宏观经济学 双语 练习题Word文档下载推荐.docx

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17.Crowdingout;

18.classicaldichotomy;

19.Structuralunemployment;

20.Reserverequirement;

21.FisherEffect;

22fiscalpolicy;

23.automaticstabilizers;

24.multipliereffect;

25.thetheoryofliquiditypreference;

26.recession;

27.Adverseselection28.depreciate29.Fiatmoney；

30Presentvalue

II.Multiplechoices:

1.Atagivenrealexchangerate,whichofthefollowing,byitself,wouldincreasethesupplyofdollarsinthemarketforforeign-currencyexchange?

a.foreigncitizensbuymoreU.S.bonds

b.U.S.citizensbuymoreforeignbonds

c.foreigncitizensbuymoreU.S.goods

d.U.S.citizensbuymoreforeigngoods

ANS:

B

2．AtypicalworkerinItalycanproduce24unitsofproductinaneight-hourday,whileatypicalworkerinPolandcanproduce25unitsofproductina10-hourday.Wecanconcludethat

a.workerproductivityinPolandishigherthaninItaly.

b.thestandardoflivingwilllikelybehigherinItalythaninPoland.

c.productivityis3unitsperhourforthePolishworkerand21/2unitsperhourfortheItalianworker.

d.therewillbenodifferencebetweenthestandardoflivinginItalyandPoland.

3．WhichofthefollowingstatementsaboutGDPiscorrect?

a.GDPmeasurestwothingsatonce:

thetotalincomeofeveryoneintheeconomyandtheunemploymentrate.

b.Moneycontinuouslyflowsfromhouseholdstogovernmentandthenbacktohouseholds,andGDPmeasuresthisflowofmoney.

c.GDPistoanation’seconomyashouseholdincomeistoahousehold.

d.Alloftheabovearecorrect.

C

4．Ifthemultiplieris2.5,theMPCis

a.0.2.

b.0.6.

c.0.75.

d.1.00.

5．WhentheFedlowersthegrowthrateofthemoneysupply,itmusttakeintoaccount

a.onlytheshort-runeffectonproduction.

b.onlytheshort-runeffectsoninflationandproduction.

c.onlythelong-runeffectoninflation.

d.thelong-runeffectoninflationaswellastheshort-runeffectonproduction.

D

6．WhichofthefollowingtransactionsaddstoU.S.GDPfor2006?

a.In2006,Ashleysellsacarthatsheboughtin2002toWilliamfor$5,000.

b.AnAmericanmanagementconsultantworksinMexicoduringthesummerof2006andearnstheequivalentof$30,000duringthattime.

c.WhenJohnandJenniferwerebothsingle,theylivedinseparateapartmentsandeachpaid$750inrent.JohnandJennifergotmarriedin2006andtheyboughtahousethat,accordingtoreliableestimates,couldberentedfor$1,600permonth.

d.NoneoftheabovetransactionsaddstoGDPfor2006.

7．Thefivedebatesovermacroeconomicpolicyexistmostlybecause

a.economistsdisagreeoverbasicissuessuchastheimportanceofsavingforeconomicgrowth.

b.therearetradeoffsandpeopledisagreeaboutthebestwaytodealwiththem.

c.politiciansoffermisleadinginformation.

d.peoplefailtoclearlyseethebenefitsorthecostsofmostchanges.

8．Ahigherrateofreturnonsavinghas

a.anincomeeffectthatdiscouragessavingandasubstitutioneffectthatencouragessaving.

b.anincomeeffectthatencouragessavingandasubstitutioneffectthatdiscouragessaving.

c.incomeandsubstitutioneffectsthatbothdecreasesaving.

d.incomeandsubstitutioneffectsthatbothincreasesaving.

A

9．Inaparticularcountryin1995,theaverageworkerneededtowork25hourstoproduce40unitsofoutput.Inthatsamecountryin2005,theaverageworkerneededtowork40hourstoproduce68unitsofoutput.Inthatcountry,theproductivityoftheaverageworker

a.decreasedby1.7percentbetween1995and2005.

b.remainedunchangedbetween1995and2005.

c.increasedby4.75percentbetween1995and2005.

d.increasedby6.25percentbetween1995and2005.

10．Householdspendingoneducationisincludedin

a.consumption,althoughitmightbearguedthatitwouldfitbetterininvestment.

b.investment,althoughitmightbearguedthatitwouldfitbetterinconsumption.

c.governmentspending,basedonthefactthatmosthigher-educationstudentsattendpublicly-supportedcollegesanduniversities.

d.Noneoftheaboveiscorrect;

ingeneral,householdspendingonservicesisnotincludedinanycomponentofGDP.

Table1

PricesandQuantities

Year

Priceof

Sandwiches

Quantityof

Magazines

2006

$4.00

100

$2.00

180

2007

$5.00

120

$2.50

200

2008

$6.00

150

$3.50

11.RefertoTable1.Using2006asthebaseyear,for2007,

a.realGDPis$880andtheGDPdeflatoris80.

b.realGDPis$880andtheGDPdeflatoris125.

c.realGDPis$950andtheGDPdeflatoris95.

d.realGDPis$950andtheGDPdeflatoris116.

12.ThemarketbasketusedtocalculatetheCPIinAquiloniais4loavesofbread,6gallonsofmilk,2shirtsand2pants.In2005,breadcost$1.00perloaf,milkcost$1.50pergallon,shirtscost$6.00eachandpantscost$10.00perpair.In2006,breadcost$1.50perloaf,milkcost$2.00pergallon,shirtscost$7.00eachandpantscost$12.00perpair.Using2005asthebaseyear,whatwasAquilonia’sinflationratein2006?

a.30percent

b.24.4percent

c.21.6percent

d.Itisimpossibletodeterminewithoutknowingthebaseyear.

13.IntheUnitedStates,ifthepriceofimportedoilrisessothatthepriceofgasolineandheatingoilrisethe

a.GDPdeflatorrisesmuchmorethandoestheconsumerpriceindex.

b.consumerpriceindexrisesmuchmorethandoestheGDPdeflator.

c.GDPdeflatorandtheconsumerpriceindexrisebyaboutthesameamount.

d.consumerpriceindexrisesslightlymorethandoestheGDPdeflator.

14.Youknowthatacandybarcostfivecentsin1962.YoualsoknowtheCPIfor1962andtheCPIfortoday.Whichofthefollowingwouldyouusetocomputethepriceofthecandybarintoday'

sprices?

a.fivecents×

（1962CPI/today'

sCPI）

b.fivecents×

（1962CPI/（today'

sCPI-1962CPI））

c.fivecents×

（today'

sCPI/1962CPI）

d.fivecents×

today'

sCPI-fivecents×

1962CPI.

15．GDPisdefinedasthemarketvalueofallfinalgoodsandservicesproduced

a.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;

thisdefinitionfocusesonGDPasameasureoftotalincome.

b.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;

thisdefinitionfocusesonGDPasameasureoftotalexpenditure.

c.withinacountryinagivenperiodoftime;

d.withinacountryinagivenperiodoftime;

16．Supposethereareonlytwofirmsinaneconomy:

Cowhide,Inc.producesleatherandsellsittoCouches,Inc.,whichproducesandsellsleatherfurniture.Witheach$1,000ofleatherthatitbuysfromCowhide,Inc.,Couches,Inc.producesacouchandsellsitfor$2,000.Neitherfirmhadanyinventoryatthebeginningof2006.Duringthatyear,Cowhideproducedenoughleatherfor20couches.Couches,Inc.bought80%ofthatleatherfor$16,000andpromisedtobuytheremaining20%for$4,000in2007.Couches,Inc.produced16couchesduring2006andsoldeachoneduringthatyearfor$2,000.Whatwastheeconomy'

sGDPfortheyear?

a.$32,000

b.$36,000

c.$40,000

d.$52,000

17．ConsidertwoitemsthatmightbeincludedinGDP:

（1）Theestimatedrentalvalueofowner-occupiedhousing;

and

（2）purchasesofnewly-constructedhomes.HowarethesetwoitemsaccountedforwhenGDPiscalculated?

a.Bothitem

（1）anditem

（2）areincludedintheconsumptioncomponentofGDP.

b.Item

（1）isincludedintheconsumptioncomponent,whileitem

（2）isincludedintheinvestmentcomponent.

c.Item

（1）isincludedintheinvestmentcomponent,whileitem

（2）isincludedintheconsumptioncomponent.

d.Onlyitem

（2）isincludedinGDPanditisincludedintheinvestmentcomponent.

18.Supposethenominalinterestrateis6percentandtheexpectedinflationrateis4percent.

a.Thedollarvalueofsavingsincreasesby10percentandthevalueofsavingsmeasuredingoodsisexpectedtoincreaseby6percent

b.Thedollarvalueofsavingsincreasesby10percentandthevalueofsavingsmeasuredingoodsisexpectedtoincreaseby4percent

c.Thedollarvalueofsavingsincreasesby6percentandthevalueofsavingsingoodsisexpectedtoincreaseby4percent

d.Thedollarvalueofsavingsincreasesby6percentandthevalueofsavingsingoodsisexpectedtoincreaseby2percent

19.Whichofthefollowingiscorrect?

a.AlthoughlevelsofrealGDPperpersonvarysubstantiallyfromcountrytocountry,thegrowthrateofrealGDPperpersonissimilaracrosscountries.

b.Productivityisnotcloselylinkedtogovernmentpolicies.

c.ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.

d.ProductivitymaybemeasuredbythegrowthrateofrealGDPperperson.

20．Ifthereareconstantreturnstoscale,theproductionfunctioncanbewrittenas

a.xY=2xAF（L,K,H,N）.

b.Y/L=AF（xL,xK,xH,xN）.

c.Y/L=AF（1,K/L,H/L,N/L）.

d.L=AF（Y,K,H,N）.

21．Whichofthefollowingitemsiscountedaspartofgovernmentpurchases?

a.Thefederalgovernmentpays$2,000inSocialSecuritybenefitstoaretired