economic EXAM

EC171Exam5Spring2019.docx

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EC171 Exam 5 Spring 2019

Instructions

· Due May 7, 2019 before noon. Ideally, hand in your exams between 9:00AM and noon on May 7 at my office (Old Mill 229). Alternately, slide your papers under my office door before 9:00AM, May 7. Papers turned in late will be assigned a score of zero. Physical copies must be handed in – no digital copies of any kind are acceptable.

· This is an examination. Do your own work. You may not work with any other human nor may you plagiarize published sources. Always cite the source of any information you do use. Any evidence that these requirements have been violated will result in a score of zero for Exam 5.

· Maximum length is six pages (six sheets of paper). Narratives must be typed. Graphs can be drawn by hand. Staple your pages together.

· I will not answer any questions related to this examination and in fact I will not be available to respond to queries after 2:00PM, May 1.

Questions

1. Evaluate current economic policy (trade, fiscal, monetary) in the US. State what the current condition of the economy is (last 2 years), state the policies during this time of the federal government, and draw necessary graphs to demonstrate these conditions. If the policies seem inappropriate with regard to theory, suggest alternate policy consistent with theory.

2. Repeat the analysis you did in Question 1 for the country you have been assigned. Cite actual data to support your answers, and discuss the trade relationship between your assigned country and the US.