Advanced Micro Economics
For each model below find the expected value and variance of output.
The impact fiscal policy multiplier
The long run fiscal policy multiplier
Which model has the smaller variance?
Ct =cY t1
I t =d Y
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Economics can best be described as 1)
A) the study of how to reduce inflation and unemployment.
B) the study of the use of scarce resources
April 9, 2015
Instructor: A. Coffin
Answer all of the following questions. Each has equal weight
Firms in a perfectly competitive market have
Professor S. Lynch
MULTIPLE CHOICE. Choose the one alternative that best co