Notre Dame University
Principles of Macroeconomics
ECN212
Required Homework Assignment 5
Prepare problems 3, 5 and 7 on pp.521 and the additional problem, Principles of Economics,
Case, Fair and Oster.
Problem 3 p.521
For each of the following statements, decide wether you agree or disagree and explain your answer :
1. During period of budget surplus (when