ECON 2001.01 Midterm: ECON 2001.01 Midterm 2 2010 Spring

• School: Ohio State University
• Department: Economics
• Course: ECON 2001.01
• Professor: All

Document Summary

The exam consists of 30 multiple choice questions. The exam is closed book and closed notes. Thus, the exam is worth a total of 90 points. If you answer less than 11 correct, you will have performed poorly on the exam. Please read and follow the following exam guidelines: tear off and turn in this sign in sheet along with your scantron sheet and make sure your name is on both of them. You may use a calculator; however, you may not use the programmable part of the calculator. Some useful equations: (cid:2176)(cid:2174)(cid:3404) (cid:2172)(cid:2202)(cid:3398) (cid:2172)(cid:2202)(cid:2879)(cid:2778) (cid:2172)(cid:2202)(cid:2879)(cid:2778) (cid:3397) (cid:2160)(cid:2202)(cid:2172)(cid:2202)(cid:2879)(cid:2778) (cid:2174)(cid:2174)(cid:3404) (cid:2174)(cid:2161)(cid:2175)(cid:2160)(cid:2161)(cid:2172) (cid:2169)(cid:2169)(cid:3404) (cid:2778)(cid:2174)(cid:2174) Principles of macroeconomics professor william dupor: suppose we observe an inward shift in money demand as pictured below. The current price of shares of microsoft is . This concept is an implication: (a) monetary neutrality (b) monetary damages (c) money multiplier. Principles of macroeconomics professor william dupor: the required reserve ratio for banks is 10% .