Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Solutions to the Final Exam
Multiple Choice Questions. (60 points; 3 pts each)
1. Two striking features of a graph of U.S. real GDP per capita over the twentieth century are the:
A)
B)
C)
D)
overal
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Midterm Exam #3
Multiple Choice Questions. (25 points; 2.5 pts each)
1. When the real wage is above the level that equilibrates supply and demand:
A)
B)
C)
D)
the quantity of labor supplied exceeds
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Exam #2
Multiple Choice Questions. (25 points; 2.5 pts each)
1. In the United States, the money supply is determined:
A)
B)
C)
D)
only by the Fed.
only by the behavior of individuals who hold money
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Solutions to Midterm Exam #3
Multiple Choice Questions. (25 points; 2.5 pts each)
1. When the real wage is above the level that equilibrates supply and demand:
A)
B)
C)
D)
the quantity of labor sup
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Solutions to Exam #2
Multiple Choice Questions. (25 points; 2.5 pts each)
1. In the United States, the money supply is determined:
A)
B)
C)
D)
only by the Fed.
only by the behavior of individuals w
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #1
Due: Thursday, January 30, 2014
Go to the Federal Reserve Economic Database (www.research.stlouisfed.org/fred2/) and print
out graphs for the following five macroeconomic time series:
No
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #5
Due: Thursday, March 6, 2014
Provide type-written answers to the following questions:
1. Chapter 5. Problems and Applications #1.
Solution. The real interest rate is the difference betwe
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Exam #1
Multiple Choice Questions. (25 points; 2.5 pts each)
1. The unemployment rate:
A) was zero during the 1990s in the United States.
B) was zero on average between 1900 and 1950 in the United
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Practice Exam #1
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. In any macroeconomy, income equals
a.
b.
c.
d.
consumption.
investment.
national saving.
output.
#2. The unemployment rate
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Exam #2
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. All of the following are considered major functions of money except as a
a.
b.
c.
d.
medium of exchange.
way to display wealth.
stor
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Solutions to the Practice Exam #3
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. The natural rate of unemployment is
a.
b.
c.
d.
the average rate of unemployment around which the economy
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Solutions to the Practice Final Exam
Multiple Choice Questions. (60 points; 3 pts each)
#1. The economic statistic used to measure the level of prices is
a.
b.
c.
d.
GDP.
CPI.
GNP.
real GDP.
#2. To
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Practice Exam #3
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. The natural rate of unemployment is
a.
b.
c.
d.
the average rate of unemployment around which the economy fluctuates.
about
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #8
Due: Thursday, April 10, 2014
Provide type-written answers to the following questions:
1. Chapter 11. Problems and Applications #2.
= ( ) + + .
Solution. a) Total planned expenditure is
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Solutions to Exam #1
Multiple Choice Questions. (25 points; 2.5 pts each)
1. The unemployment rate:
A) was zero during the 1990s in the United States.
B) was zero on average between 1900 and 1950 i
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #6
Due: Thursday, March 27, 2014
Provide type-written answers to the following questions:
1. Chapter 7. Problems and Applications #2.
Solution. To show that the unemployment rate evolves ov
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #3
Due: Tuesday, February 11, 2014
Provide type-written answers to the following questions:
1. Chapter 3. Problems and Applications #1.
Solution. a) According to the neoclassical theory of
Aadland Spring 2014
ECON 3010 Intermediate Macroeconomics
Final Exam
Multiple Choice Questions. (60 points; 3 pts each)
1. Two striking features of a graph of U.S. real GDP per capita over the twentieth century are the:
A)
B)
C)
D)
overall upward trend in
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #2
Due: Thursday, February 6, 2014
Provide type-written answers to the following questions:
1. Chapter 2. Problems and Applications #2.
Solution. Value added by each person is the value of
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #4
Due: Tuesday, February 21, 2013
Provide type-written answers to the following questions:
1. Chapter 4. Problems and Applications #1.
Solution. Money functions as a store of value, a medi
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Solutions to Exam #2
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. All of the following are considered major functions of money except as a
a.
b.
c.
d.
medium of exchange.
way to display
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Solutions to the Final Exam
Multiple Choice Questions. (60 points; 3 pts each)
#1. An economys _ equals its _.
a.
b.
c.
d.
consumption; income
consumption; expenditure on goods and services
expendi
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #9
Due: Thursday, May 1, 2014
Provide type-written answers to the following questions:
Solution. a) If the central bank increases the money supply, then the curve shifts
1. Chapter 12. Prob
Aadland Spring 2013
ECON 3010 Intermediate Macroeconomics
Exam #3
Multiple Choice Questions. (25 points; 2.5 pts each)
#1. If the job separation rate is
unemployment is
a.
b.
c.
d.
and job finding rate is
, then the natural rate of
1 percent.
9 percent.
1
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #1
Due: Thursday, January 24, 2013
Go to the Federal Reserve Economic Database (www.research.stlouisfed.org/fred2/) and print
out graphs for the following five macroeconomic time series:
No
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #2
Due: Tuesday, February 5, 2013
Provide type-written answers to the following questions:
1. Chapter 2. Problems and Applications #2.
Solution. Value added by each person is the value of t
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #3
Due: Thursday, February 7, 2013
Provide type-written answers to the following questions:
1. Chapter 3. Problems and Applications #1.
Solution. a) According to the neoclassical theory of
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #5
Due: Thursday, March 7, 2013
Provide type-written answers to the following questions:
1. Chapter 5. Problems and Applications #1.
Solution. The real interest rate is the difference betwe
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #6
Due: Tuesday, April 2, 2013
Provide type-written answers to the following questions:
1. Chapter 7. Problems and Applications #2.
Solution. To show that the unemployment rate evolves over
ECON 3010 Intermediate Macroeconomic Theory
Solutions to Homework #7
Due: Tuesday, April 9, 2013
Provide type-written answers to the following questions:
1. Chapter 10. Problems and Applications #2.
Solution. a) If the Fed reduces the money supply, then t