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Unformatted text preview: Department of Economics Professor Kenneth Train University of California, Berkeley Fall 2007 ECONOMICS 1 SECOND MIDTERM EXAMINATION November 21, 2007 INSTRUCTIONS 1. Please fill in the information below: Your Name: Your SID #: Your GSIs Name: Your Section Day/Time: 2. This exam ends at 12:58. 3. If you finish early, please remain in your seat so that you do not disturb others. 4. When time is called, stop writing and pass your exam to the aisle. Please stay in your seat until all of the exams are collected. 5. There is a total of 100 points, five questions and nine pages, including this coversheet. Points for each question are in parentheses. 6. Answer the questions in the space provided. NO BLUE BOOKS. If you need extra room to answer the questions, use the backs of the pages. 7. Calculators are not permitted. Do not turn the page until you are told to begin the exam. Page 1 of 9 Question 1. (20 points) True, False or Uncertain. Decide whether the following are true, false, or uncertain. Your grade is determined by your explanation; an answer without an explanation receives no credit. a) (5 points) A decrease in the money supply lowers aggregate output. b) (5 points) If a public good cannot be paid for through user fees, then it should not be provided....
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This note was uploaded on 07/21/2009 for the course ECON 1 taught by Professor Martholney during the Spring '08 term at University of California, Berkeley.
- Spring '08