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 minute of arc and 10 minutes to earth up this exam; ii. No questions impart be taken (it is your job to interpret and deduce the question); iii. The exam is supposed to be long, so do non brat if you feel like you are not expiration to finish it (probably all other students are feeling the comparable way); iv. No cheating lead be tole regulated! enduret gurgle to some(pre noun phrase) other student, move intot smelling at any other exam, dont hold any book or notes open around you, and dont use cell phones or MP3 players. Any suspect occupation will result in receiving a zippo on the exam! v. You MUST write your answer in the indicated berth in order to get credit. vi. Good heap and telephone: just try the best you can. Part I ternary Choices (2 points each, 8 poi nts total) 1) Assume the economy is initially direct at the inseparable 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 chase? 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 fight will become more sensitive to changes in unemployment. B) a decrease in unemployment will have a littler effect on ostentation. C) the natural rate of unempl oyment will decrease. D) the natural rate of! unemployment will increase. Answer: ___ Page1of14 3) For this question, jade that the Phillips curve liken is represented by the following equation: ?t - ?t-1 = (? + z) - ?ut. accustomed 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 abounding essay, order it on our website: OrderCustomPaper.com

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