{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

xm2a-w04 - Econ 102 Deardorff Winter Term 2004 Exam II(with...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 102 - Deardorff Exam II (with Answers) Winter Term 2004 Page 1 of 13 Form 0 ECON 102/100 March 23, 2004 Section Day Time Location GSI 101 F 2:30-4 B239 EH Jan 102 W 11:30-1 373 Lorch Justin 103 W 1-2:30 B239 EH Naomi 104 W 4-5:30 B239 EH Mato 105 W 2:30-4 B239 EH Mato 106 W 4-5:30 1068 EH Naomi 107 F 1-2:30 1372 EH Nalin 108 W 8:30-10 330 DENN Justin 109 F 11:30-1 205 DENN Nalin · Do NOT open this exam booklet until instructed to do so! · Please take a moment to complete the identification information on the scantron. Indicate your NAME, discussion SECTION number, FORM number, and UM ID number. THIS, and showing up in the correct exam room are WORTH TWO POINTS ON THE EXAM! · The exam has 100 points and is designed to take about 60 minutes to complete. However, you’ll have approximately 80 minutes. Check that you have all 10 pages of the exam. · Read the questions and these instructions carefully! · Use the space provided in this booklet and the back of the pages to work out the answers to the multiple choice problems. Use the space provided on the actual page for the short answer questions. · You can use only NON-graphing calculators. · For multiple choice questions, you get 3 points for a correct answer, 0 points for a blank, and 0 points for a wrong answer. There are NO penalties for guessing. · Sign the honor code below! Honor Code : I did not use any unauthorized aid on this exam. Name : (PRINT) _______________________________ UM ID # : _______________________________ Signature : _______________________________
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Econ 102 - Deardorff Exam II (with Answers) Winter Term 2004 Page 2 of 13 Form 0 Multiple Choice: (26 questions, 3 pts each = 78 pts) Pick the best answer among the given choices. 1. Which of the following is not an effect of the rate of inflation being low , as opposed to high? a. Owners of capital benefit from paying lower capital gains taxes. b. Workers feel abused when their wages do not rise as fast as they feel they deserve. c. Consumers spend more time and effort managing their wealth, trying to keep it in forms that earn interest. d. Unemployment is increased because firms find it harder to reduce real wages when market conditions require it. e. For any given real rate of interest, the nominal interest rate is lower. 2. During the 1990s, US imports grew faster than US exports. How, according to either of the articles that you read about this from the web, was this related to employment in the US?
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern