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GENERAL: This exam will cover the material from throughout the economics. That is, anything is fair game but the questions will be overweighted toward the material not addressed in the earlier quizzes.
Exchange and markets
Demand supply and market equilibrium
Measuring a nations production income
Unemployment and inflation
Aggregate demand and aggregate supply
Fiscal policy
The income expenditure model
Investment and financial markets
Dynamics of inflation and unemployment
Elasticity
Monopoly and price discrimination
Public goods and public choices
Labor market income and poverty
Monophony
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer.
Find the Present Value of each of the two following sets of cash flow events and what is the total interest chargeable in each mortgage?
Target costing is just new fashionable term for something which we have done all along.
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Estimate the relationship among inflation and unemployment.
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Finding ways to improve humanity's living standards is the point of economics. Having a good measure of living standards, you may think, is therefore pretty fundamental to the discipline. For decades economists have turned to gross domestic produc..
Draw the short-run tradeoff between inflation and unemployment. How might the Fed move the economy from one point on this curve to another?
A change in the real money supply can result from a change in nominal money supply through Federal Reserve policy.
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