Section I - Multiple Choice (3 Viewers)

[stevey6404]

13 is C cause resulting change is 100 (1/1-MPC) where MPC is 0.6. So 100 times 300 = 400 = C

 

[Morgan1234pooki]

i had no clue about that one

 

[abc123yoyo]

13 is C cause resulting change is 100 (1/1-MPC) where MPC is 0.6. So 100 times 300 = 400 = C

How did you get the multiplier as 0.6? OOOOOH dammit i forgot u had to minus the 2nd consumption - the 1st 1 delta C haha nvm

But anyway i got multiple choice answers of
14.b
15.b
16.b
17.a (not sure about this 1)
18.b
19.b
I am pretty sure about everything but 17 what did u guys get?

 

[willstylz]

mc always stuffs me up, and this one was the same lol..

 

[Galladrim]

That was a hard multiple choice, like last years. I see a trend emerging for the next few years.

I really had to rack my brains on some of these.

 

[Freddici]

1 and 3 were definitely c

 

[mitchh81]

How did you get the multiplier as 0.6? OOOOOH dammit i forgot u had to minus the 2nd consumption - the 1st 1 delta C haha nvm

But anyway i got multiple choice answers of
14.b
15.b
16.b
17.a (not sure about this 1)
18.b
19.b
I am pretty sure about everything but 17 what did u guys get?

18 is D

 

[leb2_die4]

i am glad someone else thinks this

edit: well looking at the thread, a lot of people thought this. haha. that makes me feel a bit better.

i have the paper with me but i dont really remember my answers and im in no mood to do it again, lol. might post some answers up later.

. I think 3 . Was (A) as they want to reduce cyclical unemployment as done in the recent GFC the use of expansionary fiscal policy lowered cyclical unemployment

 

[kev-is-red]

Who wants the answers?

 

[silence--]

this is how you do 17
at price $10 -> domestic demand is 400, supply is 100, so foreigners make revenue of (400-100)*10 = $3000
at price $15 --> domestic demand is 300, supply is 200, so foreigners make revenue of (300-200)*15 = $1500

therefore revenue decreases by $1500, C.

y/n?

edit:

. I think 3 . Was (A) as they want to reduce cyclical unemployment as done in the recent GFC the use of expansionary fiscal policy lowered cyclical unemployment

NAIRU doesn't involve cyclical unemployment though (frictional and structural only).

 

[Clank_]

This raped me. Wouldn't be surprised if I got 10/20.

 

[oscarmanutdfan]

Jesus put up the answers!

 

[Freddici]

. I think 3 . Was (A) as they want to reduce cyclical unemployment as done in the recent GFC the use of expansionary fiscal policy lowered cyclical unemployment

But if more competition in the factor market means more labout doesn't it?

 

[Morgan1234pooki]

i said a for 3 as well my teacher said a was right though :/

 

[friend177]

sir, i hope 17 was C because i was stuck between 500 and 1500 and went with 1500.

 

[kev-is-red]

jesus put up the answers!

1) c
2) a,
3) c
4) d
5) a
6) b
7) c
8) a
9) d
10) c
11) b,
12) d
13) c,
14) b,
15) b
16) b
17) c,
18) d
19) b
20) c

Those are the answers.

 

[kev-is-red]

. I think 3 . Was (A) as they want to reduce cyclical unemployment as done in the recent GFC the use of expansionary fiscal policy lowered cyclical unemployment

The NAIRU is the level of unemployment where there is no cyclical unemployment. Therefore it isn't A, because expansionary fiscal policy does not in any way, shape or form, reduce the NAIRU.

 

[friend177]

1) c
2) a,
3) c
4) d
5) a
6) b
7) c
8) a
9) d
10) c
11) b,
12) d
13) c,
14) b,
15) b
16) b
17) c,
18) d
19) b
20) c

Those are the answers.

are you 100% sure?

 

[abc123yoyo]

1) c
2) a,
3) c
4) d
5) a
6) b
7) c
8) a
9) d
10) c
11) b,
12) d
13) c,
14) b,
15) b
16) b
17) c,
18) d
19) b
20) c

Those are the answers.

Are those 100% right? dammit i got 3 wrong so far i think probably 5 wrong :3 all up

 

[kev-is-red]

are you 100% sure?

My teacher gave us those answers. I'm 99.9% sure she isn't wrong.