ECO4203: Intermediate Macroeconomic Theory Dr. O Norrbin OLD MIDTERM EXAM 1 Multiple-choice Questions _1. Assume that a tire company sells 4 tires to an automobile company for $400, another company sells a compact disc player for $500, and the automobile
Chapter 10: K eynesian Cross and the I S-LM M odel Outline for review T he Good M arket The Keynesian Cross: (study equations and graphs) o What is planned expenditure? o What is the equilibrium condition in the Keynesian cross? o Fiscal policy and the Mu
ECO4203 Fall 2010 Practice Problems for Quiz 3 1. The I S and LM curves together generally determine: A) income only. B) the interest rate only. C) both income and the interest rate. D) income, the interest rate, and the price level. Use the following to
Chapter 2: The Data of Macroeconomics Key Concepts Measuring the value of economic activity: GDP The circular flow Stocks and Flows Rules of computing GDP o Adding apples and oranges o Used goods o The treatment of inventories o Intermediate goods and val
Intermediate Macroeconomics Review for EXAM 1 Spring 2011 Chapter 2 National Income Account a. What counts toward GDP b. What are left out from GDP measurement c. Define nominal and real GDP. Why the differences between nominal and real GDP are important?
Practice for Quiz 2
ECO4203 Chapter 10: Keynesian-cross model and I S curve
1. The simple investment function shows that investment _ as _ increases. A) decreases; the interest rate B) increases; the interest rate C) decreases; government spen
Practice Problems for Quiz 1 ECO4203 Fall 2010 Dr. Norrbin 1. The total income of everyone in the economy is exactly equal to the total: A) expenditure on the economy's output of goods and services. B) consumption expenditures of everyone in the economy.
Florida State University Department of Economics
ECO4203: I ntermediate M acroeconomic Theory Spring 2011
Class Times & Locations: Section 01 Section 02 T R 9:30 10:45 a.m. at 203 BEL T R 3:35 4:50 p.m. at 033 BEL
I nstructor: Dr. Onnie Norrbin Course Web
Chapter11:ApplyingtheISLMmodel OutlineforReview Factorsaffectingequilibriumincomeandtheinterestrate o Monetarypolicy achangeinmoneystockMS ShiftsintheLMcurve Explainhowthenewequilibriumisachieved EvaluateshortrunchangesinYandr o Fiscalpolicy Gand/orT Shi