finalsolution

finalsolution - Answer Key to Final Exam 1. Multiple...

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Unformatted text preview: Answer Key to Final Exam 1. Multiple Choice: 1) D 2) C 3) B 4) D 5) D 6) A 7) B 8) D 9) D 10) B 11) D 12) C 13) D 14) D 15) A 16) B 17) D 18) A 19) C 20) C 21) B 22) D If you have questions regarding these questions please contact me. Bonus Multiple choices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∆M = ∆D * money multiplier = $200* 20 = $4000 %) " ? + 5 ) + ' + * % 3 # ' ' ) %) 8 F 5 % '( R % ' 6 ) + $ ) %0 / ' % 3 # ' % ' ) $ $ $ *) * MS0 MS1 % ) % *2 7 & ' $ $ $ # % ' * ' + % SAS P A B B A MD AD1 AD0 Real Money R: Interest Rate RGDP %) 8 * % 5 + ) % $ ' 6 ) + $ *' 8 % # ) . % % )+ % 0 *# ' 0 ) * % $ 6% * # ( - ) + ) # ) . 6 % %) $ # # 3 # ' ' ) ( % $ # ) . 6 ) + $ % ' $ $ $ ' + '( %0 0 */' % 3 # ' % ' ) # %$ % # ' 3 # ' ' ) 2 7 & # % & 7 ( LS R MS1 MS0 W A B B(A) LD MD C Real Money R: Interest Rate Labor W: Real Wage LAS P SAS1 B SAS0 A C AD1 AD0 RGDP %) , + % 6 G + ! H ) / 3 % ' + % + 0 ) + + % % $ ' 6 $ % 3 # ' ' ) 3 ' % $ % $ ) + .9 ' + 0 4 1 ) , 0 ! , " * 4 3 # ' ' ) 6 % %) % 3 # ' ' ) 0 +# $ 6% ) + ...
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This note was uploaded on 07/08/2011 for the course ECON 1102 taught by Professor N/a during the Spring '11 term at Dallas.

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