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Please take a moment of your time to indulge me and listen to my story about my economics exam which I finished less than 30 minutes ago.
So there I was, not knowing the answers to a multiple choice question and major portion of the essay portion. I guessed on the multiple choice one to go along with my rule about "if one of the answers is 'both a and c', pick that one", especially because I thought c was right. However, not knowing what the real formula was for the long answer parts, I went back to the MC question (they were on the same topic) and I realized I had to choose between two opposite formulas, only one of which was correct. So, sez I, even though this was a simple definition question, a little math never hurt anybody (kiddies, pay attention in algebra class, it'll save your life). I figured that one way, your answers will always be one, which couldn't be right. I also plugged them both into the long answer question and determined that answer 'a' was wrong, because in the example it made the Euro overvalued when I could tell from the extra information that the Euro was undervalued relative to the CPI in both the US and Europe. That led me to believe that answer 'b' on the MC part was correct.
So basically, I used the answers from the MC portion as a basis for answering the essay part, and then used what I got from the essay portion to find the right answer to the MC part! Pretty good, considering that if you asked me those questions one at a time I would have gotten them wrong.
So after the exam I looked at my notes, which said I had messed up the whole thing. "F***!!!!!!!!!!!!!!", thought I. Then, when I complained about it to my classmates (who all agreed that test was an ass kicker), they looked in their notes and the textbook, and told me that the prof (who is kind of a scatterbrain) had given us the wrong formula in one place, the right one somewhere else, and that the textbook and their own calculations backed up what I thought, which was that the Euro was undervalued in the example. So, in the end, I still got them right. "Good thing I didn't look at my notes too closely", I thought, "because the notes were wrong. Man, I was smart to forget the notes and just go with math and common sense". Baaa-zing!
:evilgrin:
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