第一章測(cè)試1【單選題】(5分)Macroeconomicsdoesnottrytoanswerthequestionof:A.whydosomecountrieshavehighratesofinflation.B.whatistherateofreturnoneducation.C.whatcausesrecessionsanddepressions.D.whydosomecountriesexperiencerapidgrowth2【單選題】(5分)Allofthefollowingaretypesofmacroeconomicsdataexceptthe:A.growthrateofrealGDP.B.unemploymentrate.C.inflationrate.D.priceofanIBMcomputer.3【單選題】(5分)Thetotalincomeofeveryoneintheeconomyadjustedforthelevelofbaseyearpricesiscalled:A.realGDP.B.aninflation.C.abusinessfluctuation.D.arecession.4【單選題】(5分)RealGDP______overtimeandthegrowthrateofrealGDP______.A.grows;fluctuatesB.issteady;fluctuatesC.grows;issteadyD.issteady;issteady5【單選題】(5分)Aperiodoffallingpricesiscalled:A.inflation.B.deflation.C.adepression.D.arecession.第二章測(cè)試1【單選題】(5分)Theassumptionofcontinuousmarketclearingmeansthat:A.buyerscanbuyallthattheywantatthegoingprice.B.atanygiveninstant,buyerscanbuyallthattheywantandsellerscansellallthattheywantatthegoingprice.C.inanygivenmonth,buyerscanbuyallthattheywantandsellerscansellallthattheywantatthegoingprice.D.sellerscansellallthattheywantatthegoingprice.2【單選題】(5分)Allofthefollowingstatementsaboutstickypricesaretrueexcept:A.intheshortrun,somewagesandpricesaresticky.B.forstudyingyear-to-yearfluctuations,mostmacroeconomistsbelievethatpricestickinessisabetterassumptionthanispriceflexibility.C.magazinepublisherstendtochangetheirnewsstandpricesonlyeverythreeorfouryears.D.thesticky-pricemodeldescribestheequilibriumtowardwhichtheeconomyslowlygravitates.3【單選題】(5分)Theassumptionofflexiblepricesisamoreplausibleassumptionwhenappliedtopricechangesthatoccur:A.fromminutetominute.B.fromyeartoyear.C.inthelongrun.D.intheshortrun.4【單選題】(5分)GNPequalsGDP______incomeearneddomesticallybyforeigners______incomethatnationalsearnabroad.A.minus;plusB.minus;minusC.plus;plusD.plus;minus5【單選題】(5分)Thelargestcomponentofnationalincomeis:A.compensationofemployees.B.corporateprofits.C.proprietors'income.D.netinterest.6【單選題】(5分)IfnominalGDPgrewby5percentandrealGDPgrewby3percent,thentheGDPdeflatorgrewbyapproximately______percent.A.8B.3C.5D.2第三章測(cè)試1【單選題】(5分)Inthelongrun,thelevelofnationalincomeinaneconomyisdeterminedbyits:A.rateofeconomicandaccountingprofit.B.governmentbudgetsurplusordeficit.C.realandnominalinterestrate.D.factorsofproductionandproductionfunction.2【單選題】(5分)Atanyparticularpointintime,theoutputoftheeconomy:A.isfixedbecausethedemandforgoodsandservicesisfixed.B.isfixedbecausethesuppliesofcapitalandlaborandthetechnologyarefixed.C.variesbecausethetechnologyforturningcapitalandlaborintogoodsandservicesvaries.D.variesbecausethesuppliesofcapitalandlaborvary.3【單選題】(5分)InaCobb-douglasproductionfunctionthemarginalproductoflaborwillincreaseif:A.thequantityoflaborincreases.B.averagelaborproductivitydecreases.C.thequantityofcapitalincreases.D.capital'sshareofoutputincreases.4【單選題】(5分)Accordingtotheneoclassicaltheoryofdistribution,inaneconomydescribedbyaCobb-douglasproductionfunction,workersshouldexperiencehighratesofrealwagegrowthwhen:A.realinterestratesarehigh.B.realinterestratesarelow.C.capital'sshareofincomeisgrowingrapidly.D.averagelaborproductivityisgrowingrapidly.5【單選題】(5分)Intheclassicalmodelwithfixedincome,anincreaseintherealinterestratecouldbetheresultofa(n):A.increaseingovernmentspending.B.decreaseindesiredinvestment.C.increaseintaxes.D.decreaseingovernmentspending.第四章測(cè)試1【單選題】(5分)Money'sliquidityreferstotheeasewithwhich:A.coinscanbemelteddown.B.loanscanbefloated.C.moneycanbeconvertedintogoodsandservices.D.illegallyobtainedmoneycanbelaundered.2【單選題】(5分)Inafractional-reservebankingsystem,bankscreatemoneywhenthey:A.acceptdeposits.B.holdreserves.C.makeloans.D.exchangecurrencyfordeposits.3【單選題】(5分)Ifthecurrency-epositratioequals0.5andthereserve-epositratioequals0.1,thenthemoneymultiplierequalsA.2.0.B.0.6.C.2.5.D.1.67.4【單選題】(5分)WhentheFedmakesanopen-marketsale,it:A.decreasesthemonetarybase(B).B.increasesthemoneymultiplier(m).C.increasesthecurrency-depositratio(cr).D.increasesthemonetarybase(B).5【單選題】(5分)WhentheFederalReserveconductsanopen-marketpurchase,itbuysbondsfromthe:A.InternalRevenueService.B.public.C.InternationalMonetaryFund.D.U.S.Treasury.第五章測(cè)試1【單選題】(5分)Ifthedemandforrealmoneybalancesisproportionaltorealincome,velocitywill:A.increaseasincomedecreases.B.varydirectlywiththeinterestrate.C.remainconstant.D.increaseasincomeincreases.2【單選題】(5分)Thequantityequationformoney,byitself:A.impliesthatrealgrossdomesticproduct(GDP)isproportionaltothemoneysupply.B.impliesthatthepricelevelisproportionaltothemoneysupply.C.impliesthatthevelocityofmoneyisconstant.D.maybethoughtofasadefinitionforvelocityofmoney.3【單選題】(5分)Inthelongrun,accordingtothequantitytheoryofmoneyandtheclassicalmacroeconomictheory,ifvelocityisconstant,then______determinesrealGDPand______determinesnominalGDP.A.themoneysupply;theproductivecapabilityoftheeconomyB.themoneysupply;velocityC.velocity;themoneysupplyD.theproductivecapabilityoftheeconomy;themoneysupply4【單選題】(5分)Accordingtotheclassicaldichotomy,whenthemoneysupplydecreases,_____willdecrease.A.realGDPB.consumptionspendingC.investmentspendingD.thepricelevel5【單選題】(5分)Theconceptofmonetaryneutralityintheclassicalmodelmeansthatanincreaseinthemoneysupplywillincrease:A.realinterestrates.B.realGDP.C.nominalinterestrates.D.bothsavingandinvestmentbythesameamount.第六章測(cè)試1【單選題】(5分)Netcapitaloutflowisequalto:A.nationalsavingminusthetradebalance.B.nationalsavingminusdomesticinvestment.C.domesticinvestmentminusnationalsaving.D.domesticinvestmentplusthetradebalance.2【單選題】(5分)Ifdomesticsavingexceedsdomesticinvestment,thennetexportsare______andnetcapitaloutflowsare______.A.positive;negativeB.negative;negativeC.positive;positiveD.negative;positive3【單選題】(5分)Inasmallopeneconomy,ifexportsequal$5billionandimportsequal$7billion,thenthereisatrade______and______netcapitaloutflow.A.deficit;negativeB.surplus;negativeC.surplus;positiveD.deficit;positive4【單選題】(5分)Startingfromatradebalance,iftheworldinterestratefalls,then,holdingotherfactorsconstant,inasmallopeneconomytheamountofdomesticinvestmentwill_____andnetexportswill_____.A.increase,notchangeB.increase;increaseC.increase;decreaseD.decrease;increase5【單選題】(5分)Ifpurchasing-powerparityholds,thenchangesindomesticsavingwill_____therealexchangerate.A.decreaseB.notchangeC.increaseD.eitherincreaseordecrease第七章測(cè)試1【單選題】(5分)Apolicythatdecreasesthejobseparationrate_____thenaturalrateofunemployment.A.willnotchangeB.couldeitherincreaseordecreaseC.willdecreaseD.willincrease2【單選題】(5分)Anypolicyaimedatloweringthenaturalrateofunemploymentmusteither______therateofjobseparationor______therateofjobfinding.A.reduce;reduceB.increase;reduceC.increase;increaseD.reduce;increase3【單選題】(5分)Theunemploymentresultingfromwagerigidityandjobrationingiscalled______unemployment.A.insiderB.structuralC.minimum-wageD.frictional4【單選題】(5分)Theminimumwage:A.raisesthewagesofhighlyskilledworkers.B.encouragesmasterworkerstotakeonapprentices.C.hasitsgreatestimpactonteenageunemployment.D.isusuallyabout75percentoftheaveragewageearnedinmanufacturing.5【單選題】(5分)Whichofthefollowingisthebestexampleofstructuralunemployment?A.Kirbyisseekingajobasanairlinepilot,butthehighunionwagesintheindustryhavelimitedthenumberofjobsavailable.B.Vickielostherjobasagraphicartistatamoviestudiobecauseshedidnothavetrainingincomputer-generatedanimation.C.Timislookingforajobwithflexiblehoursbuthasnotbeenofferedoneyet.D.Fatimalostherjobatapackingplantbuthasnotlookedveryintensivelyforanewjobbecauseshestillhas2monthsofunemploymentinsurancebenefitsleft.第八章測(cè)試1【單選題】(5分)TwoeconomiesareidenticalexceptthatthelevelofcapitalperworkerishigherinHighlandthaninLowland.Theproductionfunctionsinbotheconomiesexhibitdiminishingmarginalproductofcapital.Anextraunitofcapitalperworkerincreasesoutputperworker:A.inHighland,butnotinLowland.B.bythesameamountinHighlandandLowland.C.moreinLowland.D.moreinHighland.2【單選題】(5分)IntheSolowgrowthmodelthesavingratedeterminestheallocationofoutputbetween:A.consumptionandoutput.B.savingandinvestment.C.outputandcapital.D.investmentandconsumption.3【單選題】(5分)IntheSolowgrowthmodel,thesteady-stateoccurswhen:A.capitalperworkerisconstant.B.consumptionperworkerismaximized.C.outputperworkerequalsconsumptionperworker.D.thesavingrateequalsthedepreciationrate.4【單選題】(5分)IntheSolowgrowthmodel,thesteadystatelevelofoutputperworkerwouldbehigherifthe_____increasedorthe_____decreased.A.savingrate;depreciationrateB.depreciationrate;populationgrowthrateC.populationgrowthrate;depreciationrateD.populationgrowthrate;savingrate5【單選題】(5分)IntheSolowgrowthmodel,withagivenproductionfunction,depreciationrate,savingrate,andnotechnologicalchange,higherratesofpopulationgrowthproduce:A.highersteady-stateratiosofcapitalperworker.B.highersteady-statelevelsofoutputperworker.C.highersteady-stategrowthratesoftotaloutput.D.highersteady-stategrowthratesofoutputperworker.第九章測(cè)試1【單選題】(5分)TheGoldenRulelevelofthesteady-statecapitalstock:A.impliesachoiceofaparticularsavingrate.B.shouldbeavoidedbyanenlightenedgovernment.C.willbereachedautomaticallyifeachpersonsavesenoughtoprovideforhisorherretirement.D.willbereachedautomaticallyifthesavingrateremainsconstantoveralongperiodoftime.2【單選題】(5分)Ifaneconomyisinasteadystatewithnopopulationgrowthortechnologicalchangeandthemarginalproductofcapitalislessthanthedepreciationrate:A.steady-stateconsumptionperworkerwouldbehigherinasteadystatewithalowersavingrate.B.theeconomyisfollowingtheGoldenRule.C.steady-stateconsumptionperworkerwouldbehigherinasteadystatewithahighersavingrate.D.thedepreciationrateshouldbedecreasedtoachievetheGoldenRulelevelofconsumptionperworker.3【單選題】(5分)IfaneconomyisinasteadystatewithasavingratebelowtheGoldenRulelevel,effortstoincreasethesavingrateresultin:A.bothhigherper-capitaoutputandhigherper-capitadepreciation,buttheincreaseinper-capitaoutputwouldbegreater.B.higherper-capitaoutputandlowerper-capitadepreciation.C.bothhigherper-capitaoutputandhigherper-capitadepreciation,buttheincreaseinper-capitadepreciationwouldbegreater.D.lowerper-capitaoutputandhigherper-capitadepreciation.4【單選題】(5分)WhenaneconomybeginsabovetheGoldenRule,reachingtheGoldenRule:A.requiresinitiallyincreasingconsumptiontodecreaseconsumptioninthefuture.B.produceslowerconsumptionatalltimesinthefuture.C.produceshigherconsumptionatalltimesinthefuture.D.requiresinitiallyreducingconsumptiontoincreaseconsumptioninthefuture.5【單選題】(5分)IntheSolowgrowthmodelofaneconomywithpopulationgrowthbutnotechnologicalchange,thebreak-evenlevelofinvestmentmustdoallofthefollowingexcept:A.keepthelevelofcapitalperworkerconstant.B.offsetthedepreciationofexistingcapital.C.equalthemarginalproductivityofcapital(MPK).D.providecapitalfornewworkers.第十章測(cè)試1【單選題】(5分)IfanaggregatedemandcurveisdrawnwithrealGDP(Y)alongthehorizontalaxisandthepricelevel(P)alongtheverticalaxis,usingthequantitytheoryofmoneyasatheoryofaggregatedemand,thiscurveslopes______totherightandgets______asitmovesfarthertotheright.A.upward;steeperB.downward;steeperC.upward;flatterD.downward;flatter2【單選題】(5分)Ashort-runaggregatesupplycurveshowsfixed______,andalong-runaggregatesupplycurveshowsfixed______.A.prices;pricesB.output;pricesC.output;outputD.prices;output3【單選題】(5分)Ifthelong-runaggregatesupplycurveisvertical,thenchangesinaggregatedemandaffect:A.pricesbutnotlevelofoutput.B.levelofoutputbutnotprices.C.neitherpricesnorlevelofoutput.D.bothpricesandlevelofoutput.4【單選題】(5分)Assumethattheeconomystartsfromlong-runequilibrium.IftheFederalReserveincreasesthemoneysupply,then______increase(s)intheshortrunand______increase(s)inthelongrun.A.prices;outputB.output;pricesC.output;outputD.prices;prices5【單選題】(5分)Monetaryneutralityisacharacteristicoftheaggregatedemand朼ggregatesupplymodelin:A.boththeshortrunandthelongrun.B.intheshortrun,butnotinthelongrun.C.inthelongrun,butnotintheshortrun.D.inneithertheshortrunnorthelongrun.第十一章測(cè)試1【單選題】(5分)TwointerpretationsoftheIS-LMmodelarethatthemodelexplains:A.thedeterminationofincomeintheshortrunwhenpricesarefixed,orwhatshiftstheaggregatedemandcurve.B.thedeterminationofinvestmentandsaving,orwhatshiftstheliquiditypreferenceschedule.C.theshort-runquantitytheoryofincome,ortheshort-runFishereffect.D.changesingovernmentspendingandtaxes,orthedeterminationofthesupplyofrealmoneybalances.2【單選題】(5分)IntheKeynesian-crossmodel,actualexpendituresdifferfromplannedexpendituresbytheamountof:A.liquiditypreference.B.thegovernment-purchasesmultiplier.C.realmoneybalances.D.unplannedinventoryinvestment.3【單選題】(5分)AlonganygivenIScurve:A.bothgovernmentspendingandtaxratesvary.B.governmentspendingisfixed,buttaxratesvary.C.taxratesarefixed,butgovernmentspendingvaries.D.bothgovernmentspendingandtaxratesarefixed.4【單選題】(5分)IntheKeynesian-crossmodel,adecreaseintheinterestrate______plannedinvestmentspendingand______theequilibriumlevelofincomeA.increases;increasesB.decreases;increasesC.increases;decreasesD.decreases;decreases5【單選題】(5分)AnIScurveshowscombinationsof:A.nominalmoneybalancesandpricelevels.B.interestratesandincomethatbringequilibriuminthemarketforrealbalances.C.interestratesandincomethatbringequilibriuminthemarketforgoodsandservices.D.taxesandgovernmentspending.6【單選題】(5分)Iftheinterestrateisabovetheequilibriumvalue,the:A.supplyofrealbalancesexceedsthedemand.B.demandforrealbalancesexceedsthesupply.C.marketforrealbalancesclears.D.demandforrealbalancesincreases.第十二章測(cè)試1【單選題】(5分)IntheIS?LMmodelwhentaxationincreases,inshort-runequilibrium,theinterestrate______andoutput______.A.falls;risesB.rises;fallsC.falls;fallsD.rises;rises2【單選題】(5分)UsingtheIS-LManalysis,iftheLMcurveisnothorizontal,themultiplierforanincreaseingovernmentspendingis______foranincreaseingovernmentpurchasesusingtheKeynesian-crossanalysis.A.largerthanthemultiplierB.smallerthanthemultiplierC.sometimeslargerandsometimessmallerthanthemultiplierD.thesameasthemultiplier3【單選題】(5分)Aneconomicchangethatdoesnotshifttheaggregatedemandcurveisachangein:A.taxes.B.themoneysupply.C.theinvestmentfunction.D.thepricelevel.4【單選題】(5分)Ataxcutshiftsthe______totheright,andtheaggregatedemandcurve__A.LM;doesnotshiftB.IS;doesnotshiftC.LM:shiftstotherightD.IS;shiftstotheright5【單選題】(5分)IfrealmoneybalancesentertheIS?LMmodelboththroughthetheoryofliquiditypreferenceandthePigoueffect,thenafallinthepricelevelwillshift:A.boththeLMandtheIScurves.B.onlytheIScurve.C.onlytheLMcurve.D.neithertheLMnortheIScurve.第十三章測(cè)試1【單選題】(5分)IntheMundell-Flemingmodel,thedomesticinterestrateisdeterminedbythe:A.worldinterestrate.B.worldrateofinflation.C.domesticrateofinflation.D.intersectionoftheLMandIScurves.2【單選題】(5分)Ifshort-runequilibriumintheMundell-FlemingmodelisrepresentedbyagraphwithYalongthehorizontalaxisandtheexchangeratealongtheverticalaxis,thentheLM*curve:A.isverticalbecausetheexchangeratedoesnotenterintotheLM*equation.B.slopesupwardandtotherightbecauseatahigherincomeahigherinterestrateisneededtoincreasevelocity.C.isverticalbecausemonetaryvelocityisindependentoftheinterestrate.D.slopesupwardandtotherightbecauseahigherexchangerateleadstoahigherincome.3【單選題】(5分)Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentincreasesthemoneysupply,theninthenewshort-runequilibriumthe:A.interestratefallsbutthelevelofinvestmentdoesnotrise.B.exchangeratefallsandnetexportsincrease.C.exchangeratefallsbutnetexportsdonotincrease.D.interestratefallsandthelevelofinvestmentrises.4【單選題】(5分)Tomaintainafixed-exc