MATH 246 Final: Final No Solutions Fall 1989
14 Mar 2019
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Instructions: there are two parts to this exam. The rst part consists of 6 short-answer questions, worth 8 points each. The second part consist of 2 analytical questions, worth 32 and 20 points, respectively. There are a total of 8 questions and 100 points on the exam. You are not allowed to use calculators, books or notes. You must show your work to receive credit. Part i: short answer questions (48 points total; 8 points each)answer each question as true, false or uncertain and explain why. In each case, a few well-chosen sentences or graphs will su(cid:33)ce. Your grade is solely based on your explanation: in the 1990s, a decline in in ation was accompanied by high output growth. This is incon- sistent with the aggregate demand/aggregate supply model, which predicts that falls in in ation should be accompanied by slower output growth.
