ECON 100B - Summer 2005 - Wood - Final

ECON 100B - Summer 2005 - Wood - Final - Name: _ (Last...

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Summer 2005 (IS-LM-BP and DAD-SAS Models) 1 Name: ____________________ (Last name, first name) SID: ____________________ Lecture (1 or 2): ____________________ UGBA 101B Macroeconomic Analysis for Business Decisions Dr. Steven Wood Summer 2005 Exam #3 Please sign the following oath: The answers on this test are entirely my own work. I neither gave nor received any aid while taking this test. ______________________ Signature Any test turned in without a signature indicating that you have taken this oath will be assigned a grade of zero. Graph Instructions When drawing diagrams, the following rules apply: a. Completely, clearly and accurately label all axis, lines, curves, and equilibrium points. b. The original diagram and equilibrium points must be drawn in black. c. The first shift of any line(s) and the new equilibrium points must be drawn in red. d. Any subsequent shifts in curves and new equilibrium points must be drawn in another color, preferably blue and then green. Do NOT open this test until instructed to do so.
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Summer 2005 (IS-LM-BP and DAD-SAS Models) 2 A. Multiple Choice Questions . Circle the letter corresponding to the best answer. (30 points.) 1. If the central bank sterilizes its foreign exchange intervention, then it prevents: a. An inward shift of the BP curve. b. An outward shift of the BP curve. c. An outward shift of the DAD curve. d. An outward shift of the IS curve. 2. With a policy of fixed exchange rates, all of the following are true EXCEPT: a. Fiscal policy is very effective in combating recessions. b. The central bank will raise interest rates in booms to stabilize the economy. c.
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ECON 100B - Summer 2005 - Wood - Final - Name: _ (Last...

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