MARCO ECON 3150 CLEMSON UNIV. FINAL EXAM QUESTIONS WITH RIGHT ACTUAL ANSWERS .

MARCO ECON 3150 CLEMSON UNIV. FINAL
EXAM QUESTIONS WITH RIGHT ACTUAL
ANSWERS .


labor force - Correct Answer -sum of employed and unemployed


# of unemployed / size of labor force = - Correct Answer -unemployment rate equation


(Pt+1 - Pt) / Pt - Correct Answer -inflation rare equation


nominal GDP - Correct Answer -(Pt, Yt) in quantity theory of money equation ch.8


-the amount of goods and services purchased in an economy , valued at current prices


Pt* = Mt x V / Yt - Correct Answer -Quantity Theory of Price Level


Mt x Vt = Pt x Yt - Correct Answer -Quantity Theory of Money


pie* = Gm - Gv - Correct Answer -Quantity Theory of Money (Inflation)


real interest rate paid in... - Correct Answer -goods


nominal interest rate paid in... - Correct Answer -currency, dollars


R = i - pie - Correct Answer -Fisher Equation


central bank independence - Correct Answer -attempt to prevent fiscal considerations from
leading to excessive inflation




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