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Personally drafted Sample practice Questions

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ECON 291
Alfred Kong

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ECON 291Summer 2010Sample Midterm 2Instructor Alfred KongInstructions This midterm is 90 minutes long You are required to answer all questions in Part A and Part B The actual exam will be longerPart A 3 marks each 30 marks in totalPlease state whether the following statements are True False or Uncertain one mark and provide a short explanation two marks Answer all questions1 The money supply increases as incomes rise2 If foreign ination is higher than domestic ination then we should expect the nominal exchange rate to rise3 A temporary increase in oil prices which decreases productivity shifts the FE line to
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