Exam questions first prelim ECON 102 - Cornell University

19. The equilibrium equation of an open economy (an economy which trades with the rest of the world) with a government is the following: _____ Answer: S + T + Im = I +G + Exp. 20. The money-multiplier is _____ Answer: the multiple by which deposits can increase for every dollar increase in reserves or . Part 2: Short Answer Questions ................
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