C: (40 marks) I A) Suppose the reaction times of teenage drivers are normally distributed with a mean of 0.53 seconds and a standard deviation of 0.11 seconds. If a teenage driver chosen at random, what is the probability that he will have a reaction time? a) Less than 0.65 seconds? (6 marks) b) Between 0.4 and 0.6 seconds (6 marks) c) Greater than 0.8 seconds. (6 marks) (Answer all questions) 1. Define Structural unemployment. State two reasons why it is caused. 2. What is Monetary policy? How it helps to control inflation? 3. Fill the blanks: (a) (b) (c) The money received from sales by a company is known as The money earned for daily or weekly manual work is known as Money paid by government to a retired person is known as (d) Money needed to start a business is known as Term end Exam: Macroeconomics-Fall 2020 Page 2 2. What is Monetary policy? How it helps to control inflation? 3. Fill the blanks: (a) The money received from sales by a company is known as (b) The money earned for daily or weekly manual work is known as (c) Money paid by government to a retired person is known as (d) Money needed to start a business is known as rm end Exam: Macroeconomics - Fall 2020 4. Study the diagram given below and answer the questions: ****** Page 2