中級宏觀經(jīng)濟(jì)學(xué)1試題

1、Final(A)Name：ClassSt.No.：Score：I.ChoosetheBestAnswerforEachQuestion.(2'x30)()1.WhichofthefollowingisnotincludedinGDPA. ThesalarypaidtoafederaljudgeB. Thevalueofhousingservicesenjoyedbyhomeowners,C. ThevalueofautomobileservicesenjoyedbycarownersD. Thevalue-addedofashippingcompanythattransportsgoo

2、dsfromthefactorytoretailstores()2.Theconsumerpriceindex(CPI)A. measuresthepriceofafixedbasketofgoodsandservices.B. measuresthepriceofabasketofgoodsandservicesthatconstantlychangesasthecompositionofconsumerspendingchanges.C. measurestheamountofmoneythatittakestoproduceafixedlevelofutility.D. isoneoft

3、hemanystatisticsintheNationalIncomeAccounts.()3.Supposethataconsumerhasamarginalpropensitytoconsumeof.Ifthisconsumerreceivesandextra$2ofdisposableincome,hersavingwouldbeexpectedtoincreasebyA. $.B. $.C. $.D. $.()4.Choosethepairofwordsthatbestcompletesthissentence:Investmentdependsontheinterestratebec

4、ausehigherinflationwillthevalueofthedollarswithwhichthefirmwillrepaytheloan.A. real,increaseCB. nominal,increaseC. real,decreaseD. nominal,decrease()5.Consideraneconomywheretheonlygoodstradedarecoconutsandpineapples.Lastyear,100coconutsweresoldat$1apiece,and200pineapplesweresoldat$2.50apiece.Ifthemo

5、neysupplywas$100,whatwasvelocityA. 30B. 15C. 6D. 5()6.Whenthegovernmentraisesrevenuebyprintingmoney,itimposesan"inflationtax"becausetheA. realvalueofmoneyholdingsfalls.B. interestratefalls.C. differencebetweennominalandrealinterestratesbecomessmaller.D. nominalvalueofmoneyholdingsfalls.()7

6、.Inasmallopeneconomy,whichinterestrateequalstheworldinterestrateA. TherealinterestrateB. ThenominalinterestraterC. BoththerealandthenominalinterestratesD. Itdependsonwhethertheexchangerateisfixedorfloating.()8.Ifacountry'srealexchangeratefalls(depreciates),thenA. netexportsrise.B. netexportsfall

7、.C. exportsandimportsrisebythesameamount.D. exportsandimportsfallbythesameamount.()9.Supposethat2percentoftheemployedlosetheirjobseachmonth(s=and38percentoftheunemployedfindajobeachmonth(f=.Then,thesteady-staterateofunemploymentisA. 2percent.B. 5percent.C. 16percent.D. 36percent.()10.Structuralunemp

8、loymentresultswhen,A. theminimumwageissettoincreaseinthenearfuture.B. thereisgenerousunemploymentinsurance.C. workersaretemporarilylaidoffduetoweatherconditions.D. therealwageisaboveitsmarket-clearinglevel.()11.Supposethatthecapitalstockis100,thedepreciationrateis10percentperyear,andoutputis25.Whatm

9、ustthesavingratebetokeepthecapitalstockconstantA. 2.5percentB. 10percentC. 25percentD. 40percent()12.Iftwoeconomiesareidenticalexceptfortheirratesofpopulationgrowth,thenifbotheconomiesareinsteadystate,theeconomywiththehigherrateofpopulationgrowthwillhaveaCA. lowerrateofgrowthoftotaloutput.B. higherr

10、ateofgrowthoftotaloutput.C. lowerrateofgrowthofoutputperperson.D. higherrateofgrowthofoutputperperson.()13.IntheSolowgrowthmodelwithpopulationgrowth(n)andtechnologicalprogress(g),thesteady-stategrowthrateoftotaloutputisA.0.B.n.C. g.D. n+g.()14.AdvocatesoftheY=AKmodelinterpretcapitalasA. consistingso

11、lelyofthestockofplantsandequipment.B. beinginverselyrelatedtotechnologicalprogress.,C. includingknowledge.D. beingdeterminedbyexogenousforces.()15.ThemodelofaggregatesupplyandaggregatedemandthatassumesstickypricesA. doesnotexplaineconomicfluctuations.B. showsthatoutputdependsondemandaswellassupply.C

12、. showsthatmonetaryandfiscalpolicyarealwaysdestabilizinginfluencesontheeconomy.D. showsthatmonetarypolicyisneutral.()16.TheAS/ADmodelwithstickypricespredictsthat,inthelongrun,areductionofthemoneysupplyresultsinA. lowerpricesandloweroutput.B. lowerpricesandnochangeinoutput.C. nochangeinpricesandlower

13、output.rD. nochangeinpricesoroutput.()17.Ifinvestmentbecomeslesssensitivetotheinterestrate,thentheA. LMcurvebecomessteeper.B. LMcurvebecomesflatter.C. IScurvebecomessteeper.D. IScurvebecomesflatter.()18.AccordingtotheIS-LMmodel,ifthecentralbankincreasesthemoneysupply,thentheinterestrateA. fallsandin

14、comefalls.B. fallsandincomerises.C. risesandincomefalls.D. risesandincomerises.()19.TheslowdownintheU.S.economyin2001canbeexplainedby,A. negativeshockstotheIScurveresultinginafallinaggregatedemand.B. negativeshockstotheLMcurveresultinginafallinaggregatedemand.C. negativeshockstotheIScurveresultingin

15、afallinaggregatesupply.D. negativeshockstotheLMcurveresultinginafallinaggregatesupply.()20.TheMundell-Flemingmodelpredictsthat,inY-espace,anappreciationoftheexchangeratewillcausetheIS*curvetoA. shifttotheleft.B. shifttotheright.C. becomesteeper.D. remainunchanged.()21.AccordingtotheMundell-Flemingmo

16、del,inasmallcountrywithafloatingexchangerate,ataxcutwillcausetheexchangeratetoA. rise.B. riseinthesameproportionasinflation.C. remainconstant.D. fall.()22.Inthesticky-wagemodel,outputdeviatesfromthenaturalratethroughA. unexpectedchangesinthenominalwage.B. expectedchangesinthepricelevel.C. unexpected

17、changesinthepricelevel.D. expectedchangesintherealwage.()23.TheLucascritiqueisbasedonA. theinsidelagofeconomicpolicy.B. thePhillipscurve.C. automaticstabilizers.,D. thefactthatpeople'sexpectationsarerational.()24.IfRicardianequivalenceholdsandthegovernmentcutstaxeswithoutanyplanstoreducegovernme

18、ntspending,thenaforward-lookingconsumerwouldA. increaseconsumptionbythesameamountasthetaxcut.B. increaseconsumptionbythetaxcuttimesthemarginalpropensitytoconsume.C. leaveconsumptionunchangedinordertosaveforfuturetaxes.D. decreaseconsumptioninordertosaveforfuturetaxes.()25.Inatwo-periodconsumptionmod

19、el,ariseintheincomeofthesecondperiodwouldcauseconsumptioninthefirstperiodtoA. risebecauseoftheincomeeffect.B. fallbecauseofthesubstitutioneffect.C. remainconstantbecausetheincomeandsubstitutioneffectscanceleachother.D. beundeterminedwithoutmoreinformationaboutsizesoftheincomeandsubstitutioneffects.(

20、)26.Friedman'spermanent-incomehypothesisassertsthatthemarginalpropensitytoconsumeoutofincomeisA. one.B. zero.C. higherforpermanentincomethanitisfortemporaryincome.D. lowerforpermanentincomethanitisfortemporaryincome.()27.ThecostofcapitaldoesnotdependontheA. interestrate.B. rateatwhichtheoverallp

21、ricelevelischanging.C. depreciationrate.D. rateatwhichcapitalpricesarechanging.()28.Ifthecurrency-depositratio(cr)is5percentandthereserve-depositratio(rr)is30percentthenthemoneymultiplier(m)isA. 1.3.B. 3.C. 4.D. 20.()29.IntheBaumol-Tobinmodelofcashmanagement,ifthenominalinterestraterises,individuals

22、wouldbeexpectedtoholdA. lessmoneyandmakefewertripstothebank.B. lessmoneyandmakemoretripstothebank.C. moremoneyandmakefewertripstothebank.D. moremoneyandmakemoretripstothebank.()30.Interestratesareanimportantpartofreal-business-cycletheorybecausetheyrA. aremonetarypolicyinstruments.CB. affecttheinter

23、temporalsubstitutionoflabor.rC. affectonlyrealvariables.D. linknominalandrealvariables.II(10)InU.S.A.,thecapitalshareofGDPisabout30percent;theaveragegrowthinoutputisabout3percentperyear;thedepreciationrateisabout4percentperyear;andthecapital-outputratioisabout.SupposethattheproductionfunctionisCD,so

24、thatthecapitalshareinoutputisconstant,andthattheUnitedStateshasbeeninasteadystate.a. Whatmustthesavingratebeintheinitialsteadystateb. Whatisthemarginalproductofcapitalintheinitialsteadystatec. WhatwillthemarginalproductofcapitalbeattheGoldenRulesteadystated. Whatwillthecapital-outputratiobeattheGold

25、enRulesteadystatee. WhatmustthesavingratebetoreachtheGoldenRulesteadystateIII.(10')Supposethatinvestmentdependsonbothincomeandtheinterestrate,.,theinvestmentfunctionisIIaYbr,whereaisaconstantbetween0and1whichmeasurestheinfluenceofnationalincomeoninvestment,andbisaconstantgreaterthan0whichmeasure

26、stheinfluenceoftheinterestrateoninvestment.UsetheIS-LMmodeltoconsidertheshort-runimpactofanincreaseingovernmentpurchasesonnationalincomeY,theinterestrater,consumptionCandinvestmentI.HowmightthisinvestmentfunctionaltertheconclusionsimpliedbythebasicIS-LMmodelIV(10'S)upposethataneconomyhasthePhillipscurve=-1-0.5(uun)andthatthenaturalrateofunemploymentisgivenbyanaverageofthepasttwoyear