ECO102H1 Study Guide - Open Market Operation, Bank Reserves, Autarky
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ECO102H1 Full Course Notes
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Almost all of the following questions have appeared on final exams. Trade sometimes appears as a question in the macro portion of the exam, so there are some questions on that topic here too. As suggested in the preamble to the micro review, you might consider trying these questions, without peeking at answers, in 70 minutes. If you are going to do that, wait until we have covered the foreign exchange market in the final lectures. Consider the aggregate expenditure (ae) model with a stable price level. Suppose that an economy is in equilibrium initially. The impact of monetary policy on real output (or real gdp) will be greater, the: flatter the demand for money (or lp = liquidity preference) curve and the investment demand (or mei = marginal efficiency of. Consider the keynesian constant price model with a money market.
