2009FALL-FINAL-makeup - ECO320L-Macroeconomic Theory Final...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ECO320L-Macroeconomic Theory Final Total 100 points NAME: ............................................................. Some Remarks: 1. Books and notes should be closed. 2. You can use a calculator. Exchange of calculator is not allowed. 3. Do not forget to label axes when you draw a graph. 4. Show your calculations and derivations. Just anwers will not receive any points. Good Luck and Have a Great Holiday! 1 Total Exam Grade: (........./100pts) 1. What is neutrality of money? Explain. 2 2. Are current account always deficits bad? Explain. 3 3. What is the nominal and real return on money. 4 4. Consider a small open economy for which net exports is initially zero. Using goods market equilibrium diagrams for the domestic economy and the world economy, illustrate what happens to domestic output, absorption, and net exports if there is an increase of world demand for goods and services 5 5. Below is the balance sheet of a bank. Assets Liabilities Reserves 10 100 Deposits Loan to another bank 5 5 Borrowed from another bank Corporate bonds 5 5 Bond-holders Common risky asset 80 Unique risky asset 25 15 Equity...
View Full Document

This note was uploaded on 02/04/2011 for the course ECON 320L taught by Professor Kuruscu during the Fall '08 term at University of Texas at Austin.

Page1 / 10

2009FALL-FINAL-makeup - ECO320L-Macroeconomic Theory Final...

This preview shows document pages 1 - 7. Sign up to view the full document.

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