Exam%20_3%20ANSWERS%20_Spring%202011_

Exam%20_3%20ANSWERS%20_Spring%202011_ - Exam #3 (Spring...

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Unformatted text preview: Exam #3 (Spring 2011) Econ 100B 1 of 10 Name: ____________________________ SID : ____________________________ GSI: ____________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Spring 2011 Exam #3 ANSWERS 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 6:00 p.m. on May 9, 2011. ______________________ Signature Any test turned in without a signature indicating that you have taken this oath will be assigned a grade of zero. Exam Instructions 1. When drawing diagrams, clearly and accurately label all axis, lines, curves, and equilibrium points. 2. Explanations should be written in pencil or black . Legibility is a virtue; practice good penmanship. 3. Explanations should be succinct and to the point; make use of bullet points and common mnemonics. 4. If you have a question, ask one of the GSIs. 5. If you need to re-draw a diagram or need more room to write your answers, use pages 2, 12, 13 and/or 14. 6. When time is called, STOP writing and CLOSE your exam packet immediately. You WILL BE PENALIZED if you continue to write past the official end of the exam. 7. If you finish your exam before 5:55 p.m. you may turn your exam into your GSI and quietly exit the room. If you finish your exam after 5:55 p.m., close your exam packet but remain seated until time is called. Once time is called, pass your exam to the nearest aisle where a GSI will collect it. Do NOT open this test until instructed to do so. Good Luck! Exam #3 (Spring 2011) Econ 100B 2 of 10 A. Multiple Choice Questions (30 points) . Circle the letter corresponding to the best answer. (3 points each.) 1. For a given real exchange rate, a nominal appreciation of the domestic currency will result from: a. An increase in domestic inflation. b. A decrease in the prices of foreign goods. c. An increase in the prices of foreign goods. d. An increase in the prices of domestic goods. 2. Suppose the Swiss franc rises against the British pound but falls against the Japanese yen. What happens to the prices of goods imported into Switzerland? a. The prices of both British and Japanese goods increase. b. The prices of both British and Japanese goods decrease. c. The prices of British goods decrease while the prices of Japanese goods increase. d. The prices of British goods increase while the prices of Japanese goods decrease. 3. In the short-run, an increase in the U.S. money supply would cause the value of the dollar to _____ and U.S. net exports to _____ : a. Increase; increase. b. Increase; decrease. c. Decrease; increase. d. Decrease; decrease....
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This note was uploaded on 01/19/2012 for the course ECON 100B taught by Professor Wood during the Fall '08 term at University of California, Berkeley.

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Exam%20_3%20ANSWERS%20_Spring%202011_ - Exam #3 (Spring...

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