ECON 1010 Study Guide - Multiple Choice, Reserve Requirement, Excess Reserves
Document Summary
The total marks for this test are 50. Part i - problem format - is worth 37 marks (37 of the total mark of 50) Part ii explanations (8 marks) and multiple choice (5 marks) (13 of the total mark of 50) Print your name and student number clearly on the front of the exam and on any loose pages. Part i: place your answers (and work where necessary) in the space provided. Clearly label all axes, curves, and points: macromodel (12 marks) An economy has the following set of macroeconomic equations. Im = 20 + 0. 08y a) what is the consumption equation as a function of y (not yd)? (1 mark) 1 mark: c = 230 + 0. 63y from something like 230 + 0. 84(y 0. 25y) b) what is the aggregate expenditure equation? (2 marks) 1 mark: correct autonomous part = 1,350 from ae as sum of above c + i + g + x - im.
