311Mid02Fall1

311Mid02Fall1 - Intermediate Macroeconomics 311 (Professor...

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

View Full Document Right Arrow Icon
Intermediate Macroeconomics 311 (Professor Gordon) Mid-Term Examination Fall, 2002 YOUR NAME: ________________________________ TA: _____________________ INSTRUCTIONS: 1. The exam is worth 60 points in total: 30 points for the two analytical questions, and 30 points for the multiple choice 2. Write your answers to Part A (the multiple choice section) in the blanks on page 1. YOU WILL NOT GET CREDIT FOR CIRCLED ANSWERS IN THE MULTIPLE CHOICE SECTION 3. Place all of your answers for part B in the spaces provided PART A Answer multiple choice questions in the space provided below. Write clearly, USING CAPITAL LETTERS. 1. _ _ __ 6. _ _ __ 11. _ _ __ 16. _ _ __ 21. _ _ __ 26. _ _ __ 2. _ _ __ 7. _ _ __ 12. _ _ __ 17. _ _ __ 22. _ _ __ 27. _ _ __ 3. _ _ __ 8. _ _ __ 13. _ _ __ 18. _ _ __ 23. _ _ __ 28. _ _ __ 4. _ _ __ 9. _ _ __ 14. _ _ __ 19. _ _ __ 24. _ _ __ 29. _ _ __ 5. _ _ __ 10. _ _ __ 15. _ _ __ 20. _ _ __ 25. _ _ __ 30. _ _ __
Background image of page 1

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

View Full DocumentRight Arrow Icon
PART A 1) In order to determine personal income, what adjustments have to be made to national income? A) Subtract undistributed corporate profits, corporate income tax, social security taxes, and then add government transfers and private interest payments. B) Subtract corporate income tax and social security taxes and then add corporate dividends, government transfers, and private interest payments. C) Subtract undistributed corporate profits, corporate consumption allowance, corporate income tax, social security tax and then add government transfers and private interest payments D) Subtract corporate income tax and social security taxes and then add corporate dividends, government transfers, and private interest payments. 2) The unemployment-population ratio equals A) The employment-population ratio times the labor force participation rate. B) The unemployment rate divided by the labor force participation rate. C) The employment-population ratio divided by the labor force participation rate. D) The unemployment rate times the labor force participation rate. 3) A decrease in real GDP causes A) movement downward along a money demand schedule. B) movement upward along a money demand schedule. C) a leftward shift of the money demand schedule. D) a rightward shift of the money demand schedule. 4) The money supply consists of A) currency alone. B) currency and checking accounts. C) checking and savings accounts. D) currency and checking and savings accounts. E) checking accounts alone. 5) The IS curve would be vertical if A) the government's budget was balanced. B) the demand for money was insensitive to the interest rate. C) the government increased the money supply. D) autonomous expenditures were insensitive to the interest rate. 6)
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 13

311Mid02Fall1 - Intermediate Macroeconomics 311 (Professor...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online