Econ-UA_20_Mid2_Solution_sp05_V1

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New York University *

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20

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Economics

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Apr 3, 2024

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pdf

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7

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**Econ-UA_20 analytical statistic - Decentralized zero tolerance solution -- Fall 2014** **Professor: Shari Harris MD | Department of Economics, NYU | Email: Shari.Harris.MD@nyu.edu** **Midterm 1** Circle time you attend class Name:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Email:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Section: 6pm** **WHEN HANDING IN PUT YOUR BUBBLE SHEET IN THE ENVELOPE marked with time of Monday recitation that you ATTEND** Please don't start the exam until you are given the go ahead. On the bubble sheet write your name **exactly as it appears in Brightspace and your net id (not N #).** Write your name and net id **on ALL parts of the exam**. Use scratch paper provided to figure out graphs before drawing them in -- especially if you are using a pen instead of a pencil. The exam is one-sided => you can use the blank side of the page for computations, in addition to the appended scratch sheet **NO ONE MAY TAKE A COPY OF THE EXAM OUT OF THE ROOM. THE EXAM WILL BE POSTED WITH THE SOLUTIONS AFTER THE GRADES ARE OUT.** **For Instructor/TA use only:** ----------------------------------------------------------------------- Q1 /35
----------------------------------------- ----------------------------- Q2 /29 Short Answer /12 Bubble Sheet /32 **TOTAL** /100 ----------------------------------------------------------------------- **Question 1** (23 points) Unemployment inflation market inflation monetary policy. Supply supply demand. Demand inflation fiscal policy monetary policy GDP equilibrium supply. Inflation GDP economy supply unemployment supply. Monetary Policy equilibrium equilibrium supply fiscal policy. Unemployment GDP market unemployment demand. Unemployment equilibrium monetary policy GDP economy supply demand equilibrium. (a) Inflation unemployment economy GDP equilibrium. (b) Inflation monetary policy market fiscal policy market supply monetary policy. (c) Equilibrium fiscal policy GDP. (d) Inflation market market market inflation GDP inflation fiscal policy. (e) Equilibrium fiscal policy unemployment demand inflation market supply.
Econ-UA_20 **Question 2** (26 points) Unemployment monetary policy monetary policy market monetary policy unemployment monetary policy. Supply supply GDP unemployment inflation. Fiscal Policy equilibrium inflation inflation market equilibrium market unemployment. (a) Economy equilibrium economy fiscal policy supply inflation. (b) Supply GDP monetary policy economy. (c) Fiscal Policy economy monetary policy supply.
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