ECON 1010 Study Guide - Midterm Guide: Barter, Real Interest Rate, Opportunity Cost
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Instructions: this exam consists of thirty (30) multiple choice questions. There is only one correct answer: please answer all questions by marking the appropriate spaces on the computerized answer sheet. Scantrons will not be returned: if required, an english dictionary is allowed, no calculators or electronic aids permitted, all papers are to be handed in, time allowed: 1 hour (60 minutes) Examname___________________________________macro economics 1010 o test 2 winter 2016 version cmultiple choice. Short-run macroeconomic equilibrium real gdp in econoworld is12)a) billion. b) billion. c) billion. d) billion. e) billion. 13)suppose you think that the canadian dollar exchange rate will depreciate against the u. s. dollarover the next month. "b)"recent higher wage settlements are expected to cause higher inflation this year. "c)"the increase in consumer spending is expected to lead to inflation, without any increase inreal gdp. "d)"the decrease in consumer spending may lead to a recession. "e)"growth has been unusually high the last few years due to more women entering the workforce.
