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Exam4_Sum05

# Exam4_Sum05 - Name(Last name first name SID Lecture(1 or 2...

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Summer 2005 (Solow Growth Model) 1 Name: ____________________ (Last name, first name) SID: ____________________ Lecture (1 or 2): ____________________ UGBA 101B Macroeconomic Analysis for Business Decisions Dr. Steven Wood Summer 2005 Exam #1 Please sign the following oath: The answers on this test are entirely my own work. I neither gave nor received any aid while taking this test. I will not discuss the questions on this test until after 7:30 p.m. on June 7, 2005. ______________________ Signature Any test turned in without a signature indicating that you have taken this oath will be assigned a grade of zero. Graph Instructions When drawing diagrams, the following rules apply: a. Completely, clearly and accurately label all axis, lines, curves, and equilibrium points. b. The original diagram and equilibrium points must be drawn in black. c. The first shift of any line(s) and the new equilibrium points must be drawn in red. d. Any subsequent shifts in curves and new equilibrium points must be drawn in another color, preferably blue and then green. Do NOT open this test until instructed to do so.

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Summer 2005 (Solow Growth Model) 2 A. Multiple Choice Questions . Circle the letter corresponding to the best answer. (30 points.) 1. Portugal and Greece have identical economic attributes except that Portugal has a higher private saving rate. If both countries are below their steady states, then: a. Portugal will grow faster than Greece. b. Greece will grow faster than Portugal. c. Portugal and Greece will grow at the same rate. d. The relative growth rates of Portugal and Greece are indeterminate. 2. According to the Quantity Theory of Money , a doubling of the money supply will lead to: a. A decrease in interest rates because the money supply is now larger.
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Exam4_Sum05 - Name(Last name first name SID Lecture(1 or 2...

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