MATH 246 Final: Final No Solutions

• School: University of Maryland
• Department: Mathematics
• Course: MATH 246
• Professor: All

Document Summary

Instructions: there are two parts to this exam. The rst part has 5 short questions worth 10 points each. The second part has 3 longer analytical questions worth 11, 25 and 14 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 (10 points each) answer each question as true, false or uncertain and explain why. Your grade will be primarily based on your explanation: a cut in taxes will cause output to rise in the short run by more than the amount of the tax cut. In this case, output will rise by the keynesian multiplier, Even in this special case, a tax cut will only raise output by more than the size of the tax cut when m p c > 1.