ps8_questions

ps8_questions - 14.02 Principles of Macroeconomics Problem...

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14.02 Principles of Macroeconomics Problem Set #8, Questions Posted on Thursday, December 5, 2002, due on Wednesday, December 12, 2002. You must staple a copy of this frontpage on your problem set. Remember to write down your TAs section name and recitation time, your name and MIT ID. Name: __________________________________________________ MIT ID: __________________________________________________ ± 10AM Samer Haj-Yehia ± 9AM Indradeep Ghosh ± 11AM Samer Haj-Yehia ± 11AM Oscar Landerretche ± 12AM Samer Haj-Yehia ± 1PM Indradeep Ghosh ± 1PM Samer Haj-Yehia ± 1PM Verónica Rappoport ± 2PM Samer Haj-Yehia ± 2PM Verónica Rappoport ± 3PM Verónica Rappoport (Table is for corrector use only) 1 2 3 Total I II III Total
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PART I. SHORT QUESTIONS (5 points each) 1. T/F/U (justify your answer). The bilateral exchange rate between US and Japan is 124 (1$ can buy 124 ¥) . Therefore, American tourists in Japan find everything very cheap. 2.
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ps8_questions - 14.02 Principles of Macroeconomics Problem...

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