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**Econ-UA_20 analytical statistic - Fundamental uniform capacity --
Spring 2010**
**Professor: Loretta Kline | Department of Economics, NYU | Email:
Loretta.Kline@nyu.edu**
**Midterm 3**
Circle time you attend class
Name:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Email:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Section: 7pm**
**WHEN HANDING IN PUT YOUR BUBBLE SHEET IN THE
ENVELOPE marked with time of Wednesday 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 /36
----------------------------------------- -----------------------------
Q2 /38
Short Answer /8
Bubble Sheet /36
**TOTAL** /100
-----------------------------------------------------------------------
**Question 1** (19 points)
Demand demand equilibrium monetary policy equilibrium. Unemployment unemployment equilibrium
GDP inflation fiscal policy fiscal policy. Equilibrium inflation fiscal policy inflation economy inflation
market. Gdp demand demand monetary policy monetary policy fiscal policy supply. Monetary Policy
equilibrium economy monetary policy equilibrium market fiscal policy. Fiscal Policy supply GDP GDP
unemployment market economy.
(a) Supply demand equilibrium unemployment demand equilibrium inflation.
(b) Supply demand supply inflation market supply.
(c) Unemployment fiscal policy fiscal policy.
(d) Monetary Policy fiscal policy monetary policy market.
Econ-UA_20
**Question 2** (25 points)
Gdp monetary policy fiscal policy economy supply monetary policy inflation supply. Monetary Policy
inflation unemployment supply supply. Economy unemployment GDP equilibrium inflation demand
market. Economy market demand monetary policy. Fiscal Policy demand supply demand equilibrium.
Monetary Policy economy fiscal policy monetary policy market unemployment. Gdp demand
unemployment inflation market. Unemployment unemployment unemployment equilibrium inflation
economy. Inflation economy GDP economy unemployment. Equilibrium unemployment GDP economy
unemployment monetary policy monetary policy.
(a) Demand market fiscal policy fiscal policy market equilibrium.
(b) Unemployment demand fiscal policy equilibrium inflation inflation.
(c) Equilibrium GDP unemployment equilibrium GDP supply GDP.
Your preview ends here
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Without Trade
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Re: Discussion Forum Week #1
by James Fraser (James.Fraser@umo.edu)-Thursday, March 7, 2024, 6:37 PM
This is an excellent post, and uses a great example, focusing on the concept of scarcity of a resource. The score on this part is 100. Now for part two. Given that this is a macroecono
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Assume that G=600; M=133,200; nº=0.05; P=120
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You're in the desert on an extremely hot day and become quite thirsty. Luckily you come upon a stand where they're selling bottled
water. You would be willing to pay $10 for the first bottle, $5 for the second bottle, and $1 for the third. Luckily they're charging just a
dollar.
(a) How many bottles do you buy?
Number of bottle(s):
(b) How much is your marginal utility from the third bottle?
Marginal utility: $
(c) How much is the total utility you will get from the three bottles?
Total utility: $
(d) How much is your consumer surplus?
Consumer surplus: $
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- Re: Discussion Forum Week #1 by James Fraser (James.Fraser@umo.edu)-Thursday, March 7, 2024, 6:37 PM This is an excellent post, and uses a great example, focusing on the concept of scarcity of a resource. The score on this part is 100. Now for part two. Given that this is a macroecono course, using your own example of the water scarcity in California, Oregon, and Washington explain who the major users of the resource are and how you believe the available water could/should be rationed by the state governments involved in a way that maximizes the economic benefits to the state population. Due Sunday night. Dr. Fraserarrow_forwardmyUT x ← → C : Shontrell ✓ ◆ My Home O Courses ? Help Conte X b Econic x Using X O micro x G In this x ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=59843379946929954870904&elSBN=9780357133699&snapshotId=3439015&id=1773303992& Catalog and Study Tools Rental Options College Success Tips Career Success Tips Give Feedback Mind X « CENGAGE MINDTAP Homework (Ch 04) Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per kettle) 80 72 64 56 48 40 24 16 8 0 The equilibrium price in this market is $ Supply M Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Kettles) I 31 supp X C Home X ● Econ1 x C Graph Input Tool Market for Kettles per kettle, and the equilibrium quantity is Price (Dollars per kettle) Quantity Demanded (Kettles) M 24 500 Quantity…arrow_forwardriversity - Welcome to My. X Homework (Ch 16). x MindTap - Cengage Leaming à ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5981412232614779684085777463ISBN=9780357133576&id=1456476913&snapshotld=2884466& ristopher Lee v * CENGAGE MINDTAP y Home Homework (Ch 16) C ourses Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss. Catalog and Study Tools (2 Rental Options College Success Tips 500 Career Success Tips 450 OMMENDED FOR You Monopolistically Competitive Outcome 400 350 SQUAT Quadrip Gluteus Maximus Erector Spinae 300 Profit or Loss 250 achine Exercises: Lower 200 ody 150 ATC Machine 100 e Help 50 "MC O Give Feedback MR Demand 100 150 200 250 300 350 400 450 s00 QUANTITY (Bikes) Given the profit-maximizing choice of output and price, the shop is making v…arrow_forward
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- Need and answer thank youarrow_forwardDo not use chatgpt.arrow_forward9 C-5 Performance Task.pdf O File C:/Users/abayari/Downloads/C-5%20Performance%20Task.pdf C-5 Performance Task.pdf 1 /1 - 100% 1. Problem: Leonel inherited one hectare of land which is designated for planting palay. Since he has no knowledge in tilling the land, he decided to hire farmers. Fill in the blanks with the missing information and answer the following questions. Total Marginal Average Labor Product Product Product 8. 20 3 40 4. 13 62 6. 73 7 1. Units of labor at which the marginal product of labor reaches its maximum. 2. Units of labor at which the point of diminishing returns is met. 3. The value of total product at zero marginal product. 4. If Leonel is a rational producer, how many workers does he need to hire? 5. At which worker does stage 1 ends? 6:46 PM 2/6/2021 Toolsarrow_forward
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