Problem Set #2
ECON 295
Name (Print):
1. [5 pts.] Suppose that the year you were born someone bought $100 of goods and
services for your baby shower. How much would you guess it would cost today to
buy a similar amount of goods and services? Now find data
Problem Set #3
ECON 295
Name (Print):
1. [5 pts.] List the three categories used by the Bureau of Labor Statistics to classify
each adult (16 years of age and older) in the economy. How does the Bureau
compute the unemployment rate?
2. [5 pts.] Describe t
Name_
Econ 295 Practice Exam #2
SECTION I: MULTIPLE CHOICE. Choose the one alternative that best completes the statement or
answers the question (60 points total; 4 points each)
1) Which of the following macroeconomic variables is procyclical and lags the
Name_
Econ 295 Practice Exam 3
SECTION I: MULTIPLE CHOICE. Choose the one alternative that best completes the statement or
answers the question (60 points total; 4 points each)
1) Marvin's Metal Company produces screws that it sells to Ford, which uses th
Name_
Econ 295 Practice Exam 3
SECTION I: MULTIPLE CHOICE. Choose the one alternative that best completes the statement or
answers the question (60 points total; 4 points each)
1) Marvin's Metal Company produces screws that it sells to Ford, which uses th
Econ 295 Suggested Solutions for Practice Exam #1
SECTION I: MULTIPLE CHOICE. (60 points total; 4 points each)
1.
Frictional unemployment arises when:
workers must search for suitable jobs and firms must search for suitable workers;
2.
A decrease in the n
Econ 295 Suggested Solutions for Practice Exam #2
SECTION I: MULTIPLE CHOICE. (60 points total; 4 points each)
1) Which of the following macroeconomic variables is procyclical and lags the business cycle?
D) Nominal interest rates
2) Industries that are e
ECON 295A,B; Fall 2012
1
Analysis with the Classical Model
Problem Set I
ThisassignmentisdueatthebeginningofclassonSept.17.ThisProblemSetisoverchapters3and4of
Froyen.Eachstudentmustsubmitaseparatepieceofwork ,however,studentsareencouragedtoworktogether.
1
ECON 295A,B; Fall 2012
Analysis with the Classical Model
Problem Set I
ThisassignmentisdueatthebeginningofclassonSept.17.ThisProblemSetisoverchapters3and4of
Froyen.Eachstudentmustsubmitaseparatepieceofwork ,however,studentsareencouragedtoworktogether.
Midterm II Practice Questions
These are practice questions for Midterm II. Midterm II will include true/fale/uncertain
questions, short answer questions and a long answer question; while there will be no multiple
choice questions on the exams, the multipl
Problem Set #6
ECON 295
Name (Print):
1. [5 pts.] In the Solow model with capital accumulation, population growth, and
technological progress, what determines the steady-state rate of growth of income
per worker?
2. [5 pts.] In the steady state of the Sol
Problem Set #5
ECON 295
Name (Print):
1. [5 pts.] In the Solow model, how does the saving rate affect the steady-state level of
income? How does it affect the steady-state rate of growth?
2. [5 pts.] Why might an economic policymaker choose the Golden Rul
Problem Set #4
ECON 295
Name (Print):
1. [5 pts.] What determines the amount of output an economy produces?
2. [5 pts.] Explain how a competitive, profit-maximizing firm decides how much of
each factor of production to demand.
3. [5 pts.] Write down a Cob
Name_
Econ 295 Practice Exam #1
SECTION I: MULTIPLE CHOICE. Choose the one alternative that best completes the statement
or answers the question (60 points total; 4 points each)
1. Frictional unemployment arises when:
a. output and employment are below fu