ECON 100B - Summer 2006 - Wood - Final

# ECON 100B - Summer 2006 - Wood - Final - Name: _ (Last...

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Summer 2006 (IS-LM-BP and DAD-SAS Models) 1 Name: ____________________ (Last name, first name) SID: ____________________ UGBA 101B Macroeconomic Analysis for Business Decisions Professor Steven Wood Summer 2006 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. I will not discuss the questions on this test until after 5:00 p.m. on June 29, 2006. ______________________ 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, first blue and then green. Do NOT open this test until instructed to do so.

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Summer 2006 (IS-LM-BP and DAD-SAS Models) 2 A. Multiple Choice Questions . Circle the letter corresponding to the best answer. (3 points each; total of 30 points.) 1. Suppose we have a small open economy has fixed exchange rates. If unemployment is below the NAIRU, then to stabilize the economy a good policy would be to: a. A fiscal contraction. b. A monetary contraction. c. A fiscal expansion. d. A monetary expansion. e. Indeterminate. 2. Suppose an economy with fixed exchange rates accumulated reserves of 100 last year. Then, if the current account was 30, we know that: a. There was no sterilization. b.
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## This note was uploaded on 07/03/2011 for the course ECON 100B taught by Professor Wood during the Spring '08 term at University of California, Berkeley.

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ECON 100B - Summer 2006 - Wood - Final - Name: _ (Last...

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