1. (18 points) True or False?
a) Tax cuts unambiguously increase the supply of labor.
b) Real wage growth has increased since the early 1970s.
c) According to the growth
TR 3:30 - 4:45 PM, BD 367
Dr. Hoda El-Karaksy
262 Alston Hall
Monday and Wednesday; 1:30 3:00 PM or by appointment.
[email protected] (this is the best way
Practice Problems- solutions
Solutions to numerical problems (up to problem 24)
3. Consider an economy described by the following equations:
With investment I=$200, government spending G=$200, net expo
1. (each 3 points) True- False:
a) Net exports depend negatively on income and interest rate.
b) Monetary policy shifts both IS and LM curves.
False. Monetary policy shifts LM curve.
Name (Print): _
On my honor, I have neither given nor received any unauthorized aid on this quiz.
1. Write your name and sign certifying that you agree to the honor statement.
2. You may use a calculat
Macroeconomics Chapter Reading Notes
Chapter 3 Productivity, Output, and Employment
Factors of production are inputs to production process; the greater the
quantities of factors of production used, the more goods and services are produ
Sept 16, 2013
Initially upon reading the prompt for The Runaway Slave at Pilgrims Point I
suspected that the narrator would be talking to lost souls in general. The poem is very
depressing and morbid as the speaker
Waiting for Godot was a difficult work for me to read. For one, I am not a fan of reading plays for
some reason so off the bat I wasnt entirely too thrilled to read it. I think the play has some
metaphorical meaning of society waiting
The poems of F.S. Flint and Ezra Pound along with T.S Eliot are very abstract and
different from any of the readings we have done yet this year. I think it is very interesting
in F.S. Flint and Ezra Pounds A Few Donts By and Imagiste
Chapter 6 questions
1) Between 1870 and 2006, among the United States, Germany, Japan, and Australia,
_ grew at the fastest rate and _ grew at the slowest rate.
A) United States; Germany
B) Germany; United States
C) Australia; Japan
D) Japan; Australia
In Class Notes
1) Match the traders
2) make sure trading stars and end on time
3) establish liquidity by buying and selling themselves
Bonus question: Charles Dow came up with Dow Jones Industrial Average= 30
TEST 3 Notes
What happened this week:
-Monday: Janet Yellen (head of FOMC) speech
-Tuesday: ISM MFG index
-Thursday: weekly jobless claims & International trade
-Friday: employment situation
where are we
Full employment output, , is the level (aka potential output) of output that firms
produce when wages and prices have fully adjusted
-equilibrium in labor market leads us to full employment output (same as long run
economic growth- we care because long r
On the power point you can just put bullets and Ill talk about it.
So like for ex.
Basilica de St. Francisco as one bullet point with the picture
Cuban architecture is uniquely Cuban and adaptive to the Cuban
environment. It correlates with the climatic c
September 24, 2013
Robert Brownings poems are an example of Victorian poetry in many ways. His
biggest contribution to Victorian poetry was his dramatic monologue which used sarcasm
and cynicism to poke fun and critique Rom
August 29, 2013
In both the political writings and the poetry from the Romantic period, I see that
the writing is very commanding of attention. More specifically, in my opinion,
Wollstonecrafts piece From a Vindication of the Ri
I definitely see evidence of Byrons rebellious themes and his creation of the
Byronic hero in the excerpt from Child Harolds Pilgrimage: A Romaunt. I think
Norton gives a good introduction to Lord Byron and his life and
1. Assume that over a 10-year period the growth rate of capital is 4%, the growth
rate of employment is 2% and the growth rate of real output is 5%. Calculate the
growth rate of technology. Suppo
1. Consider an economy described by the following equations:
Y = C + I + G + X (Income identity)
C = 300 + 0.8Yd (Consumption)
X = 100 0.04Y (Net Exports)
With investment I = $200, government spe
1. Suppose the economy has the aggregate demand curve
Y = 667 + 1.11G + 1.11(M/P)
And the price adjustment schedule:
Government spending is $200 and the money supply is $55
1. Consider the following model:
Y = C + I + G+ X
C = 300 + 0.75Yd
I = 300 2000R
X = 500 0.2Y 200 (EP/Pw)
EP/Pw = 0.5 + 5R
M = (0.5Y 2000R)P
With G =$200 bill, the tax rate t = 0.2 and the money
1. Consider the following model:
Y = C + I + G+ X
C = 400 + 0.8Yd
I = 400 3000R
X = 114 0.2Y 40 (EP/Pw)
EP/Pw = 0.75 + 5R
M = (0.4Y 1000R)P
With G =$100 bill, the tax rate t = 0.5 and the money supply M = $180 bill. The US
price level P
Multiple choice questions:
1. The Solow growth model describes:
A) how output is determined at a point in time.
B) how output is determined with fixed amounts of capital and labor.
C) how saving, population growth, and technological change affect output
Money and Inflation
Questions for Review
1. Money has three functions: it is a store of value, a unit of account, and a medium of exchange. As a store of value, money provides a way to transfer purchasing power from the present to the future. As