Econ Homework Questions
Spike in Oil Prices
A. Suppose there is a temporary, but significant, increase in oil prices in an
economy with an upward sloping SRAS curve. When such a steep supply shock
hit
Econ Homework Multiple Choice
1. All of the following would shift the LRAS curve to the right EXCEPT
A. An increase in the size of the labor force
B. A net inflow of human capital
C. An increase in th
1.
C = CA + MPC*Yd
Yd = Y - T
PE = Y at equilibrium
PE = C + I + G (closed economy)
CA = 200
MPC = .8
I = 250
G = 300
T = 100
Solve for Y*
Since PE = Y,
Y=C+I+G
Y* = 3350 (we did this in class, but it
Percy Patrick Diiorio
ECO 126 Fall 2013 BLS.gov assignment.
1. On the BLS.gov site find definitions for U3 and U6 measures of unemployment. How are they
different? If you were a policy maker, which wo
ECO 126 Fall 2013
Exam 3 review sheet
The exam covers Chapters 15 and 16, all homeworks, lectures, since exam #2.
Chapter 15: Money, Banking and Central Banking
-Definitions:
Money
three functions of
Solutions to Chapter 15 problems
15-4
M1 = 2200
M2 = 9700
15-5
M1 = 2100
M2 = 10,700
15-6
A. Neither
B. M2
C. M1 and M2
D. M2
15-7
A. M1 and M2
B. Neither
C. M2
D. M1 and M2
E. M2
15-15
9.09
15-16
.85
ECO 126 Fall 2013
Review sheet for exam #1
The exam will cover the following, among other topics. This is not exhaustive-you are
responsible for all readings, class lectures, films etc.
-Miller Chapte
Unemployment Homework Econ
1. The unemployment rate reported last Friday (11/8/13) is _7.3_%.
2. The annualized rate of growth of US GDP for the third quarter, reported last
Thursday (11/7/13) is equa
Econ HW Aggregate Supply/Demand
1. Name two of the determinants of Aggregate Demand.
Interest rates
Price level
2. Define a recessionary gap. Think of the modern Keynesian short run Aggregate
Supply.
Econ HW
Professor Reinhauer
In the real world, taxes are composed of a base T and a marginal rate t. The marginal
rate is a function of income.
T = T + tY
1. Given the following planned spending funct
Percy Patrick Diiorio
ECO 126 Fall 2013BLS.gov assignment.
1. On the BLS.gov site find definitions for U3 and U6 measures of unemployment. How are they
different? If you were a policy maker, which wou
1.
C = CA + MPC*Yd
Yd = Y - T
PE = Y at equilibrium
PE = C + I + G (closed economy)
CA= 200
MPC = .8
I = 250
G = 300
T = 100
Solve for Y*
Since PE = Y,
Y=C+I+G
Y*= 3350 (we did this in class, but it w
1. Patrick Percy Diiorio Econ Policy HW
Interest on Required Reserve Balances and Excess Balances
Currently the Federal Reserve is paying interest on both required and excess reserves. It
promotes eff
Complete problems 15-4 to 15-7 and 15-15 to 15-19. M1 and M2 problems will be on the
exam so you must know them by practicing them.
15-4
M1 = 2200
M2 = 9700
15-5
M1 = 2100
M2 = 10,700
15-6
A. Neither
ECO 126 Fall 2013
Review sheet for exam #1
The exam will cover the following, among other topics. This is not exhaustive-you are
responsible for all readings, class lectures, films etc.
-Miller Chapte