pset3 - Econ 102 Macroeconomic Theory Winter 2007 Mark L.J....

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Econ 102 Mark L.J. Wright Macroeconomic Theory meanprofessor@hotmail.com Winter 2007 Bunche 9284 Problem Set 3: Date Due: Thursday 22nd February, 2007 Problem 1 (Short Answer Questions) Evaluate each of the following statements. State whether they are true, false or uncertain, and give a short explanation of your reasoning. No points will be awarded without an explanation. the growth rate of the money supply. rate. 5. An increase in unemployment bene±ts increases the unemployment rate because it increases the job separation rate. Problem 2 (Seignorage) Consider the problem faced by the government of a small developing country called MessedUpPotamia. The government needs to raise revenue to pay for education, but is unable to raise any taxes (because tax enforcement is not very
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pset3 - Econ 102 Macroeconomic Theory Winter 2007 Mark L.J....

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