宏观经济学考试试卷(全英文) (1).doc

长江大学试卷 院（系、部） 专业 班级 姓名 序号 .密封.线.2013 2014学年 第 2 学期宏观经济学Macroeconomics课程考试卷 专业：会计 年级：一 考试方式：开卷 学分：2 考试时间：110分钟题号一二三四五六七总分阅卷人得分得 分Part Interpretation of Terms ( 4 terms, 5 points for each , 20 points in all )1. GDP:2. IS curve:3. Open market operation:4. Liquidity trap得 分Part Single Choice （10 questions，2 points for each, 20 points in all ） 1. One part of the investment expenditure of the firms is to buy new capital goods and machinery for production. It is called ( ) (a)depreciation; (b)consumption ; (c)net investment ; (d)export 2. The overall supply of money is equal to central bank money times the ( ) (a) investment multiplier. (b) tax multiplier. (c) government spending multiplier. (d) money multiplier. 3.In The General Theory, Keynes conjectured that average propensity to consume(APC) falls as ( ) rises. (a) investment; (b)consumption; (c) income; (d)output 4.The consumption function captures the behavior of ( ) (a) consumers; (b)firms; (c)government ; (d)foreign sector 5. If we know the marginal propensity to saving is 0.3, then it means the marginal propensity to consume is ( ) (a)0.6 ; (b)0.7 ; (c)0.8 ; (d)0.9 6. If the government raises spending, the LM curve will ( ) (a) shift to the left. (b) shift to the right. (c) not change . (d) not be certain. 7. The followings are the contents of macroeconomics excluding( ). (a) Measuring the size of the economy. (b) IS-LM model. (c)Cost theory. (d) the theory of national income determination. 8. The value of real GDP is based on the prices of the ( )year.(a) base (b) current (c) base or current (d)last9. According to the Keynesian Cross, national income is determined by ( )(a) price level. (b) supply. (c) demand. (d) above all.10. When the LM curve is ( ), monetary policy fails in affect interest rate and then output.(a)upward. (b) vertical. (c)downward. (d) horizontal.得 分Part Identify the true or false questions （10 questions，1 point for each, 10 points in all）1. A tax cut has direct impact on spending. ( )2. When exports is larger than imports, we say the foreign trade is balance.（ ）3. In Keynesian Cross, the government spending and investment are fixed. ( ) 4. A simultaneous increase in government spending by $1 and lump-sum taxes by $1 will increase a equilibrium income by $1. ( ) 5.If T(tax)G(government spending), the government is running a budget deficit . ( )6. Capital is greatly determined by investment. ( ) 7. A higher nominal GDP of a nation means that the standard of living is better. ( ) 8. Private saving is saving by government . ( )9. National income is a measure of the total flow of earnings of the factor-owners through the production of goods & services. ( ) 10. Investment is the expenditure that all the firms build plants, buy equipments and hold the stocks. ( ) 得 分Part Analysis （3 questions，7 points for each, 21 points in all ）1. Please analyze the factors that influence the slope of LM curve2. Please tell us some uses of National Income Statistics.3. If investment is entirely unresponsive to the interest rate(I=e-dr, d=0), what is the effect of fiscal policy?Graphically.得 分Part Calculation （3questions，9 points for question 1, 10 points for question 2 and 3, 29 points in all）1. Let us assume that a country produced such products as the following, please calculate the real and nominal GDP in the year of 2010 and 2011. The base year is 2010. And tell us the GDP deflator of the year 2010, and 2011. 20102011priceQuantity(million)priceQuantity(million)T-shirt8050090600Watch1706019090Soft -drink63000550002. Assume that in a two-sector economy the consumption function is C=3000+0.8Y, and investment I=1000, please tell us the equilibrium income and the investment multiplier. 3. Assume that the consumption function is C=100+0.8(Y-T),and the investment function is I=300-20r, and the government purchase