What This Document Is
This document contains a set of completed answers for an exam in an upper-level macroeconomic analysis course (Economic 100B) at the University of California, Berkeley. It represents a comprehensive assessment of student understanding of key economic principles covered during the Fall 2008 semester. The document includes a signed oath regarding academic integrity and detailed instructions for diagram construction used throughout the exam.
Why This Document Matters
This resource is invaluable for students currently enrolled in or preparing for similar advanced economics courses. It’s particularly helpful for those seeking to solidify their grasp of macroeconomic concepts and understand the expected level of rigor in university-level economics assessments. Reviewing completed exam answers can provide insights into effective problem-solving strategies and the application of theoretical knowledge. It’s best utilized *after* attempting the original exam or practice questions to identify areas for improvement and deepen comprehension.
Topics Covered
* Phillips Curve and Inflation-Unemployment Tradeoffs
* Monetary Policy and Inflation
* Fiscal Policy and its Economic Effects
* Real Business Cycle Theory
* Exchange Rate Dynamics
* Impact of Productivity Shocks
* Macroeconomic Equilibrium and Adjustments
* Nominal vs. Real Interest Rates
What This Document Provides
* Completed responses to multiple-choice questions covering a range of macroeconomic topics.
* Specific guidelines for constructing and labeling economic diagrams, including color-coding conventions for illustrating shifts and changes.
* A clear indication of the academic expectations and standards for exam performance in a rigorous economics program.
* A signed statement affirming academic honesty.
* Page numbering for easy navigation within the exam.
