DSE 2009 Answer Key Prepared by: EduSure School 1.(c) 32 2.(b) ii is true 3.(d) 4.(a) no solution 5.(c) P(x) and Q(x) are identical 6.(d) 7.(b) 5/6, 5/4, 5/9 8.(a) Rs. 8 9.(d) R squared for the regression 10.(a) Pr(X > Y ) = 1 11.(b) 16 12.(b) 15 13.(a) x = 3p=4 14.(d) Both 3=2 and 5=2 15.(b) 12 Rupees 16.(b) the nominal interest rate 17.(c) an increase in the equilibrium value of income and a decrease in the equilibrium value of real interest rate 18.(d) upward sloping 19.(c) would result in a decrease in the equilibrium value of income only if the Marshall-Lerner con- dition is satis_ed 20.(a) Five percent 21.(d) (i) is false, (ii) is true 22.(a) 23.(c) 24.(b) 25.(c) 26.(b) 27.(d) (4; 2) 28.(a) 29.(c) 2 30.(d) A is a Liar, B is a Normal person, C is a Truth- teller 31.(b) 32.(c) The assertion is not rejected at the 10% level 33.(c) 34.(d) 7.5 35.(a) 9 36.(a) (0.4; 0.1) 37.(b) 0:6 38.(b) 39.(a) Only if our data satisfy assumptions (1) and (2) 40.(b) Only if our data satisfy assumptions (1), (2), (3), and (4) 41.(a) 0 42.(d) Juliet would want to give Romeo some chocolates if she had more than 64 chocolates. 43.(d) I, II and III 44.(b) 10 45.(b) 10 46.(b) (5 books, 75 movies) 47.(d) (5 books, 80 movies) 48.(c) xPy & yIz & zIx 49.(b) 50.(e) None of the four options is correct 51.(b) the IS curve is downward sloping and the LM curve is vertical 52.(a) the IS curve to the left and the LM curve to the right 53.(b) a decrease in the equilibrium value of Y and an increase in the equilibrium value of e 54.(d) all of the above 55.(c) will reduce savings unambiguously only for a bor- rower 56.(a) lower investment by raising the user cost of cap- ital 57.(b) increases the growth rate of the economy in the transition to the steady state but not in the steady state 58.(d) the savings ratio where consumption (per capita) is maximized in the steady state 59.(c) all wages consumed, all pro_ts invested 60.(c) (i) and (iii)
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