1 - Print name_ _ Section TA and hour _ 10 Sign name Econ...

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Print name_______________________ Sign name ________________________ Section TA and hour ____________________ Econ 520 F 10 Homework 1 9/23, 9/28, 9/30 due 10/1 For full credit, show your calculation and give a numerical answer on each computational question. 1. (5 HW points) During the 2007-2009 recession, real GDP (circle best ) a) grew, but by an unusually small amount b) fell by slightly more more than 1981-82 c) fell by slightly more than 1973-75 d) fell by much more than in any recession since 1950 e) fell by almost as much as 1929-33 2. (5 HW points) In 2009, the US civilian unemployment rate peaked at (circle best) a) Less than 5% b) Higher than at any time since 1991 c) Higher than at any time since 1982 d) Higher than at any time since 1950, but much lower than 1932 e) Almost as high a level as 1932 3. (5 HW points) During 2009, the number of failures of FDIC insured banks was (circle best) a) Less than 10 b) Between 10 and 100 c) Higher than any year since the 1980s d) Higher than any year since 1950, but much lower than 1930-33
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1 - Print name_ _ Section TA and hour _ 10 Sign name Econ...

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