Problem+Set+_3

# Problem+Set+_3 - Name(Last name first name SID GSI Econ...

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Problem Set #3 (Spring 2011) 1/4 Name: _________________________ (Last name, first name) SID: _________________________ GSI: _________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Spring 2011 Problem Set #3 Due: March 15, 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.

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Problem Set #3 (Spring 2011) 2/4 A. Multiple Choice Questions (15 points) . Circle the letter corresponding to the best answer (3 points each). 1. When debt levels are very high, increases in the real interest rate have a larger effect on consumer spending, business investment, and net exports than they do when debt levels are much lower. As a result, higher debt
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## This note was uploaded on 08/28/2011 for the course ECON 100B taught by Professor Wood during the Spring '08 term at Berkeley.

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Problem+Set+_3 - Name(Last name first name SID GSI Econ...

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