Econ1102_Sample_Questions - ECON1102 MACROECONOMICS 1...

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ECON1102 MACROECONOMICS 1 Session 2, 2010 Sample Final Exam Questions Short-Answer Questions The following are examples of the type of question that could be asked in Part B of the final exam. Question 1 (10 marks) (a) Briefly explain the main factors that determine the demand for money. Use a model to show equilibrium in the money market and explain the effect of a financial innovation that leads to a fall in the demand for money. (4 marks) (b) Outline the mechanisms used by the RBA to achieve its target for the overnight cash rate. (6 marks) Question 2 (10 marks) (i) Explain the concept of the average labour productivity. Why do economists consider growth in average labour productivity to be a key influence on long-run living standards? (2marks) (ii) Identify three variables that may affect average labour productivity and briefly explain how they do so. (3 marks) (iii) Use the Solow-Swan model to explain the effects of a decrease in the population growth rate. Will a decrease in population growth lead to an increase in a country’s
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This note was uploaded on 09/08/2011 for the course ECON 908 taught by Professor Bullshit during the Spring '11 term at United Theological Seminary.

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Econ1102_Sample_Questions - ECON1102 MACROECONOMICS 1...

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