ECON 201: Introduction to Macroeconomics Final Exam December 6, 2010 NAME: _________________________________ Circle your TA’s name: Brian Meysam Travis Directions: This test is in two parts, a multiple choice question part and a short-answer part. Use this page to complete the multiple choice section. Calculators are permitted. Books, notes, reference materials, etc. are prohibited. Good luck! Part 1: Referring to the multiple choice questions on the next several
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Inflation and unemployment were not improved by monetary policy Abstract The global financial crisis made a long term negative effect on the economy all over the world as well as New Zealand. GDP and inflation decreased with a high level of unemployment rate. This essay is going to discuss the effect of the actions from reserve bank. According to their response, the IS-LM, AD-AS and Phillips models will be used to analyze the effect of change in OCR on economic activities. Furthermore, some
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According to the latest GDP report release by the United States Census Bureau it indicates that the United States has the highest percentile of total spending on healthcare issues than compared to the rest of the world. As a result for working people struggling just to get by the deeping economic crises means getting push even closer to the financial brake facing growing ascended stress on how they will manage if someone in the family needs to see a doctor and staring to just afford the cost of every
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economic growth real GDP per capita has picked up. However, since agriculture represents about of half of the country’s output, economic performance remains highly vulnerable to shocks. GDP contracted in the drought years of 1993/94 and 1997/98. Nonetheless, a rise in productivity was observed in agriculture through the implementation of Agricultural Development Led Industraization (ADLI) strategy that enhanced the implementation of fertilizer usage and extension
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The GDP is known to have the same value of total expenditures for all final goods and services within the country in a stipulated period of time. Haiti is typically known to be very low due to the poverty level of the country being extremely high, meaning
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Macroeconomy Chapter 6: * Central Park contained one of the “Hoovervilles” that had sprung up all across America as a result of a catastrophic economic slump in 1929. (The Great Depression) * During the time of Great Depression, microeconomics was a well-developed branch of economics, but macroeconomics was not. * In the 1930’s, there were no expanding industries; everything was headed downward. * Microeconomics focuses on how decisions are made by individuals and
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The Federal Reserve Bank As the United States moves towards a globally interdependent marketplace, the global monetary stakes have become much higher. The United States Congress established the Federal Reserve in the early 1900’s. A country’s debt can now become the world’s debt, and the role of the U.S. federal banking system is now considerably more under pressure and scrutiny than ever before. As we have been seeing with the current liquidity crisis in the U.S., and how it has affected
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is constructed considering market capitalization ratio; turn over ratio, value traded to GDP ratio and volatility in market index. The findings of the study suggest that although Bangladesh stock market is growing over time, the growth has not yet assumed any stable and obvious trend. We conclude that Bangladesh stock market is still at an early stage of its growth path with a small market size relative to GDP and is characterized by poor liquidity and high market concentration. Introduction
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Domestic Product (GDP). GDP is the basic measure of an economy economic performance. This is the market value of the total quantity of final goods and services produced over the specified time period. The GDP is actually measured quarterly, but the number is then multiplied by four, so that the amount is in annual terms (Mankiw, 2010). In order for our team to understand this measure, we all agreed that it is necessary to first understand the concept of a final product. The GDP does not measure
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Chapter 3 Pro- poor growth-this is GDP growth that reduces inequality so that more of the benefits accrue to the poor leading to a faster reduction in headcount poverty. GDP growth on average does not affect inequality and so helps reduce poverty. Pro-poor GDP growth increases average GDP per capita, reduces inequality, and leads to the most rapid reductions in poverty. The participation rate will depend on demographic factors (number of school-age children and pensioners, and so forth)
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