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  • Midterm Examinations - November 2020 Microeconomics Instructor: Teodoro I. Borlongan

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    Eduardo Sunga
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    The document provides instructions for a Microeconomics midterm exam to be held in November 2020. It lists 7 questions to be answered about the functions of central banks, monetary policies, types of unemployment and inflation, causes of inflation, and the roles of money. Students are instructed to answer using their own words and not directly copying from lecture notes, as copying will result in no points being awarded.

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    Midterm-Microeconomics

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    The document provides instructions for a Microeconomics midterm exam to be held in November 2020. It lists 7 questions to be answered about the functions of central banks, monetary policies, types of unemployment and inflation, causes of inflation, and the roles of money. Students are instructed to answer using their own words and not directly copying from lecture notes, as copying will result in no points being awarded.

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    © All Rights Reserved
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    7 views1 page

    Midterm Examinations - November 2020 Microeconomics Instructor: Teodoro I. Borlongan

    Uploaded by

    Eduardo Sunga
    The document provides instructions for a Microeconomics midterm exam to be held in November 2020. It lists 7 questions to be answered about the functions of central banks, monetary policies, types of unemployment and inflation, causes of inflation, and the roles of money. Students are instructed to answer using their own words and not directly copying from lecture notes, as copying will result in no points being awarded.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Midterm Examinations – November 2020

    Microeconomics
    Instructor: Teodoro I. Borlongan

    INSTRUCTIONS:
     All answers are in the Lecture Notes
     Do not copy word for word from the Lecture Notes. Use your worn words.
     You copy and you will receive no grade points

    1. Explain the following functions of the Central Bank (20 points)

     Banker to banks
     Lender of last resort
     Controller of credit
     Custodian of foreign reserves

    2. Explain the following monetary policies (10 points)

     Expansionary monetary policy


     Contractionary monetary policy

    3. Discuss the following types of unemployment (20 points)

     Seasonal
     Structural
     Frictional
     Cyclical

    4. Discuss the following two types of inflation (10 points)

     Demand-pull
     Cost-push

    5. Discuss the following causes of inflation (20 points)

     Hoarding
     Trade Union
     Tax reduction
     Increase in public spending

    6. Discuss the following measures to control inflation (10 points)

     Monetary policy
     Fiscal policy

    7. Discuss the four (4) roles of money (10 points)

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