ECON 102 Final: ECON 102 Final Exam Winter 2005 Solutions
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Answers: the wall street journal reports that 2004 saw an increase in the real interest rate and a simultaneous depreciation of the real exchange rate. Which of the following is true from the perspective of the us: nx decreases, foreign direct investment decreases. As a result, they can perfectly predict short run and long run outcomes of fiscal policy. Assume that the labor force in the us totals 100 million people and the aggregate production function is y=100,000l (y is real gdp, If the economy moves to point b in 2004, then the unemployment rate for 2004 is _______, and the inflation rate from 2003 to 2004 is ________. That is, all of the above are valid reasons for why the short-run aggregate supply curve is upward sloping: assume mpc = 0. 8. The white house decides to implement expansionary policy to increase the. Answer the following four questions based on the information provided in the table below:
