ECON 1120 Midterm: PRELIM_1_SPRING_2010_KEY (2)
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Xinli (thursday am-pm: part i: 20 multiple choice questions (0. 5 point each, part ii: 3 short questions (10 points each, part iii: 1 essay question (10 points) Hints: read all questions carefully, write legibly and remember to label all graphs and axes in diagrams. Multiple choice questions (20 questions, each worth 0. 5 point: fred flugelman quit work to go back to school and get a master"s degree in. After graduation he is only able to find part time work at a mcdonalds for the first two years. He then finds a full time job once the economy picks up. E) fred was a discouraged worker: the leader of atlantis hires you as an economic consultant. He is concerned that the output level in atlantis is too low. He feels that it is necessary to increase output by billion. He tells you that the mpc is atlantis is 0. 8. Short answer questions. (30 points total, 10 for points each question).
