MATH 246 Final: Final No Solutions Spring 1996
14 Mar 2019
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Instructions: there are two parts to this exam. The rst part consists of 7 short-answer questions, worth 6 points each. The second part consist of 4 analytical questions, worth 18, There are a total of 11 questions and 100 points on the exam. You must show your work to receive credit. Also, please remember to turn the page over the exam continues on the other side. Part i: short answer questions (6 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 ce. Your grade is almost solely based on your explanation: in the fisher two-period model of consumption, an increase in second-period income should lead to an increase in rst-period consumption. It is true that the growth rate of capital per person will go up in the short run, since the level of capital per person declines.
