ECON 2102 Midterm: Exam-ECON2102-2002December[1]
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Ffi carleton u n r v e r s t r y q | r. D u e a r i o n , 2. 9 2 i ) e 0 a - r i m e i r i n a m e & c o r r s e i \ j u r o e r - Please answer question i and any grry of the others. Suppose that an economy can be described as a closed model with four markets: goods, mone)". bonds and labour markets. For these two versions of the ad/as model: a. Compare the effects on the endogenous variables of the model following an increase in the money supply by the bank of canada. Ec"oi\" :102a - econorttics fin,tl exan - dec"enther 2002. Answer any one of the following true, false and uncertain questions. Remember that marks will be given only for your explanation.
