Fall 2010 Econ 202 Exam - Part II: Matching - Prof. Lawrence Mack, Exams of Introduction to Macroeconomics

Download Fall 2010 Econ 202 Exam - Part II: Matching - Prof. Lawrence Mack and more Exams Introduction to Macroeconomics in PDF only on Docsity! Econ 202 MUST HAND IN THIS SHEET Fourth Exam - GREEN Fall 2010 Print Name ______________________________ ID Number ______________ PART II - Matching (20 Points) Place the most correct number from the “Answers” shown in the space preceding the listed “Questions.” Use only one number for each question. Answers should be used only once.. POTENTIAL ANSWERS 1. Benefits Received 2. Tim Geithner 3. Expansionary Monetary Policy 4. Prime Rate 5. Excess Reserves 6, Christina Romer 7. Progressive Tax 8. London Interbank Offer Rate 9. Quantitative Easing 10. Ability-to-pay 11. Fiduciary Responsibility 12. Ben Bernanke 13. Tight money policy 14. Federal Funds Rate 15. Reserve Requirement 16. Unemployment Compensation 17. Reserve Currency 18. Discount Rate 19. Regressive Tax 20. Tax Free Reserves ANSWER NO. QUESTIONS 9 (1) Federal Reserve decision to buy $600 billion in Gov’t bonds is called this. 19 (2) Rate decreases as base increases 17 (3) The way Central Banks hold extra (or excess) spending power 18 (4) Interest rate commercial banks pay when they borrow from the Federal Reserve 11 (5) Safe-keeping functions of commercial bank 3 (6) Monetary policy used to cure recession 14 (7) Interest rate banks pay when borrowing from another bank 16 (8) An automatic stabilizer 12 (9) Current chairman of Board of Governors of Federal Reserve 10 (10) Progressive income tax is based on this