MATH 246 Final: Final No Solutions Spring 1998
Document Summary
Instructions: there are two parts to this exam. The (cid:133)rst part consists of 7 short-answer questions, worth 5 points each. The second part consist of 3 analytical questions, worth 25, There are a total of 10 questions and 100 points on the exam. Write answers to part i in one exam booklet and answers to part ii in a separate booklet. You are not allowed to use calculators, books or notes. You must show your work to receive credit. Also, please remember to turn the page over-the exam continues on the other side. Part i: short answer questions (5 points each) answer each question as true, false or uncertain and explain why. In each case, a few well-chosen sentences or graphs will su ce. Your grade is almost solely based on your explanation: in the fisher two-period model of consumption, an increase in the real interest rate raises (cid:133)rst-period consumption.