MATH 246 Final: Final No Solutions Spring 1997
14 Mar 2019
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Instructions: there are two parts to this exam. The rst part has 5 short questions, worth 9 points each. The second part has 3 longer, analytical questions, worth 10, 25, and 20 points. There are a total of 8 questions and 100 points on the exam. You are not allowed to use calculators, books or notes. Part i: short questions (9 points each) answer each question as true, false or uncertain and explain why. Your grade will be primarily based on your explanation: an equal-sized increase in both taxes and government spending will have no long-run e(cid:30)ect on national saving, because public saving will not change. National saving is the sum of private and public saving, or (cid:86) = ((cid:92) (cid:3) (cid:87) (cid:3) (cid:70)((cid:92) (cid:3) (cid:87) )) + ((cid:87) (cid:3) (cid:74)). An equal-sized increase in (cid:87) and (cid:74) does leave public saving, (cid:87) (cid:3) (cid:74)(cid:62) unchanged.
