经济学原理对应练习--35.doc

经济学原理对应练习--35.doc

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Chapter35/TheShort-RunTrade-offbetweenInflationandUnemploymentv1469

Chapter35

TheShort-RunTrade-offbetweenInflationandUnemployment

MultipleChoice

1. Closelywatchedindicatorssuchastheinflationrateandunemploymentarereleasedeachmonthbythe

a. BureauoftheBudget.

b. BureauofLaborStatistics.

c. DepartmentoftheTreasury.

d. President'sCouncilofEconomicAdvisors.

ANS:

B PTS:

1 DIF:

1 REF:

35-1

TOP:

BureauofLaborStatistics MSC:

Definitional

2. Themiseryindexiscalculatedasthe

a. inflationrateplustheunemploymentrate.

b. unemploymentrateminustheinflationrate.

c. actualinflationrateminustheexpectedinflationrate.

d. naturalunemploymentrateplusthelong-runinflationrate.

ANS:

A PTS:

1 DIF:

1 REF:

35-1

TOP:

Miseryindex MSC:

Definitional

3. Themiseryindexissupposedtomeasurethe

a. socialcostofunemployment.

b. healthoftheeconomy.

c. lostoutputassociatedwithaparticularunemploymentrate.

d. short-runtradeoffbetweeninflationandunemployment.

ANS:

B PTS:

1 DIF:

1 REF:

35-1

TOP:

Miseryindex MSC:

Definitional

4. Onedeterminantofthenaturalrateofunemploymentisthe

a. rateofgrowthofthemoneysupply.

b. minimumwagerate.

c. expectedinflationrate.

d. Alloftheabovearecorrect.

ANS:

B PTS:

1 DIF:

1 REF:

35-1

TOP:

Naturalrateofunemployment MSC:

Definitional

5. Onedeterminantofthelong-runaverageunemploymentrateisthe

a. marketpowerofunions,whiletheinflationratedependsprimarilyupongovernmentspending.

b. minimumwage,whiletheinflationratedependsprimarilyuponthemoneysupplygrowthrate.

c. rateofgrowthofthemoneysupply,whiletheinflationratedependsprimarilyuponthemarketpowerofunions.

d. existenceofefficiencywages,whiletheinflationratedependsprimarilyupontheextenttowhichfirmsarecompetitive.

ANS:

B PTS:

1 DIF:

1 REF:

35-1

TOP:

Long-runPhillipscurve MSC:

Interpretive

6. Inthelongrun,theinflationratedependsprimarilyon

a. theabilityofunionstoraisewages.

b. governmentspending.

c. themoneysupplygrowthrate.

d. themonopolypoweroffirms.

ANS:

C PTS:

1 DIF:

2 REF:

35-1

TOP:

Inflation MSC:

Definitional

7. Inthelongrun,

a. thenaturalrateofunemploymentdependsprimarilyonthelevelofaggregatedemand.

b. inflationdependsprimarilyuponthemoneysupplygrowthrate.

c. thereisatradeoffbetweentheinflationrateandthenaturalrateofunemployment.

d. Alloftheabovearecorrect.

ANS:

B PTS:

1 DIF:

2 REF:

35-1

TOP:

Long-runPhillipscurve MSC:

Interpretive

8. Thereisa

a. short-runtradeoffbetweeninflationandunemployment.

b. short-runtradeoffbetweentheactualunemploymentrateandthenaturalrateofunemployment.

c. long-runtradeoffbetweeninflationandunemployment.

d. long-runtradeoffbetweentheactualunemploymentrateandthenaturalrateofunemployment.

ANS:

A PTS:

1 DIF:

1 REF:

35-1

TOP:

Phillipscurve MSC:

Definitional

9. Ifpolicymakersdecreaseaggregatedemand,thepricelevel

a. falls,butunemploymentrises.

b. andunemploymentfall.

c. andunemploymentrise.

d. rises,butunemploymentfalls.

ANS:

A PTS:

1 DIF:

1 REF:

35-1

TOP:

Short-runPhillipscurve|Contractionarypolicy MSC:

Analytical

10. Ifpolicymakersincreaseaggregatedemand,thepricelevel

a. falls,butunemploymentrises.

b. andunemploymentfall.

c. andunemploymentrise.

d. rises,butunemploymentfalls.

ANS:

D PTS:

1 DIF:

1 REF:

35-1

TOP:

Short-runPhillipscurve|Expansionarypolicy MSC:

Analytical

11. Intheshortrun,policythatchangesaggregatedemandchanges

a. bothunemploymentandthepricelevel.

b. neitherunemploymentnorthepricelevel.

c. onlyunemployment.

d. onlythepricelevel.

ANS:

A PTS:

1 DIF:

1 REF:

35-1

TOP:

Short-runequilibrium MSC:

Applicative

12. Ifthegovernmentraisesgovernmentexpenditures,intheshortrun,prices

a. riseandunemploymentfalls.

b. fallandunemploymentrises.

c. andunemploymentrise.

d. andunemploymentfall.

ANS:

A PTS:

1 DIF:

2 REF:

35-1

TOP:

Fiscalpolicy MSC:

Analytical

13. Ifthecentralbankincreasesthemoneysupply,intheshortrun,prices

a. riseandunemploymentfalls.

b. fallandunemploymentrises.

c. andunemploymentrise.

d. andunemploymentfall.

ANS:

A PTS:

1 DIF:

2 REF:

35-1

TOP:

Expansionarypolicy MSC:

Analytical

14. Unemploymentwoulddecreaseandpricesincreaseif

a. aggregatedemandshiftedright.

b. aggregatedemandshiftedleft.

c. aggregatesupplyshiftedright.

d. aggregatesupplyshiftedleft.

ANS:

A PTS:

1 DIF:

2 REF:

35-1

TOP:

Short-runequilibrium MSC:

Applicative

15. Ifpolicymakersexpandaggregatedemand,theninthelongrun

a. priceswillbehigherandunemploymentwillbelower.

b. priceswillbehigherandunemploymentwillbeunchanged.

c. pricesandunemploymentwillbeunchanged.

d. Noneoftheaboveiscorrect.

ANS:

B PTS:

1 D