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Unformatted text preview: Oregon State University McMullen Department of Economics Fall 2007 Economics 330 - Final Review Sheet The final exam in this class will focus primarily on the material covered since exam #2. . You are also expected to be familiar with the general concepts and terms covered earlier in the quarter such as the relationship between bond prices and interest rates, interest rates and investment spending, etc. For review, look at the past exams, quizzes, worksheets and powerpoints (posted on the Blackboard site), and class notes. You should be able to answer the following questions: 1 What are the goals of monetary (macro policy) (primary goals: full employment, price stability; others: a stable exchange rate, and long term economic growth) and be able to explain how monetary policy can be used to influence these goals. 2. Be able to explain how monetary policy affects the economy using the AD/AS framework. In particular, look at the situation of stagflation and discuss the policy alternatives available to the...
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- Fall '07