Mid1F09 Answer Key

Mid1F09 Answer Key - Answer Key for first midterm 1. d) Aug...

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Answer Key for first midterm 1. d) Aug and Sept. 2010 unemployment rate 9.6% -still well above 9%. (Answer was same last year) 2. c) (“since” is taken to be exclusive here) Even the Oct. 2009 peak of 10.2% is still below the 10.8% of 1982. 3. b 4. a 5. a 6. a (hard, for some reason. should be easy) 7. a (again hard, for some reason.) 8. d 9. c During the Civil War (1861-65), paper “greenbacks” became legal tender (after 1862), pushed out gold, and remained the monetary standard until “Resumption” in 1879. 10. a (hard) The mint price of silver remained at 1.293, while the dollar was devalued in terms of gold by raising its mint price from $19.39/oz to $20.67/oz. 11. d 12. 13. a 14. b 15. b 16. d 17. a (100% got this right!) 18. e (“only” 97% on this one!) 19. e 20. b 21. c (hard) The % change in the price of a bond is approximately minus the change in its yield (in %/yr) times its Duration D. 22.
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This note was uploaded on 11/08/2010 for the course ECON 520 taught by Professor Ogaki during the Fall '07 term at Ohio State.

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Mid1F09 Answer Key - Answer Key for first midterm 1. d) Aug...

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