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 second 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 termination to finish it (probably all other students are feeling the equivalent way); iv. No cheating lead be tole regulated! forefathert gurgle to some(pre tokenish) other student, take for grantedt search at any other exam, dont reserve any book or notes open around you, and dont use cell phones or MP3 players. Any suspect 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 helping and telephone: just try the best you can. Part I ternary Choices (2 points e ach, 8 points total) 1) Assume the economy is initially operational at the born(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 pursual? 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 recompense will become more sensitive to changes in unemployment. B) a decrease in unemployment will have a smaller effect on inflation. C) the natural rate of unemployment 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. 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 dear essay, order it on our website: OrderCustomPaper.com

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