Section I: Multiple Choice (4 Viewers)

[Rafy]

Post your thoughts and share your M/C answers here.

 

[lolcal]

Multiple choice answers

I'm fairly certain these answers are all right:

1. D
2. B
3. D
4. B
5. A
6. D
7. A
8. C
9. C
10. A
11. A
12. D
13. C
14. A
15. C
16. D
17. A
18. B
19. C
20. B

what did you kids get?

 

[lordesf]

Re: Multiple choice answers

Umm.... how did u even rmeber this? lol
i dont rmeber any of the Q so i dont even no wat the if i got anywhere close to wat u got...

but yeh a few Q i wasnt too sure about like 3?

 

[joel p]

Some pretty dodge multiple choice questions i thought. Most were easy but there were some really weird ones.

question 7 on the impact of an increase in aggregate demand when the economy is at the natural rate - I would say they we're all wrong, when employment is at the natural rate it means cyclical employment is zero and changes in aggregate demand only effect cyclical employment - hence no change in employment.

question 12, again they all had some elements of incorrectness. While i think the answer they wanted was D if you borrow from the private sector it forces domestic firms to borrow from overseas, worsening external stability.

Q 20 also pretty hard.

 

[lolcal]

Re: Multiple choice answers

i wrote them down in my booklet because i had 10 minutes to check everything, how do you think?

3 is deffers d.

 

[poisonives]

Some pretty dodge multiple choice questions i thought. Most were easy but there were some really weird ones.

question 7 on the impact of an increase in aggregate demand when the economy is at the natural rate - I would say they we're all wrong, when employment is at the natural rate it means cyclical employment is zero and changes in aggregate demand only effect cyclical employment - hence no change in employment.

question 12, again they all had some elements of incorrectness. While i think the answer they wanted was D if you borrow from the private sector it forces domestic firms to borrow from overseas, worsening external stability.

Q 20 also pretty hard.

i think D was wrong for question 12... the crowding effect is so obvious but who knows... i hope im right tho

i put down A) for quesiton 7... it was a toss up between a) and c) i have no idea.. honestly, what u said is right, how can UE go down? but then again... a) doesn't really make sense either grrrr

 

[lolcal]

yeah 7 was fucking stupid, 12 was dodgy too. 20 was pretty simple though, externalities mean social costs are higher that private because they are spillovers.

http://community.boredofstudies.org/showthread.php?t=189355

answers there

 

[seano77]

Re: Multiple choice answers

I got all the same except 14 and 15. I thought 14 was A (producers and consumers dont pay the cost of the negative externality.) And I thought 15 was C (its a deterioration of Terms of trade so imports (commodities) rise quicker than exports (manufacturers.)

 

[lordesf]

Re: Multiple choice answers

we didnt get to keep the booklet this time GAY!

 

[lolcal]

Re: Multiple choice answers

shit i think you're right about 14, yeah, d is wrong.

and oops, 15 is c. that was a typo

 

[munch0r]

Re: Multiple choice answers

I got all the same except 14 and 15. I thought 14 was A (producers and consumers dont pay the cost of the negative externality.) And I thought 15 was C (its a deterioration of Terms of trade so imports (commodities) rise quicker than exports (manufacturers.)

Yep 14 was A, 15 was C

 

[Terlob]

Re: Multiple choice answers

1) D
2) B
3) D
4) B
5) A
6) D
7) C
8) C
9) C
10) A
11) A
12) B
13) C
14) A
15) B
16) D
17) A
18) B
19) C
20) B

 

[seano77]

Re: Multiple choice answers

Cool so my answers:
1. D
2. B
3. D
4. B
5.A
6. D
7. A
8. C
9. C
10. A
11. A
12. D
13. C
14. A
15. C
16.D
17. A
18. B
19. C
20. B

 

[johnyd7]

Re: Multiple choice answers

Yeah Q7 Is the worst question... i got C... cauz how can unemployment increase... but then u never know.?..

What about 12.. has to be D.. Selling bonds to investors = Foreign Liabilties.. so yeahh

 

[leoyh]

Re: Multiple choice answers

i got all the same as lolcal

 

[seano77]

Re: Multiple choice answers

With Q7 inflation means its more expensive for employers to hire labour.. as the price of labour increases demand slows. so unemployment increases. A.

 

[Geohood]

Re: Multiple choice answers

12D would crowding out effect though wouldn't it?

This multiple choice test was the most confusing I've ever done.

 

[lolcal]

Re: Multiple choice answers

yeah okay, that's what i was thinking with 7. thank fuck i got it right. answers in the top post are all correct now.

wah, 18/20.

 

[pdoueihi]

i got
1D
2B
3D
4B
5A
6D
7C
8C
9C
10A
11A
12D
13C
14A
15C
16D
17B
18B
19C
20B

 

[christiina.h]

Re: Multiple choice answers

what was the one with the diagram and the increase in the domestic price?? i can't remember what question number that was, my friends said it was the subsidies one because i put the quota one but does a quota have a straight line down instead