宏觀經(jīng)濟學期末考試試卷2(附答案)宏觀經(jīng)濟學期末考試試卷2(附答案)宏觀經(jīng)濟學期末考試試卷2(附答案)V:1.0精細整理，僅供參考宏觀經(jīng)濟學期末考試試卷2(附答案)日期：20xx年X月得分評卷人一、選擇題(每小題1分，共30分)1．IntheUnitedStatesrealGDPisreportedeachquarter. a. Thesenumbersareadjustedtomakethemmeasureatannualandseasonallyadjustedrates. b. Thesenumbersareadjustedtomakethemannualrates,butnoadjustmentforseasonalvariationsaremade. c. Thesenumbersarequarterlyratesthathavebeenseasonallyadjusted. d. Thesenumbersareatquarterlyratesandhavenotbeenseasonallyadjusted.2．ThepriceofCDplayersincreasesdramatically,causinga1percentincreaseintheCPI.ThepriceincreasewillmostlikelycausetheGDPdeflatortoincreaseby a. morethan1percent. b. lessthan1percent. c. 1percent. d. Itisimpossibletomakeaninformedguesswithoutmoreinformation.3．Ifincreasesinthepricesof.medicalcarecausetheCPItoincreaseby2percent,theGDPdeflatorwilllikelyincreaseby a. morethan2percent. b. 2percent. c. lessthan2percent. d. Alloftheabovearecorrect.4．Thetraditionalviewoftheproductionprocessisthatcapitalissubjectto a. constantreturns. b. increasingreturns. c. diminishingreturns. d. diminishingreturnsforlowlevelsofcapital,andincreasingreturnsforhighlevelsofcapital.5．Whichofthefollowingiscorrect a. Politicalinstabilitycanreduceforeigninvestment,reducinggrowth. b. Gary'sBeckerproposaltopaymothersindevelopingcountriestokeeptheirchildreninschoolhasnotworkedverywellinpractice. c. Policiesdesignedtopreventimportsfromothercountriesgenerallyincreaseeconomicgrowth. d. Alloftheabovearecorrect.6．Usethefollowingtabletoanswerthefollowingquestion.StockSymYld%PEVol100sHiLoCloseNetChgGenMillsGIS3513758GilletteG313042830GracoGGG16705HersheyHSY385418Assumethattheclosingpricewasalsotheaveragepriceatwhicheachstocktransactiontookplace.WhatwasthetotaldollarvolumeofGillettestocktradedthatday a. $912,840,000 b. $91,284,000 c. $9,128,400 d. $912,8407．SupposethatinaclosedeconomyGDPisequalto10,000,taxesareequalto2,500Consumptionequals6,500andGovernmentexpendituresequal2,000.Whatareprivatesaving,publicsaving,andnationalsaving a. 1500,1000,500 b. 1000,500,1500 c. 500,1500,1000 d. Noneoftheabovearecorrect.8．Risk-aversepeoplewillchoosedifferentassetportfoliosthanpeoplewhoarenotriskaverse.Overalongperiodoftime,wewouldexpectthat a. everyrisk-aversepersonwillearnahigherrateofreturnthaneverynon-riskaverseperson. b. everyrisk-aversepersonwillearnalowerrateofreturnthaneverynon-riskaverseperson. c. theaveragerisk-aversepersonwillearnahigherrateofreturnthantheaveragenon-riskaverseperson. d. theaveragerisk-aversepersonwillearnalowerrateofreturnthantheaveragenon-riskaverseperson.9．Thenaturalrateofunemploymentisthe a. unemploymentratethatwouldprevailwithzeroinflation. b. rateassociatedwiththehighestpossiblelevelofGDP. c. differencebetweenthelong-runandshort-rununemploymentrates. d. amountofunemploymentthattheeconomynormallyexperiences.10．Supposethatthereserveratiois5percentandthatabankhas$1,000indeposits.Itsrequiredreservesare a. $5.b. $50. c. $95.d. $950.11．Supposeabankhas$200,000indepositsand$190,000inloans.Ithasareserveratioof a. 5percent b. percent c. 10percent d. Noneoftheaboveiscorrect.12．Theinflationtax a. transferswealthfromthegovernmenttohouseholds. b. istheincreaseinincometaxesduetolackofindexation. c. isataxoneveryonewhoholdsmoney. d. Alloftheabovearecorrect.13．In1898,prospectorsontheKlondikeRiverdiscoveredgold.Thisdiscoverycausedanunexpectedpricelevel a. decreasethathelpedcreditorsattheexpenseofdebtors. b. decreasethathelpeddebtorsattheexpenseofcreditors. c. increasethathelpedcreditorsattheexpenseofdebtors. d. increasethathelpeddebtorsattheexpenseofcreditors.14．Ivan,aRussiancitizen,sellsseveralhundredcasesofcaviartoarestaurantchainintheUnitedStates.Byitself,thissale a. exportsandhasnoeffectonRussiannetexports. b. exportsanddecreasesRussiannetexports. c. exportsandhasnoeffectonRussiannetexports. d. exportsandincreasesRussiannetexports.15．SupposethattherealexchangeratebetweentheUnitedStatesandKenyaisdefinedintermsofbasketsofgoods.Whichofthefollowingwillincreasetherealexchangerate(thatisincreasethenumberofbasketsofKenyangoodsabasketof.goodsbuys) a. anincreaseinthenumberofKenyanshillingsthatcanbepurchasedwithadollar b. anincreaseinthepriceof.basketsofgoods c. adecreaseinthepriceinKenyanshillingsofKenyangoods d. Alloftheabovearecorrect.16．Usethe(hypothetical)informationinthefollowingtabletoanswerthenextquestion.CountryCurrencyCurrencyper.Dollar.PriceIndexCountryPriceIndexBrazilReal200800JapanYen20050,000MexicoPeso2002,000SwedenKrona2002,000ThailandBaht2008,000Inrealterms,.goodsaremoreexpensivethangoodsinwhichcountry(ies) a. BrazilandMexico b. Japan,Sweden,andThailand c. JapanandSweden d. Thailand.17．Whichofthefollowingwouldtendtoshiftthesupplyofdollarsinforeign-currencyexchangemarketoftheopen-economymacroeconomicmodeltotheleft a. Theexchangeraterises. b. Theexchangeratefalls. c. Theexpectedrateofreturnon.assetsrises. d. Theexpectedrateofreturnon.assetsfalls.18．Therealexchangerateequalstherelative a. priceofdomesticandforeigncurrency. b. priceofdomesticandforeigngoods. c. rateofdomesticandforeigninterest. d. Noneoftheaboveiscorrect.19．Intheopen-economymacroeconomicmodel,ifthesupplyofloanablefundsincreases,theinterestrate a. andtherealexchangerateincrease. b. andtherealexchangeratedecrease. c. increasesandtherealexchangeratedecreases. d. decreasesandtherealexchangerateincreases.20．Forthefollowingquestion,usethegraphbelow.Theinitialeffectofanincreaseinthebudgetdeficitintheloanablefundsmarketisillustratedasamovefrom a. atob. b. atoc. c. ctob. d. ctod.21．Whenthegovernmentspendsmore,theinitialeffectisthat a. aggregatedemandshiftsright. b. aggregatedemandshiftsleft. c. aggregatesupplyshiftsright. d. aggregatesupplyshiftsleft.22．Supposetheeconomyisinlong-runequilibrium.Inashortspanoftime,thereisasharpincreaseintheminimumwage,amajornewdiscoveryofoil,alargeinfluxofimmigrants,andnewenvironmentalregulationsthatreduceelectricityproduction.Intheshortrun,wewouldexpect a. thepriceleveltoriseandrealGDPtofall. b. thepriceleveltofallandrealGDPtorise. c. thepricelevelandrealGDPbothtostaythesame. d. Alloftheabovearepossible.23．Supposetheeconomyisinlong-runequilibrium.Inashortspanoftime,thereisalargeinfluxofskilledimmigrants,amajornewdiscoveryofoil,andamajornewtechnologicaladvanceinelectricityproduction.Intheshortrun,wewouldexpect a. thepriceleveltoriseandrealGDPtofall. b. thepriceleveltofallandrealGDPtorise. c. thepricelevelandrealGDPbothtostaythesame. d. Alloftheabovearepossible.24．Accordingtoliquiditypreferencetheory,themoneysupplycurveis a. upwardsloping. b. downwardsloping. c. vertical. d. horizontal.25．WhentheFedbuysgovernmentbonds,thereservesofthebankingsystem a. increase,sothemoneysupplyincreases. b. increase,sothemoneysupplydecreases. c. decrease,sothemoneysupplyincreases. d. decrease,sothemoneysupplydecreases.26．Accordingtothetheoryofliquiditypreference,anincreaseinthepricelevelcausesthe a. interestrateandinvestmenttorise. b. interestrateandinvestmenttofall. c. interestratetoriseandinvestmenttofall. d. interestratetofallandinvestmenttorise.27．Ifthestockmarketcrashes, a. aggregatedemandincreases,whichtheFedcouldoffsetbyincreasingthemoneysupply. b. aggregatedemandincreases,whichtheFedcouldoffsetbydecreasingthemoneysupply. c. aggregatedemanddecreases,whichtheFedcouldoffsetbyincreasingthemoneysupply. d. aggregatedemanddecreases,whichtheFedcouldoffsetbydecreasingthemoneysupply.28．IftheMPC=3/5,thenthegovernmentpurchasesmultiplieris a. 5/3.b. 5/2. c. 5.d. 15.29．Ifthegovernmentraisesgovernmentexpenditures,intheshortrun,prices a. riseandunemploymentfalls. b. fallandunemploymentrises. c. andunemploymentrise. d. andunemploymentfall.30．Ifthelong-runPhillipscurveshiftstotheleft,foranygivenrateofmoneygrowthandinflationtheeconomywillhave a. higherunemploymentandloweroutput. b. higherunemploymentandhigheroutput. c. lowerunemploymentandloweroutput. d. lowerunemploymentandhigheroutput.得分評卷人二、判斷題(每小題1分，共20分)31．WhenanAmericandoctoropensapracticeinBermuda,hisproductionthereispartof.GDP.32．Incountrieswherewomenarediscriminatedagainst,policiesthatincreasetheircareerandeducationalopportunitiesarelikelytoincreasethebirthrate.33．MichaelKramerfoundthatworldgrowthrateshaveincreasedaspopulationhas.34．SupposeasmallclosedeconomyhasGDPof$5billion,Consumptionof$3billion,andGovernmentexpendituresof$1billion.Thendomesticinvestmentandnationalsavingareboth$1billion.35．Accordingtotheefficientmarketshypothesis,atanymomentintime,themarketpriceisthebestguessofthecompany'svaluebasedonavailableinformation.36．Accordingtotheefficientmarketshypothesis,stocksfollowarandomwalksothatstocksthatincreaseinpriceoneyeararemorelikelytoincreasethandecreaseinthenextyear.37．IntheUnitedStates,blacksandwhiteshavesimilarlaborforceparticipationrates,butblackshaveahigherunemploymentrate.38．Accordingtothetheoryofefficiencywages,firmsoperatemoreefficientlyiftheycanpaywagesthatarebelowtheequilibriumlevel.39．InthemonthsofNovemberandDecember,peopleintheUnitedStatesholdalargerpartoftheirmoneyintheformofcurrencybecausetheyintendtoshopfortheholidays.Asaresult,themoneysupplyincreases,ceriseparousia.40．Inthe1990s,.pricesroseataboutthesamerateasinthe1970s.41．Accordingtothetheoryofpurchasing-powerparity,therealexchangeratedefinedasforeigngoodsperunitof.goodswillequalthedomesticpriceleveldividedbytheforeignpricelevel.42．Netcapitaloutflowrepresentsthequantityofdollarssuppliedintheforeign-currencyexchangemarket.43．Ifpolicymakersimposeimportrestrictionsonautomobiles,the.tradedeficitwouldshrink.44．Mosteconomistsbelievethatclassicaltheoryexplainstheworldintheshortrun,butnotthelongrun.45．Becausenotallpricesadjustinstantlytochangingconditions,anunexpectedfallinthepricelevelleavessomefirmswithhigher-than-desiredprices,andthesehigher-than-desiredpricesdepresssalesandinducefirmstoreducethequantityofgoodsandservicestheyproduce.46．Allexplanationsfortheupwardslopeoftheshort-runaggregatesupplycurvesupposethatoutputsuppliedincreaseswhenthepricelevelincreasesmorethanexpected.47．Boththemultiplierandtheinvestmentacceleratortendtomaketheaggregatedemandcurveshiftfartherthantheincreaseingovernmentexpenditures.48．Duringrecessions,thegovernmenttendstorunabudgetdeficit.49．Ifmacroeconomicpolicyexpandsaggregatedemand,unemploymentwillfallandinflationwillriseintheshortrun.50．TheanalysisofFriedmanandPhelpsarguesthatanychangeininflationthatisexpectedhasnoimpactontheunemploymentrate.得分評卷人三、名詞解釋(每小題2分，共10分)51．diminishingreturns:52．nominalexchangerate:53．crowding-outeffect:54．stagflation:55．a(chǎn)utomaticstabilizers:得分評卷人四、簡答題(8題中任選6題；每小題5分，共30分)56．Whyarepropertyrightsimportantforthegrowthofanation'sstandardofliving57．Supposethatyouareabrokerandpeopletellyouthefollowingaboutthemselves.WhatsortofbondwouldyourecommendtoeachDefendyourchoices. a. "IaminahighfederalincometaxbracketandIdon'twanttotakeverymuchrisk." b. "IwantahighreturnandIamwillingtotakealotofrisktogetit." c. "IwantadecentreturnandIhaveenoughdeductionsthatIdon'tvaluetaxbreakshighly."58．DrawasimpleT-accountforFirstNationalBankofMe,whichhas$5,000ofdeposits,areserveratioof10percent,andexcessreservesof$300.59．Whatarethecostsofinflation60．Makealistofthingsthatwouldshiftthelong-runaggregatesupplycurvetotheright.61．Illustratetheclassicalanalysisofgrowthandinflationwithaggregatedemandandlong-runaggregatesupplycurves.62．Whydoeconomiststhinkthatthewealtheffectandexchange-rateeffectarenotveryimportantfactorsinexplainingwhyaggregatedemandslopesdownward,atleastintheUnitedStates63．Describetheprocessinthemoneymarketbywhichtheinterestratereachesitsequilibriumvalueifitstartsaboveequilibrium.得分評卷人五、討論題(2題中任選1題；每小題10分，共10分)64.Assumetheeconomyisinarecession.Explainhoweachofthefollowingpolicieswouldaffectconsumptionandinvestment.Ineachcase,indicateanydirecteffects,anyeffectsresultingfromchangesintotaloutput,anyeffectsresultingfromchangesininterestrate,andtheoveralleffect.Ifthereareconflictingeffectsmakingtheanswerambiguous,sayso.a).areductionintaxes;b)anexpansionofthemoneysupply.65.In1939,withthe.economynotyetfullyrecoveredfromtheGreatDepression,PresidentRooseveltproclaimedthatThanksgivingwouldfallaweekearlierthanusualsothattheshoppingperiodbeforeChristmaswouldbelonger.Explainthisdecision,usingthemodelofaggregatedemandandaggregatesupply.《宏觀經(jīng)濟學》答題紙題號一二三四五總分得分得分評卷人一、選擇題(每小題1分，共30分)..0.得分評卷人二、判斷題(正確用“T”；錯誤用“F”；每小題1分，共20分)9.50.得分評卷人三、名詞解釋(每小題2分，共10分)51．catch-upeffect:52．depreciation:53．capitalflight:54．recession:55．a(chǎn)utomaticstabilizers:得分評卷人四、簡答題(8題中任選6題；每小題5分，共30分；答題時請標明題號)得分評卷人五、討論題(2題中任選1題；每小題10分，共10分；答題時請標明題號)《宏觀經(jīng)濟學》試卷B參考答案propertywherebythebenefitfromanextraunitofaninputdeclinesasthequantityoftheinputincreases.rateatwhichapersoncantradethecurrencyofonecountryforthecurrencyofanother.offsetinaggregatedemandthatresultswhenexpansionaryfiscalpolicyraisestheinterestrateandtherebyreducesinvestmentspending.periodoffallingoutputandrisingprices.infiscalpolicythatstimulateaggregatedemandwhentheeconomygoesintoarecessionwithoutpolicymakershavingtotakeanydeliberateaction.rightsareanimportantprerequisiteforthepricesystemtoworkinamarketeconomy.Ifanindividualorcompanyisnotconfidentthatclaimsoverpropertyorovertheincomefrompropertycanbeprotected,orthatcontractscanbeenforced,therewillbelittleincentiveforindividualstosave,invest,orstartnewbusinesses.Likewise,therewillbelittleincentiveforforeignerstoinvestintherealorfinancialassetsofthecountry.Thedistortionofincentiveswillreduceefficiencyinresourceallocationandwillreducesavingandinvestmentwhichinturnwillreducethestandardofliving.57. a. Amunicipalbond,becausegenerallytheyhavelowcreditriskandarenotsubjecttofederalincometax. b. Ajunkbond.Becauseoftheirhighrisk,theyhaveahighreturn. c. Acorporatebondthatisn'tajunkbond.Becausetheyhavemoreriskthangovernmentbondsandhavenospecialtaxtreatment,theypaymoderateratesofreturn.NationalBankofMe Assets Liabilities Reserves $800 Deposits $5,000 Loans $4,200costsofinflationinclude"shoeleathercosts,"thecostofreducingyourmoneyholdingstoreduceyourinflationtax;"menucosts,"thecostsofpriceadjustments;thecostsofresourcemisallocationthatresultfromtherelative-pricevariabilityinducedbyinflation;thecostsofinflation-inducedtaxdistortions;thecostsofconf