Reviewexam3 - Review Sheet for Final Exam Final exam:...

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Review Sheet for Final Exam Final exam: Monday May 10 – 1pm-3pm, LC 2 1. Format: closed-book, closed-notes. 2. You may use simple calculators. Graphing calculators are not allowed. 3. 40 multiple-choice questions. 2 short-answer questions. Review Questions Remark: I tried to be as inclusive as possible, but the review sheet may have some unintentional omissions. Topics not mentioned in this sheet may be on the exam. 1. Refer to 2 midterm exams for questions related to chapter 1-6. 2. Obviously, you should be able to do problems like the ones on homework assignments and in class. Chapter 7 3. What are the three functions of money? Briefly explain each. 4. Explain how each of the following influences the demand for money: a. The price level b. The nominal interest rate c. Current real income d. Wealth e. Risk of non-monetary assets. 5. Define Real income elasticity of money demand and Interest elasticity of money demand. 6. Define and calculate the term “velocity of money”. 7. What is the condition for equilibrium in the money market? 8. How do increases in the growth rate of the money supply, the real interest rate, and the expected inflation change the rate of inflation? Explain. Chapter 8
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This note was uploaded on 05/05/2010 for the course COM 4123 taught by Professor Ted during the Spring '10 term at SUNY Albany.

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Reviewexam3 - Review Sheet for Final Exam Final exam:...

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