GRADING CRITERIA
Problem 1. Fiscal Policy. Recessionary Gap. 10 points.
Problem 1. The deduction, if graphs are not used to support the answer or if the graphs are incomplete: 4 points.
Problem 2. Fiscal Policy. Inflationary Gap. 10 points.
Problem 2. The deduction, if graphs are not used to support the answer or if the graphs are incomplete: 4 points.
Problem 3. Monetary Policy. Inflationary Gap. 10 points.
Problem 2. The deduction, if graphs are not used to support the answer or if the graphs are incomplete: 4 points.
Problem 4. Monetary Policy. Recessionary Gap.11 points.
Problem 2. The deduction, if graphs are not used to support the answer or if the graphs are incomplete: 4 points.
Problem 5. Policy Impact. 4 points