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Exercise No. 1 (50 points) Suppose an economy in which the sensitivity of money demand tends to infinity. Draw a graph of the implementation of a contractionary fiscal policy and explain the result obtained in a maximum of 5 rows. Indicators / Levels of achievement Achieved Moderately achieved Not achieved Explanation Explain correctly considering the cause-effect relationship (15 points) Correctly explains that there are 2 errors in the cause-effect relationship. (6 points) Does not explain correctly and does not take into account the cause effect relationship (0 points) Variables Identifies all the variables involved in the process. (10 points) Identify a process variable (5 points) Does not identify all the variables involved in the process (0 points) Chart Make the chart incorporating all the model variables (25 points) Create the graph incorporating only two variables of the model (12 points) Make a graph with the incorrect variables (0 points) Exercise No. 2 (50 points) A) In a maximum of 5 lines, explain in your own words the difference between a nominal and a real appreciation in the exchange rate. B) Does the final result in the Trade Balance differ between a nominal and a real appreciation? Indicators / Levels of achievement Achieved Moderately achieved Not achieved Explanation The differences between both are correctly verified. Appreciations: (25 points) One of the two assessments is correctly verified (12 points) The differences between both are not correctly verified. Appreciations (0 points) Trade balance Identify the result on the Balance commercial with appreciation nominal and real (25 points) Identify the result in the Trade balance with a type of appreciation (12 points) Does not identify the result in the Trade Balance (0 points)

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Answer to a math question Exercise No. 1 (50 points) Suppose an economy in which the sensitivity of money demand tends to infinity. Draw a graph of the implementation of a contractionary fiscal policy and explain the result obtained in a maximum of 5 rows. Indicators / Levels of achievement Achieved Moderately achieved Not achieved Explanation Explain correctly considering the cause-effect relationship (15 points) Correctly explains that there are 2 errors in the cause-effect relationship. (6 points) Does not explain correctly and does not take into account the cause effect relationship (0 points) Variables Identifies all the variables involved in the process. (10 points) Identify a process variable (5 points) Does not identify all the variables involved in the process (0 points) Chart Make the chart incorporating all the model variables (25 points) Create the graph incorporating only two variables of the model (12 points) Make a graph with the incorrect variables (0 points) Exercise No. 2 (50 points) A) In a maximum of 5 lines, explain in your own words the difference between a nominal and a real appreciation in the exchange rate. B) Does the final result in the Trade Balance differ between a nominal and a real appreciation? Indicators / Levels of achievement Achieved Moderately achieved Not achieved Explanation The differences between both are correctly verified. Appreciations: (25 points) One of the two assessments is correctly verified (12 points) The differences between both are not correctly verified. Appreciations (0 points) Trade balance Identify the result on the Balance commercial with appreciation nominal and real (25 points) Identify the result in the Trade balance with a type of appreciation (12 points) Does not identify the result in the Trade Balance (0 points)

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Jett

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A) La apreciación nominal se produce cuando el valor de una moneda aumenta en relación con otra moneda. La apreciación real se produce cuando el poder adquisitivo de una moneda aumenta en relación con los bienes y servicios extranjeros, considerando las tasas de inflación en ambos países. En términos más simples, la apreciación nominal se refiere al tipo de cambio, mientras que la apreciación real se refiere al costo relativo de los bienes. B) Sí, el resultado final de la balanza comercial difiere entre una apreciación nominal y una real. Una apreciación nominal encarece las exportaciones y abarata las importaciones, lo que puede llevar a un déficit comercial. Sin embargo, una apreciación real, impulsada por una inflación interna inferior a la inflación externa, puede hacer que las exportaciones sean más competitivas y las importaciones más caras, lo que puede llevar a un superávit comercial.

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