Your Name: _
Econ 471/571
Spring 2014
Midterm Exam 1
Take 10 minutes to look through the exam. You will then have 100 minutes in which to complete the
exam. The exam is worth a total of 100 points. Th
EC 471/571 Spring 2014
Answer Key for Homework #1
Descriptio The purpose of this homework is to insure that you are reasonably comfortable with the
n
components of the IS/LM model and to give you a ch
EC 471/571 Spring 2014
Homework #2, due Monday, April 14 by 7:00 PM
Do not turn in this worksheet. Answers must be submitted electronically through
Blackboard.
Descriptio This homework includes questi
EC 471/571 Spring 2014
Answer Key for Homework 3
Description. This homework covers the short-run and long-run consequences of a government's
financing decisions, with emphasis on the longer-term conse
EC 471/571 Spring 2014
Answer Key for Homework 4
Description: This homework covers finishes our work on the government budget constraint and its relationship to
inflation and indebtedness. It also int
EC 471/571 Spring 2014
Homework #8, due Monday, May 26 by 7:00 PM
Do not turn in this worksheet. Answers must be submitted electronically through Blackboard.
Description: This homework covers addition
EC 471/571 Spring 2014
Answer Key for Homework 7
Description This homework covers reading related to government debt and deficits, and an introduction to
Ricardian equivalence.
Instructions For the re
Econ 471/571
Spring 2014
Partial Answer Key to Homework #7
Worksheet on Debt, Deficits, and Ricardian Equivalence
Part I
Part I: Ricardian Equivalence / Baseline Scenario
In this section of the worksh
Econ 471/571
Spring 2014
Worksheet on Debt, Deficits, and Ricardian Equivalence
Part I
Part I: Ricardian Equivalence / Baseline Scenario
In this section of the worksheet, we are expanding Fishers simp
EC 471/571 Spring 2014
Answer Key for Homework 6
Description:
This homework covers the empirical consumption function, Fisher's theory of
intertemporal choice, and the life-cycle hypothesis. The homew
EC 471/571
Spring 2014
Answer Key for Homework 5
Description. This homework covers the the last two pages of The Government Budget Constraint
(reading #2 in the packet), Keynesian consumption function
Econ 471/571 - Spring 2014
Answer Key for Midterm 2 V2
Part I. Debt, Deficits, and Inflation in a Growing Economy. (2 points each 14 points total)
The questions below refer to the following economy:
Name _ (2 points)
Econ 471/571 - Spring 2014
Midterm 2 V1
Take 10 minutes to look through the exam. You then have 100 minutes in which to complete the exam. The exam is
worth a total of 100 points. Th
Econ 471/571 - Spring 2014
Answer Key for Midterm 2 V1
Part I. Debt, Deficits, and Inflation in a Growing Economy. (2 points each 14 points total)
The questions below refer to the following economy:
Name: _
Econ 471/571
Spring 2014
Midterm Exam 1
Take 10 minutes to look through the exam. You will then have 100 minutes in which to complete the
exam. The exam is worth a total of 100 points. That wo
Name: _
Econ 471/571
Spring 2014
Answer Key for Midterm Exam 1 V2
Take 10 minutes to look through the exam. You will then have 100 minutes in which to complete the
exam. The exam is worth a total of 1
1
Econ 471/571
Jo Anna Gray
Baseline Macroeconomic Theory
I. Introduction: Demand and Supply Reconsidered
The central organizing concepts of economics are demand, supply, and equilibrium. The
simplest