ECON 1120 Midterm: Econ 1120_2012Fall_prelim1_Makeupversion with solution
Document Summary
Econ 1120 intro macro fall-2012 october 10, 2012. There are two sections in this exam: part i: 15 multiple choice questions @ 3 points each, part ii: 2 short answer question (22 points) + 2 newspaper article questions (33 points, answer all questions. Total time = 90 minutes: prelim1 score counts for 25% of final grade. Part i: multiple choice: suppose you are an owner a company producing product a. That means that: the unemployment rate is 0, there is some structural unemployment but no frictional unemployment. If economy of eldorado is not at a full employment level of production, its labor force participation rate doesn"t reach a maximum participation rate: there is cyclical unemployment, all of the above, none of the above. Propensity to save: none of the above, a canadian company produces and sells carpets in the united states.
