NAME. _ ECON 2305 OPTIORAL .IRSUBARCE ASSIGRMERT NOTICE: This assignment MUST be received on or before . The value of this OPTIONAL individual assignment will depend on the score of your final exam as follows: 90 - 100+ :2polnts; 85 - 89 :3polnts; 80 - 84 :4polnts; 75 - 79 :5polnts; 70 - 74:6 points; 65 - 69 :7polnts; 60 - 64 :8polnts; 55 - 59 :9polnts; 0 - 54 :10 points; On separate sheets of paper, please clearly answer the followingquestions to the best of your own ability and in vour own words. Besure to showyour work.on all mathematical problems. Youmay consult your textbook. class notes for assistance In this effort. 1. What is meant by V.E.R. ? . .. V.I.E. ? . . M.I.T.I.? ... G.A.T.T. ? . . W.T.O. ?. .. F.T.A.A.? 2. What is meant by rational expectations? ... real business cycle theory ? 3. What is meant by hysteresis ? Which branch of economics is associated with it ? 4. Which variables are considered to be real variables (as opposed to nominal variables)? 5. What is the 'beIge book"? What is "the Fed"? ... "BUBBA"? ... "BOJ"? ... "EMU"? 8. Using two currencies such as the franc and the peso. illustrate the relationship between the two international money markets: franclpeso. 7. What Is David Hume's gold
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