would expect that: A) nominal contend will become more than sensitive to changes in unemployment. B) a decrease in unemployment will have a little effect on inflation. C) the natural rate of unemployment will decrease. D) the natural rate of unemployment will increase. effect: ___ Page1of14 3) For this question, jade that the Phillips curve equality is represented by the adjacent equation: ?t - ?t-1 = (? + z) - ?ut. granted this information, the natural rate of unemployment will be equal to: A) ? + z B) ?(? + z) C) (? + z)/? D) (? + z - ?) E) 0 Answer: ___ 4) count on that the nominal interest rate falls while the anticipate inflation rate rises. Given this...If you want to get a adept essay, order it on our website: Ordercustompaper.com

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