M.I.T. General Examination in Economic Theory. May, 1956

[M.I.T.] GENERAL EXAMINATION IN ECONOMIC THEORY May 14, 1956 Answer FIVE questions in all. If you have studied mathematical economics you are urged to take at least one, but not more than two questions from Part II. PART I Within the restrictions of static-equilibrium analysis, an increase of demand will normally increase price, whether the [ ] The post M.I.T. General Examination in Economic…