ECON3312
Macroeconomics
Exam1
Fall2013
Name_
MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion.
1) In the classical model, an increase in the government deficit that is bond financed results
1)
in:
A) an increase in t
Exam
Name_
MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion.
1) BasedonourunderstandingoftheKeynesiancross,weknowwithcertaintythatanequaland
simultaneousincreaseinGandTwillcause
A) anincreaseininvestment.
B) nochange
Practice Questions for Exam 1 The Classical Model
1.
What is the relationship between real and nominal GDP?
a. real GDP = nominal GDP Price level
b. nominal GDP = Real GDP/Price level
c. real GDP = nominal GDP/Price level
d. real GDP = nominal GDP + Price
ECON 232 SPRING 2011 MIDTERM
Name:
Student Number:
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Which of the following calculations will yield the correct measure of real GDP?
A) multiply nomina