Clemson ECON 3150 Final Examination – Intermediate Macroeconomics – Clemson University – 2026/2027 Academic Year – 100

The Clemson ECON 3150 Final Examination for Intermediate Macroeconomics at Clemson University covers 100 questions and answers across four core domains. The exam addresses key macroeconomic issues such as inflation, unemployment, short-run fluctuations, and long-run growth.

Domain 1 focuses on Foundations and National Income Accounting. It includes questions about the national income identity, which is represented by the equation Yt = Ct + It + Gt + EXt - IMt, forming the foundation of the IS curve in the IS-MP-AD-PC framework. Other questions explore the relationship between actual output, long-run trends, and short-run components, emphasizing the decomposition of business cycle fluctuations.

The exam also covers the Phillips curve, illustrating the negative relationship between output fluctuations and changes in inflation. It addresses concepts like "sticky inflation," where inflation does not react directly to monetary policy, and central bank independence, which aims to prevent fiscal considerations from causing excessive inflation.

Additionally, the exam includes questions on fiscal policy, defined as changes in government spending and taxation, and explores the primary goals of Federal Reserve policy.