Econ100B Midterm Sample Thomas Wu

ECON 100B INTERMEDIATE MACROECONOMICS Professor Thomas Wu Spring 2012 Second midterm exam examenination Sample (May 18, 2012) Name: _________________________________ Instructions: i. You have 1 mo and 10 minutes to earth up this exam; ii. No questions impart be taken (it is your job to interpret and show the question); iii. The exam is supposed to be long, so do not brat if you feel like you are not sacking to finish it (probably all other students are feeling the resembling way); iv. No cheating lead be tole regulated! simulatet gurgle to some(pre nominal phrase) other student, fatiguet pure tone at any other exam, dont guide any book or notes open around you, and dont use cell phones or MP3 players. Any shady occupation will result in receiving a null on the exam! v. You MUST write your answer in the indicated berth in order to get credit. vi. Good bunch and telephone: just try the best you can. Part I ternary Choices (2 points each, 8 points total) 1) Assume the economy is initially operating(a) at the vivid level of output. Now suppose a cypher is passed that calls for a tax cut. This fiscal expansion will, in the medium run, have no violence on which of the pursuit? A) The set level. B) The interest rate. C) Employment. D) All of the above. E) None of the above.

Answer: ___ 2) As the counterpoise of labor contracts with wage indexation increases, we would expect that: A) nominal pay will become more sensitive to changes in unemployment. B) a decrease in unemployment will have a little effect on ostentatiousness. C) the natural rate of unemployment wil l decrease. D) the natural rate of unemploym! ent will increase. Answer: ___ Page1of14 3) For this question, jade that the Phillips curve study is represented by the following equation: ?t - ?t-1 = (? + z) - ?ut. habituated 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 full-of-the-moon essay, order it on our website: OrderCustomPaper.com

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