Chapter 1
Per Capita Real GDP growth calculation:
Y(t) = real GDP per Capita
G(t) = y(t) / y(t-1) 1
Since log (1+x) ~= x if x is small, we have:
Log (g(t)+1) = g(t)
Log (y(t)/y(t-1) = g(t)
Log (y(t) log(y(1-t) = g(t)
Since Log (y(t) log(y(1-t) is the slop
Student Name:
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ECON 2HH3 - Sections C01 and C02
Marc-Andr Letendre
e
DAY CLASS
DURATION OF EXAMINATION: 3 Hours
MCMASTER UNIVERSITY FINAL EXAMINATION
APRIL, 2011
THIS EXAMINATION PAPER INCLUDES 8 PAGES AND 17 QUESTIONS. YOU ARE
RESPONSIBLE
Surname/last name:
Given/rst name:
Student Number:
Economics 2HH3
Intermediate macroeconomics II
M.-A. Letendre
18 March 2010
Test 2 Section 1
Instructions
Do not open this exam paper until you are told to start the exam.
Write your name and student numbe
Bonus Quiz #2
Econ 2HH3 February 3, 2014
Bubble either True (a) or False (b).
Answer Questions #1-3 on the basis of Phillips curve equation and Okuns Law
equation
= e - 0.5[u un] + v
u = un 0.5[GDP GAP]
[Okuns Law]
= inflation rate
e = Expected inflatio
Econ 2HH3 Quiz #2
February 10, 2014
Students Name:
Problem Section: [25 marks]
Students #:
Question #1: [5 marks]
Assume that in a certain economy, the LM curve is given by the following equation:
Y = 2(M/P) + 20r + u, where u is random shock that is equa
July 2, 2013 Econ 2HH3 Test #1
Duration of the test: 90 minutes
Version 1
1.
2.
3.
4.
5.
Solution
B
B
B
D
C
6. B
7. D
8. D
9. A
10. D
11. D
12. C
13. D
14. D
15. D
16. D
17. D
18. C
19. B
20. A
21. D
22. B
23. B
24. A
25. A
26. A
27. B
28. A
29. A
30. B
T
Student Name:
Student Number:
ECON 2HH3 - Sections C01 and C02
Marc-Andr Letendre
e
and Bidyut Kumar Talukdar
DAY CLASS
DURATION OF EXAMINATION: 3 Hours
MCMASTER UNIVERSITY FINAL EXAMINATION
APRIL, 2010
THIS EXAMINATION PAPER INCLUDES 9 PAGES AND 18 QUEST
ECON 2HH3 PROBLEM SET 1 S15
ANSWERS
Due: Tuesday June 30, 2015
Worth 10 marks
Instructions:
(i)
Show all of your work.
(ii)
If there is a box provided in the question, please record your final answer in the
box.
(iii)
Hand in a printed copy of this sheet
Econ 2HH3
Recap of Chapter 13 and Chapter 14
Note that the Aggregate demand (AD) function in Chapter 13 (same AD in Chapter 11) is
not the same AD function we see in Chapter 14.
The AD curve in Chapter 13 is drawn with P in the vertical axis and Y in the
ECON 2HH3 PROBLEM SET 2 - ANSWERS
Due Tuesday July 2nd 2015
Worth 10 marks
Instructions:
(i)
Show all of your work on page 4.
(ii)
If there is a box provided in the question, please record your final answer in that
box.
(iii)
Page 3 of this problem set co
Econ 2HH3 Quiz #2
February 10, 2014
Solution
Problem Section: [25 marks]
Question #1: [5 marks]
Assume that in a certain economy, the LM curve is given by the following equation:
Y = 2(M/P) + 20r + u, where u is random shock that is equal to + 50 half the
Surname/last name:
Given/rst name:
Student Number:
Economics 2HH3
Intermediate macroeconomics II
M.-A. Letendre
30 January 2015
Test 1
Instructions
Do not open this exam paper until you are told to start the exam.
Write your name and student number at the
ECON 2HH3E Practice Test for Test 2 Answers Revised
Omit Questions 10, 11, 14 and 15 these questions were not in the assigned
reading for Chapter 13
1.
The Mundell-Fleming model assumes that:
a)
Prices are flexible, whereas the IS-LM model assumes that pr
1. The total amount of dollars being held by the public as currency and by the banks
as reserves is called
A. the reserve-deposit ratio.
B. the currency-deposit ratio.
C. fractional reserves.
D. the monetary base.
Correct. The answer is D. See Section 19-
ECON 2HH3 Numerical Questions for Test 1 Answers
1. Suppose that the following equations describe an economy. (C, I, G, T and Y are measured in billions of
dollars, and r is measured as a percent; for example, r = 10 = 10%):
C =
170 + 0.6(Y T)
T =
200
I =
Student Name:
Student Number:
ECONOMICS 2HH3 - Section C01
Marc-Andr Letendre
e
VERSION #1
DAY CLASS
DURATION OF EXAMINATION: 3 Hours
MCMASTER UNIVERSITY FINAL EXAMINATION
April, 2013
THIS EXAMINATION PAPER INCLUDES 14 PAGES AND 27 QUESTIONS. YOU ARE
RESP
Surname/last name:
Given/rst name:
Student Number:
Economics 2HH3
Intermediate macroeconomics II
M.-A. Letendre
13 March 2015
Test 2
Instructions
Do not open this exam paper until you are told to start the exam.
Write your name and student number at the t
2HH3 Quiz #1
January 20, 2014
Problem Section: [25 marks]
Solution
Question #1: (4 marks)
You are given the following information:
L=E+U
The steady-state unemployment rate is based on the following condition:
f(U) = s(E), where f is the job-finding rate a
Surname/last name:
Given/rst name:
Student Number:
Economics 2HH3
Intermediate macroeconomics II
M.-A. Letendre
30 January 2015
Test 1
Instructions
Do not open this exam paper until you are told to start the exam.
Write your name and student number at the
Download the full file instantly at http:/testbankinstant.com
Macroeconomics, Cdn. 4e (Williamson)
Chapter 1 Introduction
1) Which of the following topics is a primary concern of macro economists?
A) standards of living of individuals
B) choices of indivi
ECON 2HH3 Final Exam Review Questions - Answers
CHAPTER 19
1.
The
a)
b)
c)
d)
basic definition of the money supply involves:
Currency (C) plus reserves, (R)
Currency, (C) plus the monetary base, (B)
Currency, (C) plus deposits, (D)
The monetary base, (B)
ECON 2HH3 Practice Test for Test 1 - Answers
1. The natural rate of unemployment is:
A) the average rate of unemployment around which the economy fluctuates.
B)
about 10 percent of the labour force.
C)
a rate that never changes.
D) the transition of indiv
Bonus Quiz #1
Econ 2HH3 Monday January 13, 2014
Bubble either True (a) or False (b).
1.
Cuts in payroll taxes will lead to a rightward shift of the labour demand curve.
As a result, the demand-supply gap at a given Minimum Wage will be smaller and
structu
July 2, 2013 Econ 2HH3 Test #1
Duration of the test: 90 minutes
Version 2
1.
2.
3.
4.
5.
Solution
D
A
D
C
C
6. D
7. B
8. D
9. B
10. B
11. A
12. B
13. D
14. D
15. C
16. B
17. D
18. D
19. D
20. B
21. D
22. D
23. A
24. A
25. B
26. B The world interest rate (
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2HH3 Quiz #1
January 20, 2014
Problem Section: [25 marks]
Students Name:
Students #:
Question #1: (4 marks)
You are given the following information:
L=E+U
The steady-state unemployment rate is based on the following condition:
f(U) = s(E), where f is the
Bonus Quiz towards Test #1 Econ 2HH3
January 27, 2014
10 True-False Questions
Bubble T (a) if the statement is true and bubble F (b) if the statement is false.
1.
In Solow Growth Model, all Golden Rule solutions of y and k are steady-state
solutions, but
Econ 2HH3 Quiz #3 March 17, 2014
Problem Section: (25 marks)
Name:
Student #:
Question #1: (6 marks)
(a)
The company has bought a high-tech machine for $100,000.
The value of this machine is expected to rise by 3 percent.
Nominal interest rate is 5 percen
Important Points and Synopsis
Chapter 5
1.
L=E+U
U/L = s/(f + s)
Lower job-separation rate (s) will reduce unemployment.
Higher job-finding rate (f) will reduce unemployment
2.
Total numbers of workers finding jobs
= Job finding rate (f) multiplied by num
ECON 2HH3- TA Information
Shahed Khan
Emily Lyons
Simon Webb
[email protected][email protected][email protected]
Office Hours (2HH3 E)
Date
Time
Mon Jan 13th 5:006:00pm
Mon Jan 20th 5:006:00pm
Mon Jan 27th 5:006:00pm
rd
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th
Mon
Chapter 7
4. Suppose that the depreciation rate increases. In the Solow growth model, determine
the effects of this on the quantity of capital per worker and on output per worker in the
steady state. Explain the economic intuition behind your results.
5.
Short-Answer Questions: Chapter 10 & 11
1.Consider a two period model (chapter 10), in which consumer can save (lend) or
borrow at an interest rate of r and for the case in which the consumer can save (lend) at
this rate but cannot borrow at all.
Consider