08宏观经济学(曼昆-第6版-配套习题Word文档下载推荐.doc

08宏观经济学(曼昆-第6版-配套习题Word文档下载推荐.doc

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d. changeinthepriceofaspecificcommodity.

ANSWER:

b. percentagechangeintheconsumerpriceindex.

TYPE:

MDIFFICULTY:

1SECTION:

17.0

2. Overthelast60yearstheaverageannualU.S.inflationratewasabout

a. 2percent.

b. 3percent.

c. 5percent.

d. 7percent.

c. 5percent.

3. Overthelast60yearstheaverageannualU.S.inflationratewasabout

a. 3percentimplyingthatpriceshaveincreased12-fold.

b. 5percentimplyingthatpriceshaveincreased12-fold

c. 3percentimplyingthatpriceshaveincreased18-fold.

d. 5percentimplyingthatpricesincreasedabout18-fold.

d. 5percentimplyingthatpricesincreasedabout18-fold.

4. Whenpricesarefalling,economistssaythatthereis

a. disinflation.

b. deflation.

c. acontraction.

d. aninvertedinflation.

b. deflation.

5. WhichofthefollowingstatementsaboutU.S.inflationisfalse?

a. LowinflationwasviewedasatriumphofPresidentCarter'

seconomicpolicy.

b. Therewerelongperiodsinthenineteenthcenturyduringwhichpricesfell.

c. TheU.S.publichasviewedinflationofeven7percentasamajoreconomicproblem.

d. TheU.S.inflationratehasvariedovertime,butinternationaldatashowsevenmorevariation.

a. LowinflationwasviewedasatriumphofPresidentCarter'

6. WhichofthefollowingconcerningthehistoryofU.S.inflationisfalse?

a. Pricesroseatanaverageannualrateofabout5percentoverthelast60years.

b. Therewasaboutan18-foldincreaseinthepriceleveloverthelast60years.

c. Inflationinthe1970swasbelowtheaverageoverthelast60years.

d. TheUnitedStateshasexperiencedperiodsofdeflation.

c. Inflationinthe1970swasbelowtheaverageoverthelast60years.

7. Therewashyperinflation

a. during1880–1896intheUnitedStates.

b. inpost–WorldWarIGermany.

c. duringthe1970sintheUnitedStates.

d. Alloftheabovearecorrect.

b. inpost–WorldWarIGermany.

8. Whichofthefollowingeventsinpost–WorldWarIGermanylikelycontributedtotheriseofNazismandWorldWarII?

a. deflationthatproveddetrimentaltofarmers

b. anaversiontoinflationbypolicymakersthatkeptwagesstagnant

c. anunexpecteddropininflationthathurtborrowers

d. anextraordinarilyhighrateofinflation

d. anextraordinarilyhighrateofinflation

9. Theclassicaltheoryofinflation

a. isalsoknownasthequantitytheoryofmoney.

b. wasdevelopedbysomeoftheearliesteconomicthinkers.

c. isusedbymostmoderneconomiststoexplainthelong-rundeterminantsoftheinflationrate.

d. Alloftheabovearecorrect.

10. Thequantitytheoryofmoney

a. isafairlyrecentadditiontoeconomictheory.

b. canexplainbothmoderateandhyperinflations.

c. arguesthatinflationiscausedbytoolittlemoneyintheeconomy.

b. canexplainbothmoderateandhyperinflations.

11. Economistsallagreethat

a. neitherhighinflationnormoderateinflationisverycostly.

b. bothhighandmoderateinflationarequitecostly.

c. highinflationiscostly,butdisagreeaboutthecostsofmoderateinflation.

d. moderateinflationisascostlyashighinflation.

c. highinflationiscostly,butdisagreeaboutthecostsofmoderateinflation.

12. Whenthepricelevelfalls,thenumberofdollarsneededtobuyarepresentativebasketofgoods

a. increases,sothevalueofmoneyrises.

b. increases,sothevalueofmoneyfalls.

c. decreases,sothevalueofmoneyrises.

d. decreases,sothevalueofmoneyfalls.

c. decreases,sothevalueofmoneyrises.

17.1

13. Whenthevalueofmoneyrises,thenumberofdollarsneededtobuyarepresentativebasketofgoods

a. increases,andsothepricelevelrises.

b. increases,andsothepricelevelfalls.

c. decreases,andsothepricelevelrises.

d. decreases,andsothepricelevelfalls.

d. decreases,andsothepricelevelfalls.

2SECTION:

14. Whenthenumberofdollarsneededtobuyarepresentativebasketofgoodsfalls,thevalueofmoney

a. ris