Econ-UA_20_Mid2_Solution_sp05_V1
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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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Balls (per hour)
Tom and Abby produce rackets and balls. The graphs
show their production possibilities.
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For questions 50 and 51 the table below showing the input costs of making bread and cheese might be helpful. Assume that that
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50. England has a comparative advantage in the production of
a. neither good and Spain has a comparative advantage in the production of both goods.
b. cheese and Spain has a comparative advantage in the production of bread.
c. bread and Spain has a comparative advantage in the production of cheese.
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- O MyLab and Mastering Q Macro Chapter 2 Flashcards | Qui x P Do Homework - Chapter 3: The Economic Problem - Google Chrome -> A bartleby.com/questions-and-answers A mathxl.com/Student/PlayerHomework.aspx?homeworkld=616379614&questionld=12&flushed=false&cld=6801150¢erwin=yes E Apps M Gmail O Maps G Grammarly O canvas A Classes C Cle Econ I Fall 2021 Intersession THU TRANG :| 12/20/21 11:37 PM Reading list bartleby Homework: Chapter 3: The Economic Problem Question 26, Chapter Problem 7 Part 1 of 4 HW Score: 51.43%, 18 of 35 points O Points: 0 of 1 Save Ask our Homework Balls (per hour) Tom and Abby produce rackets and balls. The graphs show their production possibilities. Balls (per hour) 25- 50- Subject Choose a subject 20 40 Tom allocates all his resources and produces 2 rackets and 10 balls an hour. Abby allocates all her resources and produces 2 rackets and 20 balls an hour. 15- 30- 10- 20- Tom's PPF Abby's PPF 10- В I 0- 0+ What is your question? Rackets (per hour) Rackets (per…arrow_forwardN Course: EC 201 Microeconomic P X MindTap - Cengage Learning X Answered: Consider the competit X + ← → с ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=56960519240215212983351261543&eISBN=9781305648173&id=1488825754&nbld=2941604... Q • Kathryn v « CENGAGE MINDTAP My Home Homework (Ch 09) Courses Attempts Keep the Highest / 4 Catalog and Study Tools 5. Deriving the short-run supply curve Rental Options Consider the price-taker market for sports jackets. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the market. College Success Tips Career Success Tips (?) RECOMMENDED FOR YOU Study Tools 100 90 80 Study Tools for Principles of Economics 70 D 60 ? Help Give Feedback A Type here to search COSTS (Dollars) 50 40 30 20 10 0 0 10 30, 15 O ATC AVC MC 20 30 40 50 60 70 80 QUANTITY (Thousands of jackets) 발 90 100 D 57°F Q Search this course X 12:51 AM 6/11/2022 x : A-Z banga A+arrow_forwardy Bookmarks Profiles Tab Window cy Technician Certific X Midterm al.docx Help Midterm-Yoshira Martinez - C x | Inbox G cy.instructure.com/courses/16619/assignments/339423?module_item_id=659583 Page > of 4 0 5Which series of communication channels is arranged from smallest to largest? a. Facebook, Mediated Communication, Social media b. Social media, Mediated communication, Snapchat c.Instagram, Social media, Mediated communication d. Mediated communication, Social media, LinkedIn 6) You spend all your free time on Instagram and Facebook while neglecting meaningful face-tarrow_forward
- WebCampus |x Course MesON 1021 X * MindTap - Cengage Learning x 2 MindTap Cengage Learning x O Meet-wd yras-aks x 4 O https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=598281236560221612301640424&elSBN=9780357133606&id%3D1380087454&snap. a * CENGAGE MINDTAP << Search thi News Analysis: Border Security Tradeoffs Adjust the following graph to illustrate the effects of implementing such measures. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will Tools snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (7) ips ps 80 АСT p! The 30 60 90 120 TOURISM (Millions of visitors) (? 67°F Cloudy o search hp fyo inse 10 4+ 144 * 2$ 4 %3D 8. R|| Y U P LO %24 %23 SECURITY (Percent of terrorists caught)arrow_forwardEastern New Mexicx Ⓒ Katey ✓ My Home Courses Help Catalog and Study Tools Rental Options College Success Tips Career Success Tips @ Give Feedback Warning! Due to itx 81°F Sunny « Mail - Linger, Kate X CENGAGE MINDTAP Outcome International Econ X https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5894682496242974058071538219&elSBN=9781337 Prevention of tariff wars MindTap - CengagX Homework (Ch 06) Indicate whether each outcome in the following table is or is not an objective of economic sanctions. Objective Not an Objective Infant industry protection Reduction of nuclear proliferation Compensation for property expropriated by foreign governments MindTap - Cengagx MindTap - CengagX a O + In 1985, Western countries imposed economic sanctions on South Africa with the goal of reforming the apartheid system. Prior to the sanctions, coal and agricultural goods were exported internationally by South Africa. The following graph shows South Africa's production possibilities…arrow_forwardHelp completing the tablearrow_forward
- Ders High Schc x e Home | Lesson | Assessment Play x + esw.edisonlearning.com/cds/index.html?sitelD=93278&userID=D411760&viewMode=false&schoolyear_id=462#/cp/lesson/lessonsplash/assessmentsplas Economics with Financial Literacy Part 2 [Competency Based] Economics with Financial Literacy Part 2 [Competency Based]- Lesson 17 Assessment- EDCB.SS013.B Question 1 3 of 5 One country would invest in a developing nation's businesses to achieve a favorable return in the future. O True O False e here to search '5 8 E R G H J K CV Barrow_forwardRead over these resources for writing good introductions and conclusions. t, revise the introduction and conclusion using what you've learned. But remember--you may NOT use the internet to find information. Use your own experience and knowledge. For this,write a few sentences about how you used the resources to revise your draft. Introductions and Conclusions--LARC : https://www.grammarly.com/blog/start-an-essay/ Introductions from Grammarly : https://www.grammarly.com/blog/start-an-essay/ Conclusions from Grammarly : https://www.grammarly.com/blog/how-to-write-a-conclusion/?gclid=Cj0KCQjwkt6aBhDKARIsAAyeLJ23T6pYsFTrmPFi6_R-EKRAFxRNyoXR9RujMH573K3WFks_fwGChdAaAmOHEALw_wcB&gclsrc=aw.ds Working part-time at my local Dairy Queen has given me firsthand experience of the challenges associated with a $9 /hour wage. Despite putting in 36 hours (about 1 and a half days) weekly, the paycheck hovers around $250-$260, highlighting a stark economic reality. This scenario underscores the…arrow_forwardN Course: EC 201 Microeconomic P X MindTap - Cengage Learning X Economics Questions & Answers X + ← C ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=56960519240215212983351261543&eISBN=9781305648173&id=1488825732&snapshotld=294... Q « Kathryn CENGAGE MINDTAP My Home Homework (Ch 07) 9 Courses Back to Assignment Attempts Keep the Highest / 1 9. Elasticity and total revenue The following graph shows the demand curve for trekking poles. Points L, M, N, and O mark price ranges over which you will be asked to calculate the price elasticity of demand for this good. Use the purple rectangle labeled Total Revenue (diamond symbols) to compute total revenue at various prices along the demand curve. To see the area of the Total Revenue rectangle, select the shaded area with your mouse. You will not be graded on where you place the rectangle. (?) 10 8 Catalog and Study Tools Rental Options College Success Tips ➡ Career Success Tips RECOMMENDED FOR YOU Study Tools Study Tools for…arrow_forward
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