Eco 320 Final Exam Solutions

ECO 320 Final Exam Solutions

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ECO 320 Final Exam Solutions

Question 1

The FDIC is the main supervisor for

Question 2

A commercial bank that gets a charter from the federal government is called a ________ bank.

Question 3

The OCC is the main supervisor for

Question 4

In regards to the Glass-Steagall Act, banks argued that they

Question 5

A period when an expansion ends and a recession begins is

Question 6

A particularly bad recession (in which output declines much more than usual for a recession) is called

Question 7

The labor-force participation rate equals

Question 8

According to real business cycle (RBC) theory, the main source of the business cycle is

Question 9

The liquidity effect is the

Question 10

A partial-equilibrium model is a model in which

Question 11

A variable that is determined within a model is called

Question 12

The price-level effect is the situation when a higher nominal interest rate results from a(n)

Question 13

A rise in foreign incomes causes net exports to

Question 14

Full-employment output is the amount of output produced when the economy is

Question 15

Consumption spending is about ____ of aggregate demand.

Question 16

The natural rate of unemployment reflects ________ normal job turnover.

Question 17

General equilibrium is a situation in which all markets are in ________ and all economic agents have made decisions

Question 18

Precautionary savings is

Question 19

Because RBC models are complicated, researchers generally

Question 20

DSGE models that contain many different types of households and firms are known as

Final Exam 2

Question 1

A shock is

Question 2

In broad nominal terms, the dollar ____ against other currencies from 1988 to 2001 and ____ from 2001 to 2008.

Question 3

Under absolute purchasing-power parity,

Question 4

The sum of net exports of goods and services plus net income from abroad plus net...