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Unformatted text preview: Page 1 of 4 ECN 203 Final Exam ECONOMICS 203 FINAL EXAM – Fall 2001 NAME _________________________________________ Student #________________________________________ (Point values in parentheses) (Exam began with 5 Questions from Midterm each worth 10 Points) (10) 6. (11.2.15) Explain the following statement: frictional and structural unemployment are both consistent with a dynamic, growing, healthy economy. (10) 7. (12.3.9) Explain what “to heat up” means in the macroeconomy and explain what causes this to occur. (10) 8. (13.2.13) Explain the role of expectations in the long term capital demand. (15) 9. (18.1.29) The Euro has become a reality. What benefits do the proponents cite as the advantage of moving to a single European currency and why would anyone oppose this new system? Page 2 of 4 ECN 203 Final Exam (20) 10. (16.4.4) Show graphically and explain how a noninterventionist argues that an interventionist policy (monetary or fiscal) is not necessary in order to eliminate unemployment. Use appropriate graphs. (15) 11. (17.2.8) Using appropriate graphs describe and explain how, ceteris paribus , increasing government borrowing affects private investors’ participation in the capital market and the level of private investment. investors’ participation in the capital market and the level of private investment....
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This test prep was uploaded on 04/10/2008 for the course ECN 203 taught by Professor Evensky during the Fall '07 term at Syracuse.
- Fall '07