Problem+Set+_1

# Problem+Set+_1 - Name(Last name first name SID GSI Econ...

This preview shows pages 1–3. Sign up to view the full content.

Problem Set #1 (Spring 2011) 1/5 Name: _________________________ (Last name, first name) SID: _________________________ GSI: _________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Spring 2011 Problem Set #1 Due: February 8, 2011 (in class before 3:50:01 p.m.) Turn your completed problem set in to your GSI Please sign the following oath: The answers on this problem set are entirely my own work. I neither copied from the work of others nor allowed others to copy from my work. _______________________________________ Signature Any problem set turned in without a signature will be assigned a grade of zero. Problem Set Instructions 1. You MUST complete your problem set on this template. 2. Graphs and equations MAY be drawn by hand. When drawing diagrams, clearly and accurately label all axis, lines, curves, and equilibrium points. 3. Explanations MUST be word-processed. Your explanations should be succinct and to the point.

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

View Full Document
Problem Set #1 (Spring 2011) 2/5 A. Multiple Choice Questions (15 points) . Circle the letter corresponding to the best answer (3 points each). 1. A winter ice storm has paralyzed the entire East Coast, reducing productivity sharply. This supply shock shifts the marginal product of labor curve: a. Increase the demand for labor and increase the real wage. b.
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 5

Problem+Set+_1 - Name(Last name first name SID GSI Econ...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online