SAMPLE TEST FOR MIDTERM1
1. An economys _ equals its _.
a. consumption; income
b. consumption; expenditure on goods and services
c. expenditure on goods; expenditures on services
d. income; expenditure on goods and services
2. The market value of all fi
Syllabus Econ 20350: Macroeconomics I
City College of New York
Prof. Marta Bengoa (Ph.D)
Department of Economics & Business
Office: NAC 4/120C
Office Hours: Wednesday. 1.30-3.30 pm or by appointment.
Problem Set 1
The deadline for this specific problem set is Wednesday 15th of February (ONLY
ONE copy per group, the groups could be composed by 3 students).
1. Suppose that there are only 2 goods in the economy (denoted by A and B). We
The next three weeks of the online portion of our course is open for all of you.
In the content section you will find the following files:
1. The syllabus which contains a thorough review of the course objective, class content,
Keynesianism: The Macroeconomics of Wage
and Price Rigidity
T Multiple Choice Questions
Keynesians are skeptical of the classical theory that recessions are periods of increased mismatch
between workers and jobs because
(a) help-wanted adver
The Science of Macroeconomics
Notes to the Instructor
Chapter 1 presents a brief introduction to macroeconomics. The chapter explains the type of
questions macroeconomists address, introduces the concept of an economic model, and