宏观试题 2013年5月Abaijie.doc

山东财经大学2012 - 2013学年第 2 学期期末试题学 号 Intermediate macroeconomics 试卷 ( A )题号一二三四五六七八九十总分得分签字学 院班 级 姓 名注意事项：所有的答案都必须写在答题纸（答题卡）上，答在试卷上一律无效。Section A : multiple choice questions ,In each question choose only 1 option that best describes the answer. ( 15 points, 2points each)1. Which of the following reason is not included in Americans new economy?a.technology ernational tradec.Clintons economic policyd.investment increase2. If the propensity to consume increases, which of the following will happen?a. Consumption will decrease.b. Consumption will increase. c.Consumption will be constant.d. Autonomous spending will increase. 3. Suppose nominal GDP increased by 5% in 2011(over its previous level in 2010). Given this information, we know with certainty thata.the aggregate price level (i.e., the GDP deflator ) increased in 2011b.real GDP increased in 2011 c.both the aggregate price level and real GDP increased in 2011d.more information is needed to answer this question. 4. Stagflation is a situation that occurs whena. the unemployment rate is high and the inflation rate is lowb. the unemployment rate and the inflation rate are both highc. the unemployment rate and the inflation rate are both low d. the unemployment rate is low and the inflation rate is high 5. Okuns law illustrate the relationship between:a.the unemployment rate and labour force participate rateb.changes in the unemployment rate and GDP growthc.the inflation rate and the unemployment rate d.the rate of change in the GDP deflator and the CPI 6. represents: a. constant returns to scale b.increasing returns to scale c. decreasing returns to scale d. uncertain7. If the saving function is S= -50+0.2YD,the multiplier will be:a.4b.8c.2d.5 8. A reduction in money demand caused by factors other than a change in income ( or the interest rate) will cause:a. the LM curve to shift to the leftb. the IS curve to shift to the rightc. the IS curve to shift to the leftd.the LM curve to shift to the right 9. Which of the following is not correct: a.the equilibrium real wage is determinated when labor demand equals to labor supply. b. the equilibrium real wage is determinated when MPL=W/P c. the equilibrium real wage is determinated when Revenue - Cost=0. d. the equilibrium real wage is determinated when firms Profit reaches a maximum. 10. In loanable funds market, which of the following will not happen when defense spending increases?a.increase in rb.decrease in Ic.increase in Sd.increase in G11.An increase in money supply will cause which of the following occur in the medium run?a.no change in the real wageb.no change in the outputc.a higher nominal waged.no change in price level12.Which of the following factor does not included in the determination of workers bargaining power? a.How costly it would be for the firm to replace the worker b.the nature of the job c.How hard it would be for the worker to find another job d.workers passion for the job.13. An increase in the marginal propensity to save will tend to cause:a.an increase in the multiplier and a given change in government expenditures to have a smaller effect on equilibrium out put b.a reduction in the multiplier and a given change in government expenditures to have a smaller effect on equilibrium out put c.an increase in the multiplier and a given change in government expenditures to have a greater effect on equilibrium out put d.a reduction in the multiplier and a given change in government expenditures to have a greater effect on equilibrium out put 14. Deflation represents: a.an increase in the aggregate price level. b.a reduction in the aggregate price level.c.a reduction in output. d.an increase in the unemployment rate. 15. Okuns Law indicates that there is an inverse relationship between: a.the level of output and the inflation rate. b.the level of output and value added. c.output growth and unemployment. d.output growth and the inflation rate. Section B: State whether each of the following statement is true, false (10points, 1 point each)1.GDP is the value of the intermediate goods and services produced in the economy during a given period.2.As markets become more competitive ,we know that the PS relation will shift up 3.A reduction in money supply will cause the LM curve to shift to the left but will not affect the AD curve.4.Investment is the sum of nonresidential investment and residential investment.5.The Phillips curve represented a positive relation between inflation and unemployment.6.Equilibrium in the goods market requires that production Y be equal to the demand for goods, Z .7.An increase in the minimum wage may increase not only the minimum wage ,but also wages just above the minimum wage, leading an increase in the average wage W.8.Monetary policy does not affect the IS curve, only the LM curve. For example, an increase in the money supply shifts the LM curve up. 9.An increase in markups decreases the real wage, and leads to an decrease in the natural rate of unemployment.10. An increase in output leads to an increase in the price level.Section C: define the following terms ( 15 points , 5 points each).1. Can you tell me the difference between The labor-force participation rate,employment rate and the rate of job finding.2. Efficiency wage theories 3.the Neutrality of MoneySection D: You are asked to calculate and explain the following questions (15 points ). Consider the following IS-LM model： C = 200 +O.25YDI = 150+0.25Y- 1000iG = 250T = 200(M/P)d = 2Y- 8000iM/P = 1600a. Derive the IS relation.b. Derive the LM relation.c. Solve for equilibrium real output, interes