宏觀經(jīng)濟(jì)學(xué)期末考試試卷1附答案-12頁(yè)精選文檔

1、a. by 6.4 percent for the year.b. at an annual rate of 6.4 percent during the last quarter.c. at an annual rate of 1.6 percent during the last quarter.d. at an annual rate of .4 percent during the last quarter.2. A Brazilian company produces soccer balls in the United States and exportsall of them.

2、If the price of the soccer balls increases, the GDP deflatora. and the CPI both increase.b. is unchanged and the CPI increases.c. increases and the CPI is unchanged.d. and the CPI are unchanged.3. The price of CD players increases dramatically, causing a 1 percent increase in the CPI. The price incr

3、ease1. T hegove rnment reports that ”GDP incr ease d by1.6 perc entin the last quar ter."This stat emen tmean swill most likely cause the GDP deflator to increase bya. more than 1 percent.b. less than 1 percent.c. 1 percent.d. It is impossible to makean informed guess without more information.4

4、. A nation's standard of living is measured by itsa. real GDP.b. real GDP per person.c. nominal GDP.d. nominal GDP per person.5. In 2002 President Bush imposed restrictions on imports of steel toprotect the U.S. steel industry.a. This is an inward-orientedpolicy which most economists believe hav

5、eadverse effects on growth.b. This is an inward-orientedpolicy which most economists believe havebeneficial effects on growth.c. This is an outward-oriented policy which most economists believehave adverse effects on growth.d. This is an outward-oriented policy which most economists believehave bene

6、ficial effects on growth.第1頁(yè)6. Generally when economists and the text talk of the"interest rate," they are talking about thea. real interest rate.b. current nominal interest rate.c. real interest rate minus the inflation rate.d. equilibrium nominal interest rate.7. An increase in the budge

7、t deficita. makes investment spending fall.b. makes investment spending rise.c. does not affect investment spending.d. may increase, decrease, or not affect investment spending.8. Nome Corporation is considering building a new plant. It will cost them $1 million today to build it and it will generat

8、e revenues of $1,121 million three years from today.Of the interest rates below, which is the highest interestrate at which Nome would still be willing to build the plant?a. 3 percentb. 3.5 percentc. 4 percentd. 4.5 percent9. Recent entrants into the labor force account for abouta. 1/2 of those who

9、are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force.b. 1/3 of those who are unemployed. Spells of unemployment end about 1/2 of the time with people leaving the labor force.c. 1/4 of those who are unemployed. Spells of unemployment end about 1/2 of th

10、e time with people leaving the labor force.d. 1/4 of those who are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force10. Which of the following best illustrates the unit of account functionof money?a. You list prices for candy sold on your Web site, swee

11、ttooth, in dollars.b. You pay for your WNBA tickets with dollars.c. You keep $10 in your backpack for emergencies.d. None of the above is correct.11. Current U.S. currency isa. fiat money with intrinsic value.b. fiat money with no intrinsic value.第2頁(yè)c. commodity money with intrinsic value.d. commodi

12、ty money with no intrinsic value.12. Velocity in the country of Shemis always stable. In 2002, the money supply was $200 billion and the GD印rice deflator was four times as high as it was in the base year. In 2003,the money supply increased to $240 billion, the price levelincreased by 15 percent, and

13、 nominal GDP equaled $1,200billion. By how much did real GDP increase between 2002 and 2003?a. 20 percentb. 4.35 percentc. 2.17 percentd. There is not enough information to answer the question.13. Shoeleather costs refer toa. the cost of more frequent price changes induced by higher inflation.b. the

14、 distortion in resource allocation created bydistortions in relative prices due to inflation.c. resources used to maintain lower money holdings when inflation is high.d. the distortion in incentives created by inflation by taxes that donot adjust for inflation.14. International tradea. raises the st

15、andard of living in all trading countries.b. lowers the standard of living in all trading countries.c. leaves the standard of living unchanged.d. raises the standard of living for importing countries and lowersit for exporting countries.15. Which of the following would be U.S. foreign portfolio inve

16、stment?a. Disney builds a new amusement park near Rome, Italy.b. Your economics professor buys stock in companies located in Eastern European countries.c. A Dutch hotel chain opens a new hotel in the United States.d. A citizen of Singapore buys a bond issued by a U.S. corporation.16. A Venezuelan fi

17、rm purchases earth-moving equipment from a U.S. company and pays for it with domestic currency. This transactiona. increases U.S. net exports, and increases Venezuelan net capital outflow.b. increases U.S. net exports, and decreases Venezuelan net capital outflow.第3頁(yè)c. decreases U.S. net exports, an

18、d increases Venezuelan net capital outflow.d. decreases U.S. net exports, and decreases Venezuelan net capital outflow.17. At the equilibrium interest rate in the open economy macroeconomic model, the amount that people want to save equals the desired quantity ofa. net capital outflow.b. domestic in

19、vestment.c. net capital outflow plus domestic investment.d. foreign currency supplied.18. In an open economy,a. net capital outflow = imports.b. net capital outflow = net exports.c. net capital outflow = exports.d. None of the above is correct.19. In the open-economy macroeconomic model, the real ex

20、change rate is determined in the market where dollars are exchanged for foreign currency by the equality of the supply of dollars, which comes froma. U.S. national saving and the demandfor dollars for U.S. net exports.b. U.S. net capital outflow and the demand for dollars for U.S. net exports.c. dom

21、estic investment and the demand for U.S. net exports.d. foreign demand for U.S. goods and U.S. demand for foreign goods.20. If a government increases its budget deficit, then interest ratesa. rise and the trade balance moves toward surplus.b. rise and the trade balance moves toward deficit.c. fall a

22、nd the trade balance moves toward surplus.d. fall and the trade balance moves toward deficit.21. Investment spending decreases when the price levela. rises causing interest rates to rise.b. rises causing interest rates to fall.c. falls causing interest rates to rise.d. falls causing interest rates t

23、o fall.22. An increase in the price level and a decrease in real GDRn the short run could be created bya. an increase in the money supply.b. an increase in government expenditures.c. a fall in stock prices.第4頁(yè)d. bad weather in farm states.23. Which part of real GDP fluctuates most over the courseof

24、the business cycle?a. consumptionb. government expendituresc. investmentd. net exports24. According to liquidity preference theory, the price level and interest rate area. positively related as are the interest rate and aggregate demand.b. inversely related as are the interest rate and aggregate dem

25、and.c. positively related while the interest rate andaggregate demand are inversely related.d. inversely related while the interest rate and aggregate demand are positively related.25. Which of the following shifts aggregate demand to the right?a. an increase in the price levelb. an increase in the

26、money supplyc. a decrease in the price leveld. a decrease in the money supply26. If the Fed conducts open-market sales, the money supplya. increases and aggregate demand shifts right.b. increases and aggregate demand shifts left.c. decreases and aggregate demand shifts right.d. decreases and aggrega

27、te demand shifts left.27. Some economists argue thata. monetary policy should actively be used to stabilize the economy.b. fiscal policy should actively be used to stabilize the economy.c. fiscal policy can be used to shift theADcurve.d. All of the above are correct.28. The lag problem associated wi

28、th monetary policy is due mostly toa. the fact that business firms make investment plans far in advance.b. the political system of checks and balances that slows down the process of determining monetary policy.c. the time it takes for changes in government spending to affect the interest rate.d. All

29、 of the above are correct.第5頁(yè)32. An increase in the saving rate does not permanently increases the growth rate of real GDP per person.33. In ten years when you are the owner of a major U.S. corporation, if your corporation opens and operates a branch in a foreign country you will be engaging in fore

30、ign direct investment.34. Corporations receive no proceeds from the resale of their stock.35. According to the rule of 70, if you earn an interest rate of 3.5 percent, your savings will double about every 20 years.36. The value of a stock depends on the ability of the company to generate dividends a

31、nd the expected price of the stock when the stockholder sells her shares.37. A minimum wage above equilibrium creates a labor surplus.38. According to the theory of efficiency wages, firms operate more efficiently if they can pay wages that are below the equilibrium level.39. The use of money allows

32、 trade to be roundabout.40. The quantity theory of money can explain hyperinflations but not moderate inflation.41. In every economy, national saving equals domestic investment plus net得 分評(píng)卷 人29. A. W. Phillips' findings were based on dataa. from 1861-1957 for the United Kingdom.b. from 1861-195

33、7 for the United States.c. mostly from the post-World War II period in the United Kingdom.d. mostly from the post-World War II period in the United States.30. Which of the following is true concerning the long-runPhillips curve?a. Its position is determined primarily by monetary factors.b. If it shi

34、fts right, long-run aggregate supply shifts right.c. It cannot be changed by any government policy.d. its position depends on the natural rate of unemployment.二、判斷題（每小題1分，共20分）31. The government component of GDP includes salaries paid to Army generals but not Social Security benefits to the elderly.

35、第11頁(yè)capital outflow.automatic stabilizers.42. In the open-economy macroeconomic model, net exports represent the quantity of dollars demanded in the foreign-currency exchange market.43. Although trade policies do not affect a country's overall trade balance, they do affect specific firms and ind

36、ustries.44. If speculators bid up the value of the dollar in the market for foreign-currency exchange, aggregate demandwould shift to the left.45. In response to a decrease in output the economy would revert to its original level of prices and output whether the decrease in output was caused by a de

37、crease in aggregate demand or a decrease in aggregate supply.46. John Maynard Keynes advocated policies that would increase aggregate demand as a way to decrease unemployment caused by recessions.47. An increase in the money supply shifts the aggregatesupply curve right.49. In the long run, the infl

38、ation rate depends primarily on money supplygrowth.50. Although monetary policy cannot reduce the natural rate of unemployment,other types of policies can.三、名詞解釋（每小題2分，共10分）51. catch-up effect:52. depreciation:得 分評(píng)卷 人53. capital flight:54. recession:55. automatic stabilizers:得 分評(píng)卷 人四、簡(jiǎn)答題（8題中任選6題；每小題

39、5分，共30分）56. Compare and contrast the population theories ofMalthus and Kremer.57. Using a graph representing the market for loanable funds, show andexplain what happens to interest rates and investment if a government goes from a deficit to a surplus.58. Which two of the Ten Principles of Economics

40、imply that the Fed canprofoundly affect the economy?48. Unemployment insurance and welfare programs work as59. The U.S. Treasury Department issues inflation-indexed bonds. What are inflation-indexed bonds and why are they important?60. Make a list of things that would shift the long-run aggregate su

41、pply curve to the right.61. Illustrate the classical analysis of growth and inflation with aggregate demandand long-run aggregate supply curves.62. Howdoes a reduction in the money supply by the Fed make owning stocks less attractive?63. Whyand in what way are fiscal policy lags different fromthat T

42、hanksgiving would fall a week earlier than usual so that the shoppingperiod before Christmas would be longer. Explain this decision, using themodel of aggregate demand and aggregate supply.6.7.8.9.10.4.得 分評(píng)卷 人monetary policy lags?五、討論題（2題中任選1題；每小題10分, 共10分）64. Suppose government spends $3 billionto

43、buy police cars. Explain why aggregate demand might increase by more than $3 billion. Explain why aggregate demand might increase by less than $3 billion.65. In 1939, with the U.S. economy not yet fully recovered11.12.13 14.15.16.17.坦19.20.21.22.2324.25.錯(cuò)誤用“ F”；每小題1分,共2033.34.35.from the Great Depre

44、ssion, President Roosevelt proclaimed36.37.38.39.40.41.42.43.44.45.51 .the property whereby contries that start off poor tend to grow more rapidly than countries that start off rich.52 .a decrease in the value of a currency as measured by the amount of foreign currency it can buy.分）53 .a large and s

45、udden reduction in the demand for assets located in a country.54 .a period of declining real incomes and rising unemployment.得 分評(píng)卷 人得 分評(píng)卷 人54. recession:55. automatic stabilizers:55 .changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers

46、having to take any deliberate action.四、簡(jiǎn)答題（8題中任選6題；每小題5分,共30分；答題時(shí)請(qǐng)標(biāo)明題號(hào)）五、討論題（2題中任選1題；每小題10分,共10分；答題時(shí)請(qǐng)標(biāo)明題號(hào)）宏觀經(jīng)濟(jì)學(xué)試卷A#考答案1.c 2.c 3.d 4.b 5.a 6.a 7.a 8.b 9.b 10.a56 .The difference is that Malthus predicted that population growth wouldbe greater than growth in the ability to increase output.He believed

47、thatpeople would continue to populate the earth until output reached a11.b 12.b 13.c 14.a 15.b 16.b 17.c 18.b 19.b 20.b 21.a 22.d23.c 24.c 25.b 26.d 27.d 28.a 29.a 30.dsubsistence level. On the other hand Kremer argues that population growth increased productivity allowing people to improve their st

48、andard of living despite growing population. Kremer argues that with more population comes more innovations. The improvements in technology more than offset any adverse impact of the increase in population on the standard of living.31.T 32.T 33.T 34.T 35.T 36.T 37.T 38.F 39.T 40.F 41.T 42.T43.T 44.T

49、 45.F 46.T 47.F 48.T 49.T 50.T57 . As shown in the graph below, the economy starts in equilibrium at point E0 with interest rate r0 and equilibrium quantity of saving and investmentat qO. If the government succeeds in obtaining a surplus, there will be more public saving in the economy at each inter

50、est rate, and the supply of loanable funds curve will shift from SO to S1. The new equilibrium will be at E1, with a lower interest rate, r1 and a higher quantity of saving and investment, q1. Hence, if the federal government succeeds in having a surplus, interest rates will fall and investment will

51、 increase.Market for Loanable Funds58 . 1. Prices rise when the government prints too much money.2. There is a short-run tradeoff between inflation and unemployment.59 . Inflation-indexed bonds are bonds whose interest and principal payments are adjusted upward for inflation, guaranteeing their real

52、 purchasing power in the future. They are important because they provide a safe, inflation-proof asset for savers and they may allow the Treasury to borrow more easily at a lower current cost.60 . Examples in the text (or variations) include increased immigration, a decrease in the minimum wage, more generous unemployment insurance, an increase in the capital stock, an increase inthe average level of education, a discovery of new mineral de