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Past Exam for ECON 3204 - Macroeconomic Theory with Glynn at Virginia Tech (VT)

Exam Information

Material Type:Exam 1
Professor:Glynn
Class:ECON 3204 - Macroeconomic Theory
Subject:Economics
University:Virginia Polytechnic Institute And State University
Term:Fall 2000
Keywords:
  • Increase in Demand
  • Equation of Exchange
  • Decrease Increase
  • Equilibrium Price Level
  • Decrease in Demand
  • Information
  • Increase in Supply
  • None of the Above
  • Excess Supply
  • The Economy
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Sample Document Text

Economics 3204 Fall 2000 Exam 1 [1 ]Of the following which has the least stable cyclical component (has the largest standard deviation)? (I)GDP (2)Total consumption of nondurables and services. (3 )Consumption durables. @Jross private investment. Q5)Government spending on consumption and services. [2]Which ofthe above is least closely related to GDP (has the smallest correlation coefficient with GDP)? (1 )Total consumption. (2)Nondurable consumption. (3)Services (4 )Gross private investment. ~overnment spending on consumption and investment. [3]Which of the following is countercyclical? (1 )Total consumption of nondurables and services. (2)Broad private investment. ~The GDP deflator (the price level). (4)All of the above. (5)None of the above. [4]During 1999 in the country of Freedonia the income velocity of money decreased by 1 %, the money supply increased by 3% and output increased by 1 %. According to the equation of exchange, 1999 inflation in Freedonia w...

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