Semester 2, MACRO ECON2234 Final Exam Questions
20 MCQs- 20 marks
SHORT ANSWER- 30 marks
Q1
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Q1
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Derivations and Calculations- ISLM (2012)
Derive IS equation (Y on left hand side)
Derive LM equation (interest rate on left ha
MACROECONOMICS QUIZ QUESTIONS
MCQS
1.
Compared to the closed economy IS-LM model, the open economy IS-LM model features:
a. A flatter IS curve
b. A steeper IS curve
c. A steeper LM curve
d. A flatter LM curve
e. A steeper IS and a flatter LM curve
2.
Supp
Quiz 1 Week 3
1) Which of the following is NOT true in the medium run?
a) A change in monetary policy can shift the AD curve.
b) A change in fiscal policy can shift the AD curve.
c) A change in fiscal policy can change output and prices.
d) A change in mo
MCQ SOLUTIONS
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B
B
A
D
A
A
C
C
B
E
C
C
E
E
C
E
B
C
E
C
D
E
A
B
D
E
A
B
A
A
B
B
D
DEFINITIONS
Week 6
IS-LM Model: A model showing that the interaction between the IS and LM
curves determines the interest rate and the level of income for a given price level,
for which both the goods market and the money market are in equilibrium.
Goods
ECON1102 Macroeconomics: Money and Finance
Academic Year 2016, Semester II
Tutorial 1 (Week3 starting on 15 Aug)
1.
Year 2006
Year 2007
Quantities Produced
CDs
Tennis
Rackets
100
200
120
210
CDs
20
22
Prices
Tennis
Rackets
110
120
a. Calculate real GDP us