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2014 Fall Macro Exam Answer Key

In: Business and Management

Submitted By qyuecherry
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Pages 7
NEW YORK UNIVERSITY
Stern School of Business

Economics of Global Business
ANSWER KEY Version “A”

Fall 2014/Macro Quiz Professor Joe Foudy

Instructions

1. Read each question carefully.

2. Answer all questions. Take an educated guess if you are not sure.

3. Don’t worry and don’t panic. The test is curved and just do the best you can.

4. Please do not unstaple the exam except for scrap paper on last page.

5. Sign the Honor Pledge below or the exam will not be graded.

I pledge my honor that I have not violated the NYU Stern Student Code of Conduct in the completion of this exam.

X______________________________________________ Student ID#

6. Return the exam and any extra paper at the end of the exam. Re-check that your name is on it.

7. Return your calculator as well.

8. Good Luck!

Name_________________________________

Section______2PM____________________

©2014 New York University and Joe Foudy Short Answer Section (3 pts. each)
Answer each question directly and concisely.

1. In a sentence or two, explain what is driving the creation of more markets where superstars win out over everyone else (Hint: from article “Why workers are Losing the War Against Machines”).

Any answer that involved technology was fine for us.

2. In the article, “Productivity and Growth: What was that?”, the Economist Robert Gordon predicts future productivity will be held back by 6 headwinds. Name three of them.

------------------------------------------------- aging, ------------------------------------------------- debt repayment,
-------------------------------------------------
a broken education system,
-------------------------------------------------
global labour arbitrage,
-------------------------------------------------
inequality, and...

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