Q2. Let us suppose the government cuts government spending and increases taxation with the
aim of achieving a budget surplus and reducing its public debt. Using the Blanchard and
Sheen AS-AD model, ex
Question 1
Constant returns to scale suggests that if N and K both increase by 6%:
output (Y) will increase by more than 3%.
Y will increase by exactly 3% .
Y will increase by less than 3%.
the capita
Q
EST!
NS
1. Which questions in macroeconomics interest you the most? Why?
2. Given your current knowledge, what do you think are the answers to these
questions?
3. How does macroeconomics study these
1.
QUESTION 1
Which of the following prices are included in the GDP deflator,
but not included in the Consumer Price Index?
firms' purchases of new
equipment
intermediate goods and
services
imports
co
Question
1
1 out of 1 points
When output is greater than the natural level:
Selected
Answer:
the price level is greater than the
expected price level.
Correct
Answer:
the price level is greater than t
Question 1 Multiple Choice
1
1 points
Suppose the production function is represented by the following: Y = F(K, AN). Now,
suppose the variable, A, doubles. This implies that:
the same output can be pr
64;
Chapter 3 An Overview of Long-Run Economic Growth
The important tools we will use extensively in the coming chapters are listed below
for your convenience.
@ Calculating a growth rate as a perce
Question 1
Multiple Choice
1 points
Use the following information to answer the question below.
C = 1000 + .8(Y-T)
I = 800
G = 1800
T = 1000
The equilibrium level of GDP for the above economy equals:
1.
QUESTION 1
An open market purchase of bonds by the central bank will cause which of
the following when a liquidity trap situation exists?
The money supply will not
change.
The interest rate will no
My Units of Study
H
Online Quizzes
2015
Semester
1ECON5002
Macroeconomic
Theory
eCommunities
Qianhui Yang
Students
50
Review Test Submission: Quiz 2
Review Test Submission: Quiz 2
User
Qianhui Yang
Un
Ch.8
1) If policymakers underestimate the natural rate of unemployment, they may
follow policies that cause Australia to have:
A) more unemployment than necessary.
B) an unemployment rate that is "too
1) Suppose nominal GDP increases in a given year. Based on this information, we know
with certainty that:
A) real output has increased.
B) the price level (GDP deflator) has increased.
C) real output
Page 1 of 7
Last Name : _
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SCHOOL OF ECONOMICS
Faculty of Arts and Social Sciences
ECON5002 Macroeconomic Theory
Mid-semester Examination
Semester 1, 2015
Chemistry Lecture Thea
economies trade
lapter 20 studies
think about the
nces of the high
,1 Chapter 21 we
vortant questions
iderstanding the
rmous improve~
rces of economic
if we understand
:hem from recure
rms and how
for
1) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: A) real output has increased. B) the price level (GDP deflator) has increased. C) real output
Tutorial 7
5.
a.
The production function is given by Y 0.5 K N . Divide the production
function by N to derive output per worker:
Y 1 K
N 2 N
The capital accumulation equation is defined as:
K t 1 K t
QUESTION 1
If there were perfect competition, then rn n the price setting equation P = (1+mi'N). would equd
O W
O P
O 1
O 0.5
0 none of the above
QUESTION 2
In the aggregate supply relation. the cur
QUESTION 1 Illpalnh m
When a liquidity trap situation exists, the most appropriate poiicy to increase output would be: I
O a centrai bank purchase of bonds.
0 an increase in government spending.
0 an
Tutorial 4
Q6. a. Open answer. Firms may be so pessimistic about future sales and the general
business environment that they do not want to borrow at any interest rate.
b. The IS curve is vertical; th
64
Chapter 3
An Overview of Long-Run Economic Grovvth
The important tools we will use extensively in the coming chapters are listed
for your convenience.
Calculating a growth rate as a percentage chan
Tutorial 3
Q1. a. Y = C+I+G = 200+0.25*(Y200)+150+0.25Y1000i+250
Y = 11002000i (IS Curve)
b. M/P = 2Y8000i
i = Y/4000(M/P)/8000 (LM Curve)
c. Substituting i = 0.05 into part 4(a): Y = 11002000*0.05 =
Tutorial 1
Q1.Wheat and Bread
Wheat and Bread
(a) Final goods approach: wheat is a final good as well as an intermediate good.
Firm A produces 50,000 bushels of wheat, sells 20,000 bushels to firm B t
My Units of Study
H
Online Quizzes
2015
Semester
1ECON5002
Macroeconomic
Theory
eCommunities
Qianhui Yang
Students
49
Review Test Submission: Quiz 5
Review Test Submission: Quiz 5
User
Qianhui Yang
Un
Tutorial 2
Chapter 4
Q4.Suppose that money demand is given by
Md = $Y(.25- i)
where $Y is $100. Also, suppose that the supply of money is $20. Assume
equilibrium in financial markets.
a. What is the i
ECON5002
David Kim
Lecture 8
May 9 - 10
Class Outline
Endogenous Monetary Policy
The Modern AS/AD Model
Modern Monetary Policy and Expectations
Deflation and Liquidity Trap
Monetary Policy in a Financ
ECON5001 - MICROECONOMIC THEORY
School of Economics,
University of Sydney, FASS
Lecture 10, Week of 9 Oct, 2017
1. Monopolies 2. Price
Elasticity
of
Demand, 3. Marginal Revenue, Marginal Cost
and Mono
ECON5001 Microeconomic Theory, Semester 2, 2016
Midsemester Exam
Questions for Quiz 3
Econ5001, Semester 2, 2017
Instructions Please read first. Follow these steps in order to do the quiz.
1. This fil
Questions for Quiz 2
Econ5001, Semester 2, 2017
Instructions Please read first. Follow these steps in order to do the quiz.
1. This file contains Questions to Quiz 2. Download this file.
2. Solve and