Practice_Midterm2_Econ110B_FA15.pdf - Economics 110B Fall...

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Economics 110B Fall 2015 Dr. Maria Cândido Version A Student Name:_____________________________________ Student ID:________________________________________ Assigned Seat:___________________ Economics 110B Second Midterm Examination Fall Quarter 2015 November 16 th Version A NOTE TO FALL 16 Students: You are not responsible to know the answers for the questions marked in red, they cover parts of the material not covered in the second midterm this quarter. Instructions: a. You have 80 minutes to finish your exam. Write your name and ID number on the upper left corner of this page. Also write your seat assignment on the space provided. If you are not seated in your correct seat assignment, your score will be penalized by 10 points. b. Confirm that your test has 10 pages. The last page can be used as scratch paper. c. All answers must be written on the attached sheets, in the spaces provided. d. The exam is closed book. Formula sheets are not permitted. e. Use a pen to write your answers. You give up your right to a regrade if you choose to use a pencil. With you, you should only have a pen, and a calculator. f. There are two parts to this exam – multiple-choice questions (Part I) and longer questions (Part II). You do not need to justify your answers for the multiple-choice questions. Show ALL your work for the longer questions. Make sure that you clearly label any graphs you present. g. KEEP YOUR EYES ON YOUR OWN PAPER, AND KEEP YOUR PAPER OUT OF VIEW OF YOUR NEIGHBORS. h. You are not allowed to use your cell phone during the exam. Please, turn off your cell phone and put it away. If you are found using a cell phone during the final examination, you will be considered in violation of academic integrity, and you will be reported to the Academic Integrity Office. i. If you have any questions about the exam, please ask. Question Points Your Score Part I 30 Part II 1. 15 2. 8 3. 9 4. 22 5 16 Exam Total 100
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Economics 110B Fall 2015 Dr. Maria Cândido Version A PART I: Multiple-Choice Questions (3 points each, 30 points total) You do NOT need to justify your answers for the multiple choice questions. Please, fill your answers here. USE CAPITAL LETTERS. 1. ________ 2. ________ 3. ________ 4. ________ 5. ________ 6. ________ 7. ________ 8. ________ 9. ________ 10. ________ 1. In the simple monetary policy rule R t r = m π t ( ) , m measures: 2. The Phillips curve demonstrates that inflation ________ with rising real GDP. The supply-driven quantity theory of money tell us that an increase in the growth rate of real GDP ________ inflation. This is because the quantity theory of
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