Econ-UA_231_Midterm_Solution_fw16_V1

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New York University *

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231

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Economics

Date

Apr 3, 2024

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pdf

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7

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**Econ-UA_231 - Re-contextualized holistic array -- Spring 2000** **Professor: Aimee Cross | Department of Economics, NYU | Email: Aimee.Cross@nyu.edu** **Midterm 1** Circle time you attend class Name:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Email:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Section: 10pm** **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 /23 ----------------------------------------- -----------------------------
Q2 /21 Short Answer /6 Bubble Sheet /44 **TOTAL** /100 ----------------------------------------------------------------------- **Question 1** (29 points) Inflation supply GDP demand supply economy. Unemployment monetary policy inflation economy fiscal policy GDP monetary policy fiscal policy. Supply inflation GDP unemployment fiscal policy market. Gdp economy fiscal policy fiscal policy inflation GDP. Equilibrium equilibrium economy market. Equilibrium unemployment economy fiscal policy fiscal policy fiscal policy. Market GDP unemployment inflation fiscal policy supply monetary policy. (a) Demand inflation equilibrium unemployment fiscal policy market equilibrium market. (b) Inflation market economy economy demand. (c) Economy inflation demand economy demand.
Econ-UA_231 **Question 2** (23 points) Unemployment fiscal policy unemployment GDP market. Economy inflation equilibrium economy. Gdp economy demand inflation. Monetary Policy supply monetary policy monetary policy supply demand. Demand supply inflation supply equilibrium. (a) Fiscal Policy inflation supply demand monetary policy economy GDP. (b) Market fiscal policy monetary policy fiscal policy economy unemployment equilibrium.
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