Problem+Set+_3+_Fall+2011_

# Problem+Set+_3+_Fall+2011_ - Name SID GSI Econ 100B...

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Name: ____________________________ SID : ____________________________ GSI: ____________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Fall 2011 Problem Set #3 Due: October 25, 2011 (in class before 3:50:01 p.m.) Place your completed problem set in the box near the entrance. 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. Problem Set #3 (Fall 2011) 1/5

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A. Multiple Choice Questions (15 points) . Circle the letter corresponding to the best answer (3 points each). 1. If the government increases its purchases of goods and services while the real interest rate remains constant, then: a. The unemployment rate is likely to increase. b. The unemployment rate is likely to decrease. c. The unemployment rate will not change. d. What happens to the unemployment rate is indeterminate. 2. A sharp decline in the stock market would cause: a. Saving to decrease. b. The real interest rate to increase. c.
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Problem+Set+_3+_Fall+2011_ - Name SID GSI Econ 100B...

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