经济学原理对应练习--36Word文件下载.doc

经济学原理对应练习--36Word文件下载.doc

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d. neitheraggregatedemandnoraggregatesupply.

ANS:

C PTS:

1 DIF:

1 REF:

36-1

TOP:

Aggregatedemand MSC:

Applicative

2. Inthefallof2005,consumersindicatedthattheywerelessoptimisticaboutthefutureoftheeconomy.Thischangeinsentimentwouldlikely

a. shiftaggregatedemandleft.

b. decreaseoutput.

c. increaseunemployment.

d. Alloftheabovearecorrect.

D PTS:

Stabilizationpolicy MSC:

Analytical

3. Ifaggregatedemandshiftsbecauseofawaveirrationalexuberance,thosewhofavorleanagainstthewindpolicywouldadvocatethe

a. federalreserveincreasethemoneysupplyorthegovernmentincreasetaxes.

b. federalreserveincreasethemoneysupplyorthegovernmentdecreasetaxes.

c. federalreservedecreasethemoneysupplyorthegovernmentincreasetaxes.

d. federalreservedecreasethemoneysupplyorthegovernmentdecreasetaxes.

2 REF:

4. "

Leaningagainstthewind"

isexemplifiedbya

a. taxcutwhenthereisarecession.

b. decreaseinthemoneysupplywhenthereisarecession.

c. decreaseingovernmentexpenditureswhenthereisarecession.

A PTS:

5. "

a. taxincreasewhenthereisarecession.

b. decreaseinthemoneysupplywhenthereisanexpansion.

B PTS:

Interpretive

6. PresidentGeorgeW.Bushandcongresscuttaxesandraisedgovernmentexpendituresin2003.Accordingtotheaggregatesupplyandaggregatedemandmodel

a. boththetaxcutandtheincreaseingovernmentexpenditureswouldtendtoincreaseoutput.

b. onlythetaxcutwouldtendtoincreaseoutput.

c. onlytheincreaseingovernmentexpenditureswouldtendtoincreaseoutput.

d. neitherthetaxcutnortheincreaseingovernmentexpenditureswouldtendtoincreaseoutput.

Stabilizationpolicy|Aggregatedemand MSC:

7. PresidentGeorgeW.Bushandcongresscuttaxesandraisedgovernmentexpendituresin2003.Whichofthefollowingisnotcorrect?

a. Atthetimetheeconomywasjustmovingintoarecession.

b. Whiletherewassubsequentimprovementineconomicperformance,it’snotentirelyclearthatthiswasduetothepolicy.

c. Ingeneralmonetarypolicycanbeimplementedfasterthanfiscalpolicy.

d. Ingeneralitiseasiertoreversemonetarypolicythantoreversefiscalpolicy.

8. Policymakersfollowinga"

leanagainstthewind"

policywould

a. increasegovernmentexpenditureswhenoutputislowanddecreasethemwhenoutputishigh.

b. increasegovernmentexpenditureswhenoutputislowanddonothingwhenoutputishigh.

c. decreasegovernmentexpenditureswhenoutputislowandincreasethemwhenoutputishigh.

d. decreasegovernmentexpenditureswhenoutputishighanddonothingwhenoutputislow.

Stabilizationpolicy|Policylags MSC:

Definitional

9. Iftheunemploymentraterises,whichpolicieswouldbeappropriatetoreduceit?

a. increasethemoneysupply,increasetaxes

b. increasethemoneysupply,cuttaxes

c. decreasethemoneysupply,increasetaxes

d. decreasethemoneysupply,cuttaxes

10. TheFederalReservewilltendtotightenmonetarypolicywhen

a. interestratesarerisingtoorapidly.

b. itthinkstheunemploymentrateistoohigh.

c. thegrowthrateofrealGDPisquitesluggish.

d. itthinksinflationistoohightoday,orwillbecometoohighinthefuture.

Monetarypolicy MSC:

11. Iffirmswerefacedwithgreateruncertaintybecauseofconcernthatoilpricesmightrise,theymightdecreaseexpendituresoncapital.Inresponsetothischange,someonewhoadvocated"

policiesmightadvocate

a. decreasingthemoneysupply.

b. increasingtaxes.

c. increasinggovernmentexpenditures.

d. Noneoftheaboveiscorrect.

12. Thosewhodesirethatpolicymakersstabilizetheeconomywouldadvocatewhichofthefollowingwhenaggregatedemandisinsufficienttoensurefullemployment?

a. decreasethemoneysupply

b. decreasetaxes