ECON 1100 Study Guide - Midterm Guide: Telephone Banking, Output Gap, Bank Reserves

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The purpose of this mock-midterm is to give you practice answering questions and to help you to gauge which aspects of the course content you know well and which are in need of further development and review. Use this mock-midterm as a learning tool in preparing for the actual midterm. This mock-exam will be reviewed and discussed during the slg sessions listed below. Please attempt this mock midterm prior to attending a review session. You are welcome to attend any of the session times listed on the attached supported learning groups schedule. Use the following table to answer question 3: 50: the table above shows the prices and quantities purchased of four different goods by the typical household in 1977 and 1997. Using 1977 as the base year, the value of the consumer price index in 1977 was: 200, 175, 100, between 150 and 200, suppose the price of canadian oil went down, what would happen to the market of.