Eco 320 Final Exam Answers

ECO 320 Final Exam Answers

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ECO 320 Final Exam Answers

Final Exam Part #1

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 Part #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...