Final Exam Spring 2001

Final Exam Spring 2001 - ECONOMICS 203 FINAL EXAM Spring...

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Page 1 of 5 ECN 203 Final Exam ECONOMICS 203 FINAL EXAM – Spring 2001 NAME _________________________________________ Student #________________________________________ (Point values in parentheses) (Exam began with 5 Questions from Midterm each worth 10 Points) (10) 6. (11.2.13) Identify and explain the problem that causes structural unemployment. (10) 7. (11.2.25) Distinguish between nominal and real values. Explain why nominal economic values can mask underlying real changes across time. (10) 8. (13.2.13) Explain the role of expectations in the long term capital demand. (15) 9. (8A.3) 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?
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Page 2 of 5 ECN 203 Final Exam (20) 10. 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.
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Final Exam Spring 2001 - ECONOMICS 203 FINAL EXAM Spring...

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