FinalExam_ECON2020_Fall2016 - FINAL EXAM ECON2020 Fall2016...

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Exploring Economics
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Chapter 24 / Exercise 1
Exploring Economics
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FINAL EXAM: ECON2020Fall2016N. Aman1) You may use your textbook and/or class notes to read and prepare for taking this exam2) You may not discuss this exam with anyone either face-to-face nor via email nor you may copy answers from the Internet sources. Your answers must reflect your own knowledge in the relevant topics written in your own words. Copying any part of the answers from the lecture notes, textbooks or Internet would be considered as the violationof the University policy on academic honesty and integrity. Any misconduct on plagiarism policy will turn the course into a grade of F.It is also recommended to read my feedback to relevant weekly HW Questions.3) The Maximum Score Points Available on this exam: 40, each portion of each question has its potential raw score contribution as indicated. 4) Please do not send it by email. You will post your exam in the designated assignment drop box in the blackboard (just like the way you have posted your weekly assignments and MT exam).5) Exam is due back before midnight (EST) on Nov 56) You do not have to display the questions in your answers. Just the Q #s and answers will be fine.7) You may also wipe out the above instructions from your answer page or do not includethem in your answer document.8) Make sure you write down your name on the top of the page of your answer documentMaximum possible raw score = 40 points1)Here’s a quote from Fed head Janet Yellen on at a meeting in Cleveland on July 10 last year.(see then click news and events…Regarding inflation, as I mentioned earlier, the recent effects of lower prices for crude oil and for imports on overall inflation are expected to wane during this year. Combined with further tightening in labor and product markets, I expect inflation will move toward the FOMC's 2 percent objective over the next few years. Importantly, a number of different surveys indicate that longer-term inflation expectations have remained stable even as recent readings on
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Exploring Economics
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Chapter 24 / Exercise 1
Exploring Economics
Sexton
Expert Verified

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