Exam 2 (Sample)
1. If the nominal exchange rate falls 10 percent, the domestic price level rises 4 percent, and the foreign price level rises 6 percent, the real exchange rate will fall: A) 0 percent. B) 8 percent. C) 10 percent. D) 12 percent. 2. In a sm
Mid2 Review Summer08 1. If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment rate equals _ percent (rounded to the nearest percent). A) 0 B) 9 C) 10 D) 20 2. If the fraction of emplo
Problem #5,(part b & c) (6th Edition, Mankiw) Demand for Real Money Balances: Nominal Money Supply: Price Level: (M/P)d = 1000 100 r M = 1000 P=2
Part b Find the equilibrium real interest rate. In order to find the equilibrium real interest rate, set the
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1. A change in the legal reserve ratio affects the: A. amount of actual reserves in the banking system. B. amount of excess reserves in the banking system. C. number o