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bo1ffall98sol - 1 Answer B ID MACRO4 9.1—129 2 Answer A...

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Unformatted text preview: 1) Answer: B ID: MACRO4 9.1—129 2) Answer: A ID: MACRO4 9.1-47 3) Answer: C ID: MACRO4 9.1-134 4) Answer: A ID: MACRO4 9.1-1 5) Answer: A . ID: MACRO4 9.1—53 6) Answer: B ID: MACRO4 91-49 7) Answer: B ID: MACRO4 91—27 8) Answer: D ID: USER 9) Answer: B ID: MACRO4 121-28 10) Answer: A ID: MACRO4 121-134 11) Answer: D ID: MACRO4 12.1-45 12) Answer: C ID: MACRO4 12.1-81 13) Answer: A ID: MACRO4 121-19 14) Answer: D ID: MACRO4 12.1-123 15) Answer: B ID: MACRO4 11.1—58 16) Answer: A ID: MACRO4 11.1—98 17) Answer: D ID: MACRO4 11.1—25 18) Answer: C ID: MACRO4 111-15 19) Answer: C ID: MACRO4 11.1-125 20) Answer: A ID: MACRO4 111-45 21) Answer: D ID: MACRO4 13.1—10.5 .22) Answer: C I ' ID JMACRO4 131-77 23) Answer: D _ ID: MACRO4 131-37 I L 24) Answer: A , ID: MACRO4 13.1-‘90 25) Answer: C - ID: MACK-04 13.1-53 26) Answer: ‘D ID: MACRO4 13.1479 27) Answer: C ID: MACRO4 131-131 ' 28) Answer: D ID: MACRO4 14.1-21 ,29) Answer: C ' ID: MACRO4 14.1—33 30) Answer: C I ID: MACRO4 141-82 31) Answer: D :ID: MACRO4 14.1—66 , 32) Answer: D ID: MACRO4 14.1-97 33) Answer: A ID: MACRO4 141-129 . 34) Answer: C , ID: MACRO4 151—132 35) Answer. C ID: MACRO4 15 1- 50 36) Answer: C :ID: MACRO4 151- 21 37) .c 38) ,a 39) d 40) c 41) b 42) c 43) b 44) a 45) b 46) :a 47) b 48) a 49) c 50) a 51) c 52) b - 53) a ‘54) c 55) AnsWer: D ID: USER 56) Answer: C ID: USER 57) Answer: E ID: USER 58) Answer: E IDUSHI‘ 59) Answer: C IDUSE 60) Answer: B ID: USER were“ , 3-01 Final ' ' , Name. , - , ProfGordon , ~ , / ' TA , December 8’, 1998- ' Day of seelion 4, ‘ _ - _ f _ _ ‘ _ ' Pro [em _ , For this section, show your work beneath; ,your'anSWer; You may receive partial creclit, but only if you show your WOFK- AIS“: there ism), gUessing penalty for this section. I) _ In the economy for this’prohlem, there are plea}; of available borrowers, no . international sector, a constani‘_rqui%recl reserve yellow? 25% of deposits, and people hold , 331.33% of their money as cash. Through 'atir'open market operation, the Fed inereases the money supply by $9003millio‘n. ‘ ’ a) Did the Fed buy or sell US. bonds? Answer - - EM , b) What was the dollar value of the bonds that the Fed bought or sold? , <7! for Answer I, ? 4M3 I _, 0 -: ' , "’ "' ‘ (7 ,s -+ ,2§' v (3)019) J “M 159 I c) What is the change in the amount-of Currency held as a result of the Fed’s action? AnsWer _ I , 396 _ _' d) What is the change in the amount of reserves'held by banks? Answer _ /$0 _ glee: I: [, 795M; ew- _ a (.75) (can) :9 m; e) What is the change in the amount of deposits held by banks? Answer - ~ 6‘00, All? 1‘ . AM- A Car . 3 ’790 —' 200 ,= (900 . 2) The following equations describe the economy of some country you’ve never heard of: Consumption: ' C = 110 + 0.7Y Investment: I = 60 ' Government spending: ' G =' 90 Exports: . 'X = 100 ImpOrts: ' , - rM = 0.1Y a) What is the equilibrium gross domestic product for this country? Answer , (1)0 O Name b) The conservatives have come to power in the legislature so it’ s time to cut government spending. If government spending decreases to 60 and nothing else changes, what is the new level of equilibnum gross domest1c product? , Answer. ,_ 82-5/- 0) What is the multiplier for a change in government spending for this economy? Answer _ , Q $— 3) An economy has a natural unemployment rate of feur percent when inflation IS expected to be eight percent. In the past the unemployment and inflation rates have been as follows. Inflation rate Unemployment rate (percent per year) (percent) 14 2 1 1 3- 8 4 5 5 2 6 a) If the actual inflation rate rises from eight to eleven percent, what is the change in the unemployment rate? ' Answer .1 Jaw-n- b) If the natural rate of unempioyment faIIs to three percent what is the change in the actuaI; unempfeyment fete? ' AnSWer , 3 4 c) Suppese we’ re hack :0 the original setting where the natural rate of unempIeyment is four percent If the expected inflation rate falIs to five percent per year, what IS the change in the unempfeyment rate? 4) You have the feIlewmg mfennetien about a country: gross domestic preduct IS 800, consumption is 450,1;ettaxes are I00; investment is 200 and gevernment spending is 200. (Pay atteetmn t0 the Sign ef year answers ) ‘ a) What age the, net “W50? this ceentry?’ 1 Namfiw b) What is the national-Saving of this country? LAnSwer ,_ ,, /5-Q , M5: 524% 7:6; ' h “ $0,"6?0“92Q0 = ['50 c) What is the gmemment sector deficit? Answer, _ [-00 _ d) What is the priVate Sector defiCit? Answer ’5‘? t‘ ...
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