Which of the following does not correctly describe the course policy on the use of AI tools?

        Have a great break!

Time Limit: 2.5 hours to take the exam and 15 minutes to upload = 165 minutes total.  HonorLock will NOT warn you so make sure to submit your exam before time is out!  Be honest with your work and use methods taught in class only.  Otherwise, you will rouse cheating suspicion.  You may not use any other applications or websites on your computer while taking the exam. You are not allowed to use smartphones during the exam except at the end when scanning your work to a single pdf file, which much be done in full view of the external webcam. Show as much work as possible!  Partial credit will be given for correct work.  No credit will be given for just the correct answer with no work. Your webcam video and your screen will be recorded as part of the exam proctoring.  You may only have the Canvas page with the exam open on your computer or you will be flagged for cheating.   Make sure your external webcam shows your entire workspace from the side, including your area where you are writing, your face profile, all paper and materials used, your computer screen, and your calculator. You will receive a zero on the exam if you do not have a properly set up external webcam showing your entire workspace for the entire time you take the exam. You are allowed one 5 minute break during the exam, please do not leave your webcam viewing area more than once or for more than 5 minutes. Directions: You can view the exam below, but you may not download or copy the exam or take pictures or screenshots of it.  You must write all work, graphs, and solutions on your own paper. You do not have to rewrite the questions on your paper unless you want to. Complete the exam and submit it by following the submission guidelines below.   Use an app or a scanner to take pictures of your solutions and then turn it in with the following conditions: One PDF file with all the pages, see Directions to uploading assignments into Canvas as a PDF Problems clearly labelled in sequential order Lines drawn between each problem and all final answers boxed Vertical orientation of the pdf – please check orientation of the scanned pdf before turning in, sometimes the scanning apps inexplicably turn the scans sideways. Points will be deducted from the exam for not following the directions above. It is important that your solutions are clear and easy to see.  I must be able to see your writing to assign a grade.  Try not to have anything else in the image other than the page.   Please leave me space between problems to grade if you’re writing out solutions on binder paper.

According to Keynes, what is the most important determinant of households’ spending on goods and services?

According to the Keynesian aggregate expenditures model equilibrium and full employment:

Exhibit 9-1 GDP and consumption data GDP Consumption Aggregate Expenditures Unplanned inventory $0 $0.5       1   1.0       2   1.5       3   2.0       4   2.5       5   3.0       6   3.5       7   4.0       8   4.5     As shown in Exhibit 9-1, if equilibrium GDP is $5 trillion, then the total of investment, government spending, and net exports is:

The Colony of Virginia was named in honor of this queen’s virtue. She preceded King James, for whom the colony of Jamestown was named.

The name given to the Fifteenth-to-Seventeenth-century Spanish and Portuguese soldiers who conquered much of the world, most famously the Central and South American continents.

If income increases from $110,000 to $120,000 and consumption from $108,000 to $114,000, the marginal propensity to consume is: