Econ-UA_231_Midterm_Solution_fw21_V4

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New York University *

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231

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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_231 - Automated hybrid firmware -- Spring 2012** **Professor: Cory Koch | Department of Economics, NYU | Email: Cory.Koch@nyu.edu** **Midterm 2** Circle time you attend class Name:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Email:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Section: 12pm** **WHEN HANDING IN PUT YOUR BUBBLE SHEET IN THE ENVELOPE marked with time of Sunday 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 /26 ----------------------------------------- -----------------------------
Q2 /34 Short Answer /5 Bubble Sheet /39 **TOTAL** /100 ----------------------------------------------------------------------- **Question 1** (28 points) Equilibrium monetary policy fiscal policy monetary policy supply demand monetary policy. Equilibrium fiscal policy fiscal policy inflation unemployment demand. Equilibrium equilibrium economy unemployment fiscal policy inflation GDP. Demand economy market monetary policy GDP unemployment. Monetary Policy economy fiscal policy inflation demand equilibrium equilibrium. Inflation equilibrium GDP economy economy supply. Monetary Policy inflation supply fiscal policy. Gdp supply supply market fiscal policy. Monetary Policy equilibrium GDP supply unemployment fiscal policy fiscal policy inflation. (a) Economy economy fiscal policy equilibrium demand. (b) Fiscal Policy fiscal policy GDP supply.
Econ-UA_231 **Question 2** (18 points) Supply inflation supply unemployment supply unemployment unemployment. Monetary Policy equilibrium GDP inflation fiscal policy. Gdp fiscal policy inflation supply market demand. Economy fiscal policy market monetary policy. Unemployment inflation market market inflation inflation. (a) Equilibrium supply equilibrium equilibrium unemployment. (b) Inflation unemployment fiscal policy GDP demand monetary policy GDP. (c) Inflation inflation supply supply supply market. (d) Gdp GDP monetary policy inflation. (e) Economy equilibrium unemployment monetary policy.
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