1/20/2019
Homework 01: Econ 104 WC Sec 1 Spring 2019
1/19
Homework 01
Due
Jan 20 at 11:59pm
Points
100
Questions
40
Available
until Jan 21 at 4am
Time Limit
None
Instruc±ons
A±empt History
Attempt
Time
Score
LATEST
Attempt 1
72 minutes
87 out of 100
Correct answers will be available on Jan 21 at 11:59pm.
Score for this quiz:
87
out of 100
Submitted Jan 20 at 9:05pm
This attempt took 72 minutes.
Homework 01
Lessons 01 and 02
100 points
This homework is composed of multiple choice, fill-in-the-blank and true/false questions. Select or enter your
responses for each question. There is no time limit.
It will be available for review starting the day after the assignment is due.
Part 1: 20 questions worth 3 points each for a total of 60 points.
FOR FILL-IN-THE-BLANK questions:
If your answer is in decimal form,
round to 2 decimal places. For example, if your answer is .412, enter it into
the fill-in-the-blank as .41, or if your answer is 1.415, enter it into the fill-in-
the-blank as 1.42. If there are no decimals in your answer, you will simply
enter the number; so if your answer is 2, enter 2 with no decimals.
Do not
enter any extra spaces, do not enter commas or $ or % symbols.

1/20/2019
Homework 01: Econ 104 WC Sec 1 Spring 2019
2/19
3 / 3 pts
Question 1Suppose the consumption function is: C = aY+ aWRE/S + aCC Whereall the a’s (the sensitivity parameters) are greater than zero. Initial conditions:Let a= 0.65, a= 0.04, a= 0.5, WRE/S = 18,000: CC = 70 Solve for C interms of Y.Select the correct equation.
1d23123dC = 765 + .60 YdC = 70 + .65 YdC = 755 + .65 YdC = 685 + .64 YdNone of these are correct
3 / 3 pts
Question 2Use the equation you found in #1 and let Y= 2000. C is equal to:
3 / 3 pts
Question 3Suppose that the stock market rallies so that WRE/S increases to 22,000.