Fall2011MT1_Solutions - Name Banner Economics 304 Fall 2011...

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1Name: Banner #: Economics 304, Fall 2011 Midterm 1 Please put all papers away. No calculators, no cell phones, no computers: nothing electronic is allowed. The exam is scheduled for 50 minutes. There are 50 points total on the exam. Part 1: Definitions (2 points each)
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