|Economics 201 |NAME ______________________ |Prof. Robert J. Gordon |
| | | |
|Final Exam | |Fall 2009 |

Put your name on the answer sheet and circle your T.A. Section!

Answer the multiple choice questions in the space provided below.

Each multiple choice question is worth 1 point and has a single best answer. There is no guessing penalty so answer all the questions.

TA: Heffner Kent O'Quinn Roy

Time: 9am 3pm

WRITE YOUR MULTIPLE CHOICE ANSWERS IN CAPITAL LETTERS!
If we can't read it, it's wrong.
|1 |11 |21 |31 |41 |51 |
|2 |12 |22 |32 |42 |52 |
|3 |13 |23 |33 |43 |53 |
|4 |14 |24 |34 |44 |54 |
|5 |15 |25 |35 |45 |55 |
|6 |16 |26 |36 |46 |56 |
|7 |17 |27 |37 |47 |57 |
|8 |18 |28 |38 |48 |58 |
|9 |19 |29 |39 |49 |59 |
|10 |20 |30 |40 |50 |60 |

MC Total: ______
Section 1: Multiple Choice (60 points)
(In this section each question is worth 1 point)

|1. |In 2008, consumption spending is $7,000, government purchases are $2,000 and investment spending is $1,500. If GDP for 2008 is |
| |$10,300, then: |
| |A) |exports are $400 and imports are $200. |
| |B) |exports are $100 and imports are $200. |
| |C) |exports are $600 and imports are $800. |
| |D) |exports are $500 and imports are $300. |

|2 |In general, a change in the price level, all other things unchanged, causes: |
| |A) |a movement along the aggregate demand curve. |
| |B) |a shift of the aggregate demand curve. |
| |C) |both a movement along the aggregate demand curve and a shift in the curve. |
| |D) |no change