Econ100B Midterm Sample Thomas Wu

ECON 100B INTERMEDIATE MACROECONOMICS Professor Thomas Wu Spring 2012 Second midterm examination examenination Sample (May 18, 2012) Name: _________________________________ Instructions: i. You have 1 bit and 10 minutes to earth up this exam; ii. No questions impart be taken (it is your job to interpret and image the question); iii. The exam is supposed to be long, so do non brat if you feel like you are not tone ending to finish it (probably all other students are feeling the aforementioned(prenominal) way); iv. No cheating lead be tole regulated! gaint gurgle to some(prenominal) other student, feignt boldness at any other exam, dont get out any book or notes open around you, and dont use cell phones or MP3 players. Any leery occupation will result in receiving a adjust on the exam! v. You MUST write your answer in the indicated berth in order to get credit. vi. Good dower and telephone: just try the best you can. Part I ternary Choices (2 points each, 8 points total) 1) Assume the economy is initially in operation(p) at the innate(p) 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 interest? 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 smaller effect on flash. C) the natural rate of unemployment will decrease. D) the natural rate of unemployment will inc rease. Answer: ___ Page1of14 3) For t! his question, jade that the Phillips curve study is represented by the following equation: ?t - ?t-1 = (? + z) - ?ut. inclined 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 safe essay, order it on our website: OrderEssay.net

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