在线网课知慧《国际金融学(外交学院)-需手动修改》单元测试考核答案

注：不含问答题第一章单元测试第二章单元测试第三章单元测试第四章单元测试第五章单元测试第六章单元测试第七章单元测试第八章单元测试第九章单元测试第十章单元测试第十一章单元测试第十二章单元测试第一章单元测试1【判断题】Currencycrashesarefairlycommoneventsinhistory.（）A.错B.对2【判断题】Theworldasawholeisaclosedeconomy.（）A.对B.错3【单选题】(2分)“Animalspirits”mean________forcesinfinancialmarkets.()A.rationalB.NaturalC.exorbitantD.Irrational4【单选题】(2分)Fromaglobalperspective,thosecountriesrunningsurpluses_______moneytothosecountriesrunningdeficits.()A.makeB.lendC.SaveD.borrow5.【多选题】正确答案：BCDThere’resuchfactorsthatbroughtaboutglobalizationas_________（）。A.SpecializationB.lowertransportationcostsC.telecommunicationtechnologyadvancementD.therelaxationofbankandcapitalmarketregulation6【判断题】Inanopeneconomy,domesticpolicychoicescanhaveimpactonothercountries.()A.对B.错第二章单元测试1【判断题】WehavenowayofknowingexactlyhowtoallocatethediscrepancyamongBOPaccounts.()A.错B.对2【单选题】(2分)Everyinternationaltransactionautomaticallyentersthebalanceofpayments.()A.onceeitherasacreditorasadebit.B.twice,bothtimesasdebit.C.twice,onceasacreditandonceasadebit.D.onceasacredit.3【单选题】(2分)AnAmericanbuysaJapanesecar,payingbywritingacheckonanaccountwithabankinNewYork.Howwouldthisbeaccountedforinthebalanceofpayments?()A.acurrentaccountasaU.S.goodimportandafinancialaccount,aU.S.assetexportB.currentaccount,aJapanesegoodimportC.currentaccount,aU.S.goodimportD.financialaccount,aU.S.assetexport4【单选题】(2分)TheUnitedStatesissuesa$10,000debtforgivenesstoArgentina.Howisthisaccountedforinthebalanceofpayments?()A.currentaccount,ArgentinatransferpaymentB.financialaccount,U.S.assetexportC.currentaccount,ArgentinagoodimportD.financialaccount,U.S.assetimport第三章单元测试1【单选题】(2分)AnexampleofhowGNPaccountsforservicesprovidedbyforeign-ownedcapital(andGDPdoesnot)is()A.earningsofaSpanishfactorywithBritishownerscountsonlyinBritain'sGNP.B.earningsofaSpanishfactorycountsinSpain'sGNPbutarepartofBritain'sGDP.C.earningsofaSpanishfactorywithBritishownerscountsonlyinSpain'sGDP.D.earningsofaSpanishfactorycountsinSpain'sGDPbutarepartofBritain'sGNP.2【单选题】(2分)Netunilateraltransfers________.()A.OnlyAandCB.arepartofanationalincome.C.mustbeaddedtoNNPincalculationsofnationalincome.D.arepartofacountry'sproduct.3【单选题】(2分)Inopeneconomies,_______.()A.savingandinvestmentarenecessarilyequal.B.investmentalwaysreferstothedomesticstockmarket.C.asinaclosedeconomy,savingandinvestmentarenotnecessarilyequal.D.savingandinvestmentarenotnecessarilyequalastheyareinaclosedeconomy.4【单选题】(2分)Whichofthefollowingis对?()A.Acountrywithacurrentaccountdeficitmustbeincreasingitsnetforeigndebtsbytheamountofthedeficit.B.Acountrywithacurrentaccountsurplusisearningmorefromitsexportsthanitspendsonimports.C.Alloftheaboveare对ofcurrentaccountbalances.D.Acountrycouldfinanceacurrentaccountdeficitbyusingpreviouslyaccumulatedforeignwealthtopayforitsimports.5【单选题】(2分)Anopeneconomy,_______.()A.cansavebyavoidingexcessiveimports.B.cannotsaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.C.cansaveonlybyacquiringforeignwealth.D.cansaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.6【单选题】(2分)Acentralbank'sinternationalreservesconsistsofitsholdingsof______.()A.foreignanddomesticcurrencyholdingsB.domesticassetsandpreciousmetals.C.foreignassets,goldandpositiononIMFD.silverandgold.第四章单元测试2【判断题】Theliquidityseekersismoreinformedaboutthemarketthantheprofitseekersintheforexmarket.()A.错B.对5【单选题】(2分)SupposeyouboughtaRMB-NDFcontracttobuyonemillionRMBinoneyear.Theforwardexchangerateis$1=¥6.5100,andatmaturitydatethespotrateis$1=¥6.7053.Howmuchisyourprofitholdingzerotransactioncost?()A.-$4474.07B.¥195300C.$4474.07D.-¥1953006【判断题】Thebasecurrencyisalsothequotecurrency.()A.错B.对7【判断题】ForaFrenchinvestor,Europeantermsaredirectquotes.()A.对B.错8【单选题】(2分)SupposethespotrateisJ¥118.27/$andthe3-monthsforwardrateisJ¥116.84/$,whatistheforwardpremiumonJapanesesYen?()A.2.04%B.19.6%C.-4.9%D.4.90%9【单选题】(2分)Anappreciationofacountry'scurrency_________.()A.decreasestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.B.lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.C.raisestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.D.raisestherelativepriceofitsexportsandraisestherelativepriceofitsimports.10.【多选题】正确答案：ACDWhatarethe“bigthree”pairsofcurrencyinglobalforexmarkets?（）A.USD/JPYB.EUR/JYPC.USD/EURD.USD/GBP11【判断题】Onepipin$/£exchangerateis0.0001.()A.错B.对第五章单元测试1【单选题】(2分)Theactionofarbitrageis______.()A.theprocessofbuyingandsellingcurrencyatthesameprice.B.theprocessofsellingcurrencyatdifferentpricesindifferentmarkets.C.theprocessofbuyingacurrencycheapandsellingitdear.D.theprocessofbuyingacurrencyandholdingontoittotakeitoffthemarket.2【单选题】(2分)Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.10pereuro,nextyear'sexpectedexchangerateis$1.166pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()A.15%B.10%C.-1%D.11%3【单选题】(2分)WhichoneofthefollowingstatementsistheMOSTaccurate?()A.Sincedollarandyeninterestratesaremeasuredincomparableterms,theymovequitethesameovertime.B.Sincedollarandyeninterestratesaremeasuredincomparableterms,theycanmovequitedifferentlyovertime.C.Sincedollarandyeninterestratesaremeasuredincomparableterms,theystillmovequitedifferentlyovertime.D.Sincedollarandyeninterestratesarenotmeasuredincomparableterms,theycanmovequitedifferentlyovertime.4【单选题】(2分)Supposethattheone-yearforwardpriceofeurosintermsofdollarsisequalto$1.113pereuro.Further,assumethatthespotexchangerateis$1.05pereuro,andtheinterestrateondollardepositsis10percentandoneuroitis4percent.Undertheseassumptions,_______.()A.interestparitydoesnothold.B.interestparitydoeshold.C.itishardtotellwhetherinterestparitydoesordoesnothold.D.Notenoughinformationisgiventoanswerthequestion.5【单选题】(2分)Thecoveredinterestrateparityconditioncanbestatedasfollows:Theinterestrateondollardepositsequalstheinterestrateoneurodeposits________theforward________ondollarsagainsteuros.()A.plus;discountB.plus;premiumC.minus;discountD.times;premiumdata-v-8324538e="data-v-8324538e=""class="examPaper_subjectmt20data-v-8324538e=""9227508776data-v-8324538e=""class="subject_type_describefldata-v-8324538e=""class="subject_type_annex<spandata-v-8324538e=""class="subject_type<spandata-v-8324538e="【问答题】<spandata-v-8324538e="(2分)data-v-8324538e=""class="subject_describedata-v-8324538e="Whatarethethreefactorsthataffectthedemandforforeigncurrency?data-v-8324538e=""class="images-wrap"style="display:none;data-v-8324538e=""class="subject_nodemt10data-v-63660d54=""data-v-8324538e="<brdata-v-8324538e="data-v-8324538e=""class="stuAswBox7【单选题】(2分)Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.167pereuro,nextyear'sexpectedexchangerateis$1.10pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()A.-1%B.10%C.0%D.11%第六章单元测试1【单选题】(2分)Ifthereisinitiallyan_______.()A.excesssupplyofmoney,theinterestratewillfall,andifthereisinitiallyanexcessdemand,itwillrise.B.excesssupplyofmoney,theinterestratewillfall,andifthereisalsoanexcessdemand,itwillfallrapidly.C.excesssupplyofmoney,theinterestratewillrise,andifthereisinitiallyanexcessdemand,itwillfall.D.excesssupplyofmoney,theinterestratewillrise,andifthereisalsoanexcessdemand,itwillriserapidly.2【单选题】(2分)Theaggregatedemandformoneycanbeexpressedby______.()A.Md=P×Y(R,L).B.Md=P×L(R,Y).C.Md=R×L(P,Y).D.Md=L×P(R,Y).3【单选题】(2分)Areductioninacountry'smoneysupplycauses_____.()A.itscurrencytoappreciateintheforeignexchangemarket.B.affectsothercountriescurrencyintheforeignmarket.C.doesaffectitscurrencyintheforeignmarketinanambiguousmanor.D.doesnotaffectitscurrencyintheforeignmarket.4【单选题】(2分)Asustainedchangeinthemonetarygrowthratewill______.()A.eventuallyaffectequilibriumrealmoneybalancesbyreducingthemoneyinterestrate.B.eventuallyaffectequilibriumnominalmoneybalancesbyraisingthemoneyinterestrate.C.eventuallyaffectequilibriumrealmoneybalancesbyraisingthemoneyinterestrate.D.eventuallyaffectequilibriumrealmoneybalancesbyraisingtherealinterestrate.5【判断题】TheaggregaterealmoneydemandscheduleL(R,Y)slopesdownwardbecauseafallintheinterestratereducesthedesiredrealmoneyholdingsofeachhouseholdandfirmintheeconomy.()A.错B.对第七章单元测试1【单选题】(2分)WhichofthefollowingstatementsistheMOSTaccurate?()A.RelativePPPisonlyvalidwhenabsolutePPPisvalid,providingthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.B.RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableoverdifferentcommoditiesspace.C.AbsolutePPPmaybevalidevenwhenrelativePPPisnot,providedthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.D.RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableovertime.2【判断题】Ifthelawofonepriceholds对foreverycommodity,PPPmustautomaticallyholdaslongasthereferencebasketsusedtoreckondifferentcountries'pricelevelsarethesame.()A.对B.错data-v-8324538e="data-v-8324538e=""class="examPaper_subjectmt20data-v-8324538e=""9227507763data-v-8324538e=""class="subject_type_describefldata-v-8324538e=""class="subject_type_annex<spandata-v-8324538e=""class="subject_type<spandata-v-8324538e="【问答题】<spandata-v-8324538e="(2分)data-v-8324538e=""class="subject_describedata-v-8324538e="SupposeRussia'sinflationrateis200%overoneyearbuttheinflationrateinSwitzerlandisonly2%.AccordingtorelativePPP,whatshouldhappenovertheyeartotheSwissfranc'sexchangerateagainsttheRussianruble?data-v-8324538e=""class="images-wrap"style="display:none;data-v-8324538e=""class="subject_nodemt10data-v-63660d54=""data-v-8324538e="<brdata-v-8324538e="data-v-8324538e=""class="stuAswBox4【判断题】Themonetaryapproachtotheexchangerateisalongruntheory.()A.错B.对5【单选题】(2分)Underthemonetaryapproachtoexchangeratetheory,moneysupplygrowthataconstantrate_______.()A.eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedoaffectthefull-employmentoutputlevelandthelong-runrelativepricesofgoodsandservices.B.eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.C.eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevel,onlythelong-runrelativepricesofgoodsandservices.D.eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.6【判断题】Ingeneral,underthemonetaryapproachtotheexchangerate,whilethelong-runinterestratedoesnotdependontheabsolutelevelofthemoneysupply,continuinggrowthinthemoneysupplyeventuallywillaffecttheinterestrate.（）A.对B.错7【单选题】(2分)IfpeopleexpectrelativePPPtohold,______.()A.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpectedinEuropeandtheUnitedStates,respectively.B.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillbebelowthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively.C.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,intheUnitedStatesandEurope,respectively,overtherelevanthorizon.D.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively,intheshortrun.9【单选题】(2分)Thedomesticcurrencypriceofarepresentativeforeignexpenditurebasketis_______.()A.P,thedomesticpricelevel.B.P*timesE,theforeignpriceleveltimesthenominalexchangerate.C.E,thenominalexchangerate.D.P*,theforeignpricelevel.10【单选题】(2分)UnderPurchasingPowerParity,_______.（）A.E$/£=PUS+PUKB.E$/£=PEU/PUKC.E$/£=PUS/PUKD.E$/£=PUS-PUK第八章单元测试1【单选题】(2分)WhichoneofthefollowingstatementsisMOSTaccurate?()A.Ingeneral,consumptiondemandrisesbythesameamountasdisposableincomerises.B.Ingeneral,consumptiondemandrisesbymorethanincome.C.Ingeneral,consumptiondemandrisesbymorethandisposableincome.D.Ingeneral,consumptiondemandrisesbylessthandisposableincome.2【单选题】(2分)Whathaveweassumedwhenweconcludethatarealdepreciationofthecurrencyimprovesthecurrentaccount?()A.ThevolumeeffectoutweighstheB.AllelseequalandthevolumeeffectequalstheC.AllelseequalandtheD.AllelseequalandthevolumeeffectoutweighstheA.outputandexportsB.foreignpricesandtheexchangerateC.importsandexportsD.outputandtheexchangerate4【单选题】(2分)WhichofthefollowingdoesNOTaffectthepositionoftheDDcurve?c()A.pricelevelsB.taxesC.monetarypolicyD.governmentspending5【单选题】(2分)Intheshort-run,atemporaryincreaseinthemoneysupply_____.()A.shiftstheAAcurvetotheright,increasesoutputanddepreciatesthecurrency.B.shiftstheAAcurvetotheright,increasesoutputandappreciatesthecurrency.C.shiftstheAAcurvetotheleft,increasesoutputanddepreciatesthecurrency.D.shiftstheAAcurvetotheleft,decreasesoutputanddepreciatesthecurrency.6【单选题】(2分)WhichoneofthefollowingstatementsistheMOSTaccurate?（)A.Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofforeigncurrency,allelseequal.B.Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.C.Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.D.Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyadepreciationofdomesticcurrency,allelseequal.7【单选题】(2分)ImaginethattheeconomyisatapointthatisabovebothAAandDD,whereboththeoutputandassetmarketsareoutofequilibrium.Whichfirstactionis对?（)A.TheAA-DDequilibriumwillshifttothepositionoftheeconomy.B.TheexchangeratewillfirstmovelefttoapositionontheAAschedule.C.TheexchangeratewillfirstmovetoapointontheDDschedule.D.TheexchangeratewillfirstdroptoapointontheAAschedule.8【单选题】(2分)Whichofthefollowinghavetobeinequilibriumfortheeconomytobeinequilibrium?（)A.thegoodsmarketonlyB.thesavingsandinvestmentmarketsC.themoneymarketonlyD.theoutputandassetmarkets9【单选题】(2分)Apermanentfiscalexpansion______.()A.shiftstheDDtotherightandtheAAscheduletotheleft,leavingoutputthesame.B.shiftstheDDandtheAAschedulestotheright,decreasingoutput.C.shiftstheDDandtheAAschedulestotheright,increasingoutput.D.shiftstheDDtotheleftandtheAAscheduletotheleft,decreasingoutput.E.shiftstheDDandtheAAschedulestotheleft,leavingoutputthesame.10【单选题】(2分)Thepercentbywhichimportpricesrisewhenthehomecurrencydepreciatesby1%isthedegreeof______.()A.roll-forwardfromexchangeratestoimportprices.B.pass-beyondfromexchangeratestoimportprices.C.pass-onfromexchangeratestoimportprices.D.pass-throughfromexchangeratestoimportprices.11【单选题】(2分)OneimplicationofanempiricalinvestigationoftheMarshall-Lernerconditionisthat,inthe________,areal________inanation'scurrencyislikelyto________thecountry'scurrentaccountbalance.()A.long-run;appreciation;improveB.short-run;appreciation;improveC.short-run;depreciation;improveD.long-run;depreciation;improve12【判断题】AnydisturbancethatraisesaggregatedemandfordomesticoutputshiftstheDDscheduletotheright.()A.对B.错13【判断题】TheAA-curvehasanegativeslopebecauseanincreaseinYwillcauseEtofall(adomesticcurrencyappreciation).()A.对B.错15【单选题】(2分)economystartsinlong-runequilibrium,apermanentfiscalexpansionwillcause______.()A.adecreaseinoutput,Y.B.anincreaseinexchangerate,E.C.adecreaseinexchangerate,E.D.anincreaseinoutput,Y.第九章单元测试3【判断题】style=";text-align:justify;text-justify:inter-ideographAnycentralbankpurchaseofassets<emautomatically</emresultsinanincreaseinthedomesticmoneysupply,whileanycentralbanksaleofassetsdoesnotnecessarilyaffectthemoneysupply.()A.对B.错4【判断题】style=";text-align:justify;text-justify:inter-ideographIfcentralbanksarenotsterilizingandthehomecountryhasabalanceofpaymentssurplus,anyassociatedincreaseinthehomecentralbank'sforeignassetimpliesanincreasedhomemoneysupply.()A.对B.错7【单选题】(2分)Whendomesticandforeigncurrencybondsareimperfectsubstitutes,thedomesticinterestrate(R)canbewrittenas______.()A.R=R*+(Ee-E)/E+ρB.R=R*-(Ee-E)/EC.R=R*-(Ee-E)/E+ρD.R=R*-(Ee-E)ρ第十章单元测试1【单选题】(2分)Byinternalbalance,mosteconomistsmean______.()A.pricestabilityB.fullemploymentC.fullemploymentandhighdisposableincomeD.fullemploymentandpricestability2【单选题】(2分)Byexternalbalance,mosteconomistsmean______.()A.whatamountstofixedexchangeratesB.imbalanceininternaltransactionsC.avoidingexcessiveimbalancesininternationalpaymentsD.balancebetweenthetradeandserviceaccounts3【单选题】(2分)Acurrentaccountdeficit______.()A.willposeaproblembecausethecountryisborrowingfundsfromtherestoftheworldthatitwon'tbeabletopaybacklater.B.willnotposeaproblem,especiallyifitisaccompaniedbyanexpansionaryfiscalpolicy.C.maystillposeaproblem,eveniftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojects.D.mayposenoproblemiftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojectsthatpayforthemselveswiththerevenuetheygenerateinthefuture.4【单选题】(2分)Governmentsprefertoavoidexcessivecurrentaccountsurplusesbecause______.()A.domesticsavingsincreasewithmoreinvestmentabroad.B.thereturnstodomesticsavingsaremoredifficulttotaxthanthoseonassetsabroad.C.anadditiontothehomecapitalstockmayincreasedomesticunemploymentandthereforeleadtohighernationalincome.D.anadditiontothehomecapitalstockmayreducedomesticunemploymentandthereforeleadtohighernationalincome.5【单选题】(2分)Undertheprice-specie-flowmechanism,whathappenswhen,say,Germany'scurrentaccountsurplusisgreaterthanitsnon-reservecapitalaccountdeficits?()A.GermanloanswillfinanceallforeignnetimportsB.AutomaticdropinGermandomesticpricesandriseinforeignpricesC.GoldreserveswillflowintoGermanyD.Germanywillexperienceadeficit6【单选题】(2分)The"rulesofthegame"underthegoldstandardcanbestbedescribedaswhichofthefollowing:()A.sellingforeignassetsinadeficitandbuyingforeignassetsinasurplusB.sellingdomesticassetsinadeficitandbuyingassetsinasurplusC.slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandardD.sellingdomesticassetsinasurplusE.sellingdomesticassetsinordertoaccumulategold7【单选题】(2分)Themainpolicygoalforacountryaccordingtothemercantilistsis_____.()A.tocreateacontinuingsurplusinthebalanceofpayments.B.tocreatespecieoverflows.C.tocreateacontinuingdeficitinthebalanceofpayments.D.tocreateaone-timedeficitinthebalanceofpayments.8【单选题】(2分)UntiltheUnitedStatesCivilWar,TheUnitesStateshada______.()A.bimetallicmonetarystandardconsistingofsilverandgold.B.gold-basedmonetarystandard.C.silver-basedmonetarystandard.D.bimetallicmonetarystandardconsistingofcopperandgold.9【单选题】(2分)Theprice-specie-flowmechanism_______.()A.isanautomaticmechanismforassuringinternalbalanceunderfloatingexchangerates.B.isanautomaticmechanismforassuringexternalbalanceunderfloatingexchangerates.C.isanautomaticmechanismforassuringexternalbalanceunderthegoldstandard.D.isanautomaticmechanismforassuringinternalbalanceundermercantilism.10【单选题】(2分)Apolicyof"beggar-thy-neighbor"isapolicythat_______.()A.oftenbenefitsforeigncountryintheshortrunB.doesnotoftenbenefitsanycountryinthelongrunC.oftenbenefitsthehomecountryinthelongrunD.oftenbenefitstheforeigncountryinthelongrun11【单选题】(2分)Aconvertiblecurrencyisacurrencythatmaybefreelyexchangedfor______.()A.nationalcurrency.B.foreigncurrencies.C.onlycopper.D.onlysilver.14【单选题】(2分)Adevaluationofthehomecurrency______.()A.makesforeigngoodsandservicescheaperrelativetothosesoldathome.B.increasesdemandfordomesticgoodsandservices.C.makesdomesticgoodsandservicesmoreexpensiverelativetothosesoldabroad.D.increasesoutputandmakesdomesticgoodsandservicescheaperrelativetothosesoldabroad.15【单选题】(2分)Anexpenditure-changingpolicy_______.()A.altersthedirectionoftheeconomy'stotaldemandforgoodsandservices.B.affectsaggregatesupplybutnotaggregatedemand.C.hasnoeffectonaggregatedemand.D.alterstheleveloftheeconomy'stotaldemandforgoodsandservices.19【单选题】(2分)TheconfidenceproblemoftheBrettonWoodssystemsarticulatedbyRobertTriffinrefersto______.()A.producerfearofrisingwages.B.thelackofconvertibilityofgoldintosilver.C.theunwillingnessofcentralbankstoaccumulatecurrencyforfearofnotbeingabletoconvertittogoldincasearunonthebanksoccurs.D.consumerfearofstockmarketinstability.20【单选题】(2分)AdvocatesoffloatingratesuggesteditisfavorableforeconomiesforallofthefollowingreasonsEXCEPT______.()A.itgiveseverycountrytheopportunitytoguideitsownmonetaryconditionsathome.B.itautomaticallymatchesthedomesticinflationwithongoingforeigninflation.C.ithelpsstabilizetheshockeffectonunemploymentincaseofeconomicchangessuchasfallinexportdemand.D.itbringstheLRexchangeratetothelevelpredictedbyPPPwithoutgovernmentpolicydecisions.21【单选题】(2分)Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates______.()A.nocountrywouldbeforcedtoimportinflationanddeflationfromabroad.B.flexibleexchangeratesarenotabletohaltimportinginflationfromabroad.C.flexibleexchangeratesarenotabletohaltimportingdeflationfromabroad.D.nocountrywouldbeforcedtoimportonlydeflationfromabroad.22【单选题】(2分)Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates,acurrency_______.()A.depreciationcausebydecreasingthemoneysupplywouldnoteffectunemployment,butwouldincreasetherelativepriceofdomesticproducts.B.depreciationcausedbyincreasingthemoneysupplywouldincreaseunemploymentbyloweringtherelativepriceofdomesticproducts.C.depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyincreasingtherelativepriceofdomesticproducts.D.depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyloweringtherelativepriceofdomesticproducts.23【单选题】(2分)FederalReserveChairmanVolcker'spolicytofightinflation_______.()A.ledtothe1981-1983recession,butwasultimatelysuccessful.B.wasperfectlycomplementedbyReagan'sdecreaseinfiscalspending.C.ledtothe1981-1983recession,butdidnotendhighinflationduetobeggar-thy-neighboreffects.D.ledtothe1981-1983recessionandforetoldtheeconomicdownturninthemid-1990s.24【单选题】(2分)TheDDscheduleshows_______.()A.exchangerateandoutputpairsforwhichaggregatedemandisgreaterthanaggregateoutput.B.interestrateandoutputpairsforwhichaggregatesupplyequalsaggregateoutput.C.exchangerateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.2D.interestrateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.25【单选题】(2分)TheAAscheduleshows________.()A.Exchangerateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.B.Exchangerateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.C.Interestrateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.D.Interestrateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.26【单选题】(2分)Underfixedexchangerate,theresponseofaneconomytoatemporaryfallinforeigndemandforitsexportsis______.()A.thecurrencydepreciates,andoutputfalls.B.thecurrencyappreciates,andoutputfalls.C.thecurrencydepreciates,andoutputremainsconstant.D.thecurrencyremainsthesame,andoutputdecreases.27【单选题】(2分)Undertheflexibleexchangerate,loweringthepriceofaforeigncurrencywill______.()A.causeahomepriceincreasetobeexportedtotheforeignmarkets.B.preventaforeignpriceincreasefromcausingdeflationathome.C.allowtheexpansionofmonetarypolicywithoutcausinginflation.D.causea"beggar-thy-neighbor"effect.28【单选题】(2分)Themechanismbehindtheinflation