100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Exam questions 2021 CA$10.78   Add to cart

Exam (elaborations)

Exam questions 2021

 11 views  0 purchase

Questions to assist with final exam

Preview 4 out of 74  pages

  • June 16, 2021
  • 74
  • 2020/2021
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (2)
avatar-seller
darrenibrahim
4/21/2021 Quizzes - EC-140-A-B-C - Intro To Macroeconomics - Wilfrid Laurier University




Quiz Submissions - Copy of Test 1
Darren Ibrahim (username: dibrahim3)

Attempt 1

Written: Apr 20, 2021 11:20 PM - Apr 21, 2021 12:33 AM
Submission View


Your quiz has been submitted successfully.


Question 1 point




https://mylearningspace.wlu.ca/d2l/lms/quizzing/user/attempt/quiz_start_frame_auto.d2l?ou=373973&isprv=&drc=0&qi=116334&cfql=0&dnb=0&fromQB=0

,4/21/2021 Quizzes - EC-140-A-B-C - Intro To Macroeconomics - Wilfrid Laurier University

This slide is from the lectures. The LC notation is irrelevant. This is quarterly data on nominal and
real interest rates. Identify the correct statement


a) In 2020, real interest rates fell to their lowest level since 2017


b) Inflation or expected inflation was negative at some point in 2020


c) Real interest rates cannot be negative


d) Although Canada always has positive nominal interest rates, there are no countries in the world with
negative nominal interest rates


e) In 2020, the nominal rate of interest fell and inflation or expected inflation increased compared to 2019



Question 2 point

Consider the general form of the consumption function in a simple macro model. Once
government and taxes are included in the model with a taxes net of transfers function equal to

T = T0 + t Y and a consumption function equal to C = a + b Y D

Then one of the expressions below correctly expresses consumption as a function of output (also
called income)


a) C = a + (1 - t)YD




https://mylearningspace.wlu.ca/d2l/lms/quizzing/user/attempt/quiz_start_frame_auto.d2l?ou=373973&isprv=&drc=0&qi=116334&cfql=0&dnb=0&fromQB=0

,4/21/2021 Quizzes - EC-140-A-B-C - Intro To Macroeconomics - Wilfrid Laurier University

b) C = a – b T0 + b (1-t) Y


c) C = a + - b T0 + b ∙ t ∙YD


d) C = a + b(1 - t)YD


e) C = a + b Y



Question 3 point

Suppose aggregate output is demand determined. If the marginal propensity to spend is 0.71, and
the marginal propensity to consume is 0.20, and there is a recessionary gap of $40 billion dollars,
calculate the increase in real government spending on goods and service required to close the
recessionary gap expressed in billions of dollars rounded to the nearest decimal point

Answer:

32 (11.6)

Question 4 point

Consider the following model with government and foreign trade. The notation is standard.

All numbers are expressed in billions of dollars

C = 40 + 0.78 YD T = 15 + 0.37 Y G = 30 I = 50 X = 60 IM = 0.28 Y

The slope of the aggregate expenditure line is, expressed to the nearest two decimal places is

https://mylearningspace.wlu.ca/d2l/lms/quizzing/user/attempt/quiz_start_frame_auto.d2l?ou=373973&isprv=&drc=0&qi=116334&cfql=0&dnb=0&fromQB=0

, 4/21/2021 Quizzes - EC-140-A-B-C - Intro To Macroeconomics - Wilfrid Laurier University

Answer:

0.78 (0.21)

Question 5 point

The Labour Force Survey, describing Canadian labour markets in December 2020, was released on
January 8, 2021.

It reported the following data measured in thousands of persons:

Population over 31,297.7
Full-time employment 15,188.3
Part-time employment 3,364.7
Unemployment 1,755.8

The unemployment rate in December 2020 was


a) 5.6 percent


b) 8.6 percent


c) 10.3 percent


d) 0.06


e) .086 percent




https://mylearningspace.wlu.ca/d2l/lms/quizzing/user/attempt/quiz_start_frame_auto.d2l?ou=373973&isprv=&drc=0&qi=116334&cfql=0&dnb=0&fromQB=0

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller darrenibrahim. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$10.78. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$10.78
  • (0)
  Add to cart