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