2ndexam_f2011_part1_version1_ans-1 - Name Discussion...

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Name______________________________________________ Discussion Section Instructor____________________________ Note: If you do not include the name of your official TA, you will be deducted 1 point from your exam total Econ 102: Fall 2011 (Eudey) First Exam Version 1 Part 1 The exam is worth 25 points. Please circle your selection in the multiple choice problems, and write your answer in the space provided for the short-answer problems. Each multiple-choice question is worth 1 point. The point-allocation for short-answer questions is indicated at the start of each short-answer problem. No books or notes are allowed during the exam.
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Short Answer: Please write a short answer in the space provided. 1. (1 point) Use the language and theory from class to explain why the large U.S. government debt might be bad for long-run U.S. economic growth. Answer: If government borrowing diverts resources from Investment spending, then the lower capital stock will result in lower long-run GDP. 2.
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This note was uploaded on 03/10/2012 for the course ECON 102 taught by Professor Drozd during the Fall '08 term at University of Wisconsin.

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2ndexam_f2011_part1_version1_ans-1 - Name Discussion...

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