Chapter11宏观经济学原理弗兰克版题库.docx
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Chapter11宏观经济学原理弗兰克版题库
Chapter11
Student:
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1.
Theassumptionthatfirmsmeetthedemandfortheirproductsatpresetpricesisthekeyassumptionuponwhich______isbuilt.
A.
thebasicKeynesianmodel
B.
Okun’sLaw
C.
thesupplyanddemandmodel
D.
quantityequationformoney
2.
ThebasicKeynesianmodelisbuiltonthekeyassumptionthat:
A.
menucostsarenotsignificant.
B.
firmsmeetthedemandfortheirproductsatpresetprices.
C.
firmspricetheirproductssoastoseeapresetquantityofoutput.
D.
pricesarepreventedfromchangingfrequentlybygovernmentregulations.
3.
Supposethattheownerofalocalicecreamstore,knowingthatdemandforicecreamishigherwhentheweatheriswarmer,alwayschargesapriceincentsforascoopoficecreamthatisequaltotwotimesthecurrentoutdoortemperature,measuredinFahrenheit（sothatifitis90degreesoutside,theicecreamis$1.80perscoop）.Thistypeofbehavioris______.
A.
exactlythetypeofbehaviorthatKeynesbelievedmostfirmsexhibit.
B.
knownasmeetingdemand.
C.
inconsistentwiththekeyassumptionuponwhichthebasicKeynesianmodelisbuilt.
D.
freefrommenucosts.
4.
IntheKeynesianmodel,itisassumedthat,whendemandforafirm'sproductchanges,thefirm:
A.
changespricestomeetthedemand.
B.
changesproductionlevelstomeetthedemand.
C.
changespricesandproductionlevelstomeetdemand.
D.
changesprices,butholdsproductionlevelsconstant,tomeetthedemand.
5.
Thedecisionaboutwhethertochangepricesfrequentlyorinfrequentlyisanapplicationofthe:
A.
principleofcomparativeadvantage.
B.
scarcityprinciple.
C.
principleofincreasingopportunitycost.
D.
cost-benefitprinciple.
6.
Menucostsarethecostsof:
A.
runningarestaurant.
B.
changingprices.
C.
increasingaggregatedemand.
D.
changingproduction.
7.
Firmsdonotchangepricesfrequentlybecause:
A.
therearelegalprohibitionsagainstdoingso.
B.
itiseasiertochangethequantityofcapitalusedinproduction.
C.
itiscostlytodoso.
D.
customerswillrefusetopatronizefirmsthatchangepricesfrequently.
8.
Plannedaggregateexpenditureistotal:
A.
valueaddedintheeconomy.
B.
plannedspendingonfinalgoodsandservices.
C.
incomeofhouseholds,businesses,governments,andforeigners.
D.
revenuefromthesaleofgoodsandservices.
9.
Thefourcomponentsofplannedaggregateexpenditureare:
A.
spendingondomesticgoods,domesticservices,foreigngoods,andforeignservices.
B.
spendingondurablegoods,inventoryinvestment,governmentdebt,andnetexports.
C.
consumption,plannedinvestment,governmenttransfers,andnetinterest.
D.
consumption,plannedinvestment,governmentpurchases,andnetexports
10.
Allofthefollowingwouldbeincludedinplannedaggregateexpenditureexcept:
A.
spendingonconsumerdurables.
B.
plannedchangesininventories.
C.
salesofdomesticallyproducedgoodstoforeigners.
D.
interestpaidonthegovernmentdebt.
11.
Allofthefollowingwouldbeincludedinplannedaggregateexpenditureexcept:
A.
purchasesofservicesprovidedbygovernmentemployees.
B.
plannedchangesininventories.
C.
salestoforeignersofdomestically-producedgoods.
D.
socialsecuritypayments.
12.
Plannedinvestmentmaydifferfromactualinvestmentbecauseof:
A.
changesingovernmentpurchasesandnetexports.
B.
themarginalpropensitytoconsume.
C.
unplannedchangesininventories.
D.
fluctuationsinpresetprices
13.
Iffirmsselllessthanexpected,actualinvestmentincreasesbecause_____,whichiscountedasinvestment.
A.
theunsoldgoodsareaddedtoinventory
B.
thegovernmentbuystheunsoldgoods
C.
theunsoldgoodsaredistributedtopoorhouseholds
D.
householdsbuytheunsoldgoodsarebargainprices
14.
InthebasicKeynesianmodelallofthefollowingaretrueexcept:
A.
plannedconsumptionalwaysequalsactualconsumption.
B.
plannedinvestmentalwaysequalsactualinvestment.
C.
plannedgovernmentspendingalwaysequalsactualgovernmentspending.
D.
plannednetexportsalwaysequalactualnetexports.
15.
Dave'sMirrorCompanyexpectstosell$1,000,000worthofmirrorsandtoproduce$1,250,00
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