宏观经济学期末考试试卷1附答案

1、得分一、选择题（每小题1分，共30分）评卷人1. Thegovernmentreportsthat"GDPincreasedby1.6percentinthelastquarter."ThisstatementmeansthatGDPincreaseda. by6.4percentfortheyear.b. atanannualrateof6.4percentduringthelastquarter.c. atanannualrateof1.6percentduringthelastquarter.d. atanannualrateof.4percentduringthel

2、astquarter.2. ABraziliancompanyproducessoccerballsintheUnitedStatesandexportsallofthem.Ifthepriceofthesoccerballsincreases,theGDPdeflatora. andtheCPIbothincrease.b. isunchangedandtheCPIincreases.c. increasesandtheCPIisunchanged.d. andtheCPIareunchanged.3. ThepriceofCDplayersincreasesdramatically,cau

3、singa1percentincreaseintheCPI.ThepriceincreasewillmostlikelycausetheGDPdeflatortoincreasebya. morethan1percent.b. lessthan1percent.c. 1percent.d. Itisimpossibletomakeaninformedguesswithoutmoreinformation.4. Anation'sstandardoflivingismeasuredbyitsa. realGDP.b. realGDPperperson.c. nominalGDP.d. n

4、ominalGDPperperson.5. In2002PresidentBushimposedrestrictionsonimportsofsteeltoprotecttheU.S.steelindustry.a. Thisisaninward-orientedpolicywhichmosteconomistsbelievehaveadverseeffectsongrowth.b. Thisisaninward-orientedpolicywhichmosteconomistsbelievehavebeneficialeffectsongrowth.c. Thisisanoutward-or

5、ientedpolicywhichmosteconomistsbelievehaveadverseeffectsongrowth.d. Thisisanoutward-orientedpolicywhichmosteconomistsbelievehavebeneficialeffectsongrowth.6. Generallywheneconomistsandthetexttalkofthe"interestrate,"theyaretalkingaboutthea. realinterestrate.b. currentnominalinterestrate.c. r

6、ealinterestrateminustheinflationrate.d. equilibriumnominalinterestrate.7. Anincreaseinthebudgetdeficita. makesinvestmentspendingfall.b. makesinvestmentspendingrise.c. doesnotaffectinvestmentspending.d. mayincrease,decrease,ornotaffectinvestmentspending.8. NorneCorporationisconsideringbuildinganewpla

7、nt.Itwillcostthem$1milliontodaytobuilditanditwillgeneraterevenuesof$1,121millionthreeyearsfromtoday.Oftheinterestratesbelow,whichisthehighestinterestrateatwhichNornewouldstillbewillingtobuildtheplant?a. 3percentb. 3.5percentc. 4percentd. 4.5percent9. Recententrantsintothelaborforceaccountforabouta.

8、1/2ofthosewhoareunemployed.Spellsofunemploymentendabout1/5ofthetimewithpeopleleavingthelaborforce.b. 1/3ofthosewhoareunemployed.Spellsofunemploymentendabout1/2ofthetimewithpeopleleavingthelaborforce.c. 1/4ofthosewhoareunemployed.Spellsofunemploymentendabout1/2ofthetimewithpeopleleavingthelaborforce.

9、d. 1/4ofthosewhoareunemployed.Spellsofunemploymentendabout1/5ofthetimewithpeopleleavingthelaborforce10. Whichofthefollowingbestillustratestheunitofaccountfunctionofmoney?a. YoulistpricesforcandysoldonyourWebsite,indollars.b. YoupayforyourWNBAticketswithdollars.c. Youkeep$10inyourbackpackforemergenci

10、es.d. Noneoftheaboveiscorrect.11. CurrentU.S.currencyisa. fiatmoneywithintrinsicvalue.b. fiatmoneywithnointrinsicvalue.c. commoditymoneywithintrinsicvalue.d. commoditymoneywithnointrinsicvalue.12. VelocityinthecountryofShemisalwaysstable.In2002,themoneysupplywas$200billionandtheGDPpricedeflatorwasfo

11、urtimesashighasitwasinthebaseyear.In2003,themoneysupplyincreasedto$240billion,thepricelevelincreasedby15percent,andnominalGDPequaled$1,200billion.ByhowmuchdidrealGDPincreasebetween2002and2003?a. 20percentb. 4.35percentc. 2.17percentd. Thereisnotenoughinformationtoanswerthequestion.13. Shoeleathercos

12、tsrefertoa. thecostofmorefrequentpricechangesinducedbyhigherinflation.b. thedistortioninresourceallocationcreatedbydistortionsinrelativepricesduetoinflation.c. resourcesusedtomaintainlowermoneyholdingswheninflationishigh.d. thedistortioninincentivescreatedbyinflationbytaxesthatdonotadjustforinflatio

13、n.14. Internationaltradea. raisesthestandardoflivinginalltradingcountries.b. lowersthestandardoflivinginalltradingcountries.c. leavesthestandardoflivingunchanged.d. raisesthestandardoflivingforimportingcountriesandlowersitforexportingcountries.15. WhichofthefollowingwouldbeU.S.foreignportfolioinvest

14、ment?a. DisneybuildsanewamusementparknearRome,Italy.b. YoureconomicsprofessorbuysstockincompanieslocatedinEasternEuropeancountries.c. ADutchhotelchainopensanewhotelintheUnitedStates.d. AcitizenofSingaporebuysabondissuedbyaU.S.corporation.16. AVenezuelanfirmpurchasesearth-movingequipmentfromaU.S.comp

15、anyandpaysforitwithdomesticcurrency.Thistransactiona. increasesU.S.netexports,andincreasesVenezuelannetcapitaloutflow.b. increasesU.S.netexports,anddecreasesVenezuelannetcapitaloutflow.c. decreasesU.S.netexports,andincreasesVenezuelannetcapitaloutflow.d. decreasesU.S.netexports,anddecreasesVenezuela

16、nnetcapitaloutflow.17. Attheequilibriuminterestrateintheopeneconomymacroeconomicmodel,theamountthatpeoplewanttosaveequalsthedesiredquantityofa. netcapitaloutflow.b. domesticinvestment.c. netcapitaloutflowplusdomesticinvestment.d. foreigncurrencysupplied.18. Inanopeneconomy,a. netcapitaloutflow=impor

17、ts.b. netcapitaloutflow=netexports.c. netcapitaloutflow=exports.d. Noneoftheaboveiscorrect.19. Intheopen-economymacroeconomicmodel,therealexchangerateisdeterminedinthemarketwheredollarsareexchangedforforeigncurrencybytheequalityofthesupplyofdollars,whichcomesfroma. U.S.nationalsavingandthedemandford

18、ollarsforU.S.netexports.b. U.S.netcapitaloutflowandthedemandfordollarsforU.S.netexports.c. domesticinvestmentandthedemandforU.S.netexports.d. foreigndemandforU.S.goodsandU.S.demandforforeigngoods.20. Ifagovernmentincreasesitsbudgetdeficit,theninterestratesa. riseandthetradebalancemovestowardsurplus.

19、b. riseandthetradebalancemovestowarddeficit.c. fallandthetradebalancemovestowardsurplus.d. fallandthetradebalancemovestowarddeficit.21. Investmentspendingdecreaseswhenthepricelevela. risescausinginterestratestorise.b. risescausinginterestratestofall.c. fallscausinginterestratestorise.d. fallscausing

20、interestratestofall.22. AnincreaseinthepricelevelandadecreaseinrealGDPintheshortruncouldbecreatedbya. anincreaseinthemoneysupply.b. anincreaseingovernmentexpenditures.c. afallinstockprices.d. badweatherinfarmstates.23. WhichpartofrealGDPfluctuatesmostoverthecourseofthebusinesscycle?a. consumptionb.

21、governmentexpendituresc. investmentd. netexports24. Accordingtoliquiditypreferencetheory,thepricelevelandinterestratearea. positivelyrelatedasaretheinterestrateandaggregatedemand.b. inverselyrelatedasaretheinterestrateandaggregatedemand.c. positivelyrelatedwhiletheinterestrateandaggregatedemandarein

22、verselyrelated.d. inverselyrelatedwhiletheinterestrateandaggregatedemandarepositivelyrelated.25. Whichofthefollowingshiftsaggregatedemandtotheright?a. anincreaseinthepricelevelb. anincreaseinthemoneysupplyc. adecreaseinthepriceleveld. adecreaseinthemoneysupply26. IftheFedconductsopen-marketsales,the

23、moneysupplya. increasesandaggregatedemandshiftsright.b. increasesandaggregatedemandshiftsleft.c. decreasesandaggregatedemandshiftsright.d. decreasesandaggregatedemandshiftsleft.27. Someeconomistsarguethata. monetarypolicyshouldactivelybeusedtostabilizetheeconomy.b. fiscalpolicyshouldactivelybeusedto

24、stabilizetheeconomy.c. fiscalpolicycanbeusedtoshifttheADcurve.d. Alloftheabovearecorrect.28. Thelagproblemassociatedwithmonetarypolicyisduemostlytoa. thefactthatbusinessfirmsmakeinvestmentplansfarinadvance.b. thepoliticalsystemofchecksandbalancesthatslowsdowntheprocessofdeterminingmonetarypolicy.c.

25、thetimeittakesforchangesingovernmentspendingtoaffecttheinterestrate.d. Alloftheabovearecorrect.29. A.W.Phillips'findingswerebasedondataa. from1861-1957fortheUnitedKingdom.b. from1861-1957fortheUnitedStates.c. mostlyfromthepost-WorldWarIIperiodintheUnitedKingdom.d. mostlyfromthepost-WorldWarIIper

26、iodintheUnitedStates.30. Whichofthefollowingistrueconcerningthelong-runPhillipscurve?a. Itspositionisdeterminedprimarilybymonetaryfactors.b. Ifitshiftsright,long-runaggregatesupplyshiftsright.c. Itcannotbechangedbyanygovernmentpolicy.d. itspositiondependsonthenaturalrateofunemployment.specificfirmsa

27、ndindustries.44. Ifspeculatorsbidupthevalueofthedollarinthemarketforforeign-currencyexchange,aggregatedemandwouldshifttotheleft.45. Inresponsetoadecreaseinoutputtheeconomywouldreverttoitsoriginallevelofpricesandoutputwhetherthedecreaseinoutputwascausedbyadecreaseinaggregatedemandoradecreaseinaggrega

28、tesupply.46. JohnMaynardKeynesadvocatedpoliciesthatwouldincreaseaggregatedemandasawaytodecreaseunemploymentcausedbyrecessions.47. Anincreaseinthemoneysupplyshiftstheaggregatesupplycurveright.48. Unemploymentinsuranceandwelfareprogramsworkasautomaticstabilizers.49. Inthelongrun,theinflationratedepend

29、sprimarilyonmoneysupplygrowth.50. Althoughmonetarypolicycannotreducethenaturalrateofunemployment,othertypesofpoliciescan.得分四、简答题（8题中任选6题；每小题5分，共30分）评卷人56.CompareandcontrastthepopulationtheoriesofMalthusandKremer.57.Usingagraphrepresentingthemarketforloanablefunds,showandexplainwhathappenstointerestr

30、atesandinvestmentifagovernmentgoesfromadeficittoasurplus.得分二、判断题（每小题1分，共20分）评卷人31. ThegovernmentcomponentofGDPincludessalariespaidtoArmygeneralsbutnotSocialSecuritybenefitstotheelderly.32. AnincreaseinthesavingratedoesnotpermanentlyincreasesthegrowthrateofrealGDPperperson.33. Intenyearswhenyouarethe

31、ownerofamajorU.S.corporation,ifyourcorporationopensandoperatesabranchinaforeigncountryyouwillbeengaginginforeigndirectinvestment.34. Corporationsreceivenoproceedsfromtheresaleoftheirstock.35. Accordingtotheruleof70,ifyouearnaninterestrateof3.5percent,yoursavingswilldoubleaboutevery20years.36. Theval

32、ueofastockdependsontheabilityofthecompanytogeneratedividendsandtheexpectedpriceofthestockwhenthestockholdersellshershares.37. Aminimumwageaboveequilibriumcreatesalaborsurplus.38. Accordingtothetheoryofefficiencywages,firmsoperatemoreefficientlyiftheycanpaywagesthatarebelowtheequilibriumlevel.39. The

33、useofmoneyallowstradetoberoundabout.40. Thequantitytheoryofmoneycanexplainhyperinflationsbutnotmoderateinflation.41. Ineveryeconomy,nationalsavingequalsdomesticinvestmentplusnetcapitaloutflow.42. Intheopen-economymacroeconomicmodel,netexportsrepresentthequantityofdollarsdemandedintheforeign-currency

34、exchangemarket.43. Althoughtradepoliciesdonotaffectacountry'soveralltradebalance,theydoaffect得分三、名词解释（每小题2分，共10分）评卷人51. catch-upeffect:52. depreciation:53. capitalflight:54. recession:55. automaticstabilizers:PresidentRooseveltproclaimedthatThanksgivingwouldfallaweekearlierthanusualsothattheshop

35、pingperiodbeforeChristmaswouldbelonger.Explainthisdecision,usingthemodelofaggregatedemandandaggregatesupply.58. WhichtwooftheTenPrinciplesofEconomicsimplythattheFedcanprofoundlyaffecttheeconomy?59. TheU.S.TreasuryDepartmentissuesinflation-indexedbonds.Whatareinflation-indexedbondsandwhyaretheyimport

36、ant?60. Makealistofthingsthatwouldshiftthelong-runaggregatesupplycurvetotheright.61. Illustratetheclassicalanalysisofgrowthandinflationwithaggregatedemandandlong-runaggregatesupplycurves.62. HowdoesareductioninthemoneysupplybytheFedmakeowningstockslessattractive?得分评卷人63. Whyandinwhatwayarefiscalpoli

37、cylagsdifferentfrommonetarypolicylags?五、讨论题（2题中任选1题；每小题10分，共10宏观经济学答题纸分）64. Supposegovernmentspends$3billiontobuypolicecars.Explainwhyaggregatedemandmightincreasebymorethan$3billion.Explainwhyaggregatedemandmightincreasebylessthan$3billion.题号一二三四五总分得分65. In1939,withtheU.S.economynotyetfullyrecovered

38、fromtheGreatDepression,得分一、选择题（每小题1分，共30分）52.depreciation评卷人..9.10.53.capitalflight:9.30.54.recession:得分二、判断题（正确用“T”；错误用“F”；每小题1分，共20分）评卷人9.50.得分三、名词解释（每小题2分，共10分）评卷人51.catch-u

39、peffect:55.automaticstabilizers:得分四、简答题（8题中任选6题；每小题5分，共30分；答题时请标明题号）评卷人得分评卷人五、讨论题（2题中任选1题；每小题10分，共10分；答题时请标明题号）宏观经济学试卷彩考答案1. c2.c3.d4.b5.a6.a7.a8.b9.b10.a11.b12.b13.c14.a15.b16.b17.c18.b19.b20.b21.a22.d23.c24.c25.b26.d27.d28.a29.a3O.d31.T32.T33.T34.T35.T36.T37.T38.F39.T40.F41.T42.T43.T44.T45.F46.T47

40、.F48.T49.T50.T51.thepropertywherebycontriesthatstartoffpoortendtogrowmorerapidlythancountriesthatstartoffrich.52. adecreaseinthevalueofacurrencyasmeasuredbytheamountofforeigncurrencyitcanbuy.53. alargeandsuddenreductioninthedemandforassetslocatedinacountry.54. aperiodofdecliningrealincomesandrisingu

41、nemployment.55. changesinfiscalpolicythatstimulateaggregatedemandwhentheeconomygoesintoarecessionwithoutpolicymakershavingtotakeanydeliberateaction.56. ThedifferenceisthatMalthuspredictedthatpopulationgrowthwouldbegreaterthangrowthintheabilitytoincreaseoutput.Hebelievedthatpeoplewouldcontinuetopopul

42、atetheearthuntiloutputreachedasubsistencelevel.OntheotherhandKremerarguesthatpopulationgrowthincreasedproductivityallowingpeopletoimprovetheirstandardoflivingdespitegrowingpopulation.Kremerarguesthatwithmorepopulationcomesmoreinnovations.Theimprovementsintechnologymorethanoffsetanyadverseimpactofthe

43、increaseinpopulationonthestandardofliving.57. Asshowninthegraphbelow,theeconomystartsinequilibriumatpointE0withinterestrater0andequilibriumquantityofsavingandinvestmentatq0.Ifthegovernmentsucceedsinobtainingasurplus,therewillbemorepublicsavingintheeconomyateachinterestrate,andthesupplyofloanablefund

44、scurvewillshiftfromS0toS1.ThenewequilibriumwillbeatE1,withalowerinterestrate,r1andahigherquantityofsavingandinvestment,q1.Hence,ifthefederalgovernmentsucceedsinhavingasurplus,interestrateswillfallandinvestmentwillincrease.MarketforLoanableFundsOutputTheyareimportantbecausetheyprovideasafe,inflation-

45、proofassetforsaversandtheymayallowtheTreasurytoborrowmoreeasilyatalowercurrentcost.60.Examplesinthetext(orvariations)includeincreasedimmigration,adecreaseintheminimumwage,moregenerousunemploymentinsurance,anincreaseinthecapitalstock,anincreaseintheaveragelevelofeducation,adiscoveryofnewmineraldeposits,technology,andremovalofbarrierstointernationaltrade.61.Seegraph.PriceLevelOvertimetechnologicaladvancescausethelong-runaggregatesupplycurvetoshiftright.Increasesinthemoneysupplycausetheag