MARCO ECON 3150 CLEMSON UNIV. FINAL
EXAM QUESTIONS WITH RIGHT ACTUAL
ANSWERS .
labor force - Correct Answer -sum of employed and unemployed
# of unemployed / size of labor force = - Correct Answer -unemployment rate equation
(Pt+1 - Pt) / Pt - Correct Answer -inflation rare equation
nominal GDP - Correct Answer -(Pt, Yt) in quantity theory of money equation ch.8
-the amount of goods and services purchased in an economy , valued at current prices
Pt* = Mt x V / Yt - Correct Answer -Quantity Theory of Price Level
Mt x Vt = Pt x Yt - Correct Answer -Quantity Theory of Money
pie* = Gm - Gv - Correct Answer -Quantity Theory of Money (Inflation)
real interest rate paid in... - Correct Answer -goods
nominal interest rate paid in... - Correct Answer -currency, dollars
R = i - pie - Correct Answer -Fisher Equation
central bank independence - Correct Answer -attempt to prevent fiscal considerations from
leading to excessive inflation
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EXAM QUESTIONS WITH RIGHT ACTUAL
ANSWERS .
labor force - Correct Answer -sum of employed and unemployed
# of unemployed / size of labor force = - Correct Answer -unemployment rate equation
(Pt+1 - Pt) / Pt - Correct Answer -inflation rare equation
nominal GDP - Correct Answer -(Pt, Yt) in quantity theory of money equation ch.8
-the amount of goods and services purchased in an economy , valued at current prices
Pt* = Mt x V / Yt - Correct Answer -Quantity Theory of Price Level
Mt x Vt = Pt x Yt - Correct Answer -Quantity Theory of Money
pie* = Gm - Gv - Correct Answer -Quantity Theory of Money (Inflation)
real interest rate paid in... - Correct Answer -goods
nominal interest rate paid in... - Correct Answer -currency, dollars
R = i - pie - Correct Answer -Fisher Equation
central bank independence - Correct Answer -attempt to prevent fiscal considerations from
leading to excessive inflation
1
