宏观经济学chap04习题文档格式.docx

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Answer:

B

Topic:

OriginsandIssuesofMacroeconomics

Skill:

Recognition*

2）

Thescienceofmacroeconomics

solvedtheGreatDepression.

didnotsolvetheGreatDepressionbutkepttheU.S.economyfromsuffering.

emergedduringthedecadeoftheGreatDepression.

didnotevolveuntilafterWorldWarIIsohadnoconnectiontotheGreatDepression.

C

3）

TheyearsoftheGreatDepressionwasatimewhentheunemploymentratewas

lowandtheamountoutputwasgrowingrapidly.

lowandtheamountofoutputwasfalling.

highandtheamountofoutputwasfalling.

highandtheamountofoutputwasgrowingrapidly.

Recognition

4）

In1933,theworstyearoftheGreatDepression,theunemploymentratewas________ofthelaborforce.

5percent

10percent

25percent

70percent

5）

In1933,theworstyearoftheGreatDepression,totalproductionintheUnitedStateswas________its1929level.

identicalto

halfof

20percent

Recognition

6）

In1933,theworstyearoftheGreatDepression,totalproductionintheUnitedStateswas

70percentofits1929level,and25percentofthelaborforcewasunemployed.

25percentofits1929level,and70percentofthelaborforcewasunemployed.

50percentofits1929level,and5percentofthelaborforcewasunemployed.

90percentofits1929level,and5percentofthelaborforcewasunemployed.

A

7）

DuringtheGreatDepression

atonetimetheUnitedStateshadanunemploymentrateof25percent.

theUnitedStatesavoidedanyeconomicdamagethankstomacroeconomics.

JohnMaynardKeynesservedasVicePresidentoftheUnitedStates.

onlytheUnitedStatessuffered.

8）

Theyear1933was

thebestyearfortheUnitedStatesduringtheGreatDepression.

anaverageyearfortheUnitedStateswith2.5percentunemployment.

theendoftheGreatDepressionastheU.S.economygrewby7percent.

theworstyearfortheUnitedStatesduringtheGreatDepressionwithanunemploymentrateof25percent.

D

9）

InTheGeneralTheoryofEmployment,Interest,andMoney,JohnMaynardKeynesarguedthattoeliminateadepressiongovernmentsshouldspend

moretooffsetinsufficientprivatespending.

moretooffsetexcessiveprivatespending.

lesstooffsetexcessiveprivatespending.

lesstooffsetinsufficientprivatespending.

10）

Keynes'

prescriptionforeliminatingtheGreatDepressionrequiredapolicyactionof

additionaltaxesbygovernmenttodecreaseexcessivespendingintheeconomy.

additionalspendingbygovernmenttoincreasetotalspendingintheeconomy.

decreasedspendingbygovernmenttodecreaseexcessivetotalspendingintheeconomy.

decreasedspendingbygovernmenttoincreaseprivatespendingintheeconomy.

11）

JohnMaynardKeynes

servedastheU.S.VicePresidentduringtheGreatDepression.

wroteTheGeneralTheoryofEmployment,InterestandMoney.

opposedthedevelopmentofmacroeconomics.

wasthePrimeMinisterofGreatBritainduringtheGreatDepression.

12）

focusedontheshortterminattemptingtosolvetheGreatDepression..

focusedonthelongterminattemptingtosolvetheGreatDepression.

worriedmostlyaboutlongtermconsequencesofanygovernmentalaction.

warnedagainsttheuseofanyshorttermgovernmentalaction.

13）

InTheGeneralTheoryofEmployment,Interest,andMoney,JohnMaynardKeynesarguedforgovernmentpoliciesthatwouldeliminate

theGreatDepressionandKeynesfocusedprimarilyontheeconomy'

slong-termproblems.

sshort-termproblems.

inflationandKeynesfocusedprimarilyontheeconomy'

Short-TermVersusLong-TermGoals

14）

Duringthe1960sand1970s,themaineconomicproblemsofconcerntopolicymakerswereinflation,________economicgrowth,and________unemploymentrates.

slow;

high

low

high;

15）

Whichofthefollowingareexamplesoflong-termeconomicpolicyissues?

Inflationandrecessions.

Inflationandsloweconomicgrowth.

Persistentunemploymentandcuringadepression.

Sloweconomicgrowthandrecessions.

16）

Whichofthefollowingisalong-runmacroeconomicpolicygoal?

reduceunemployment

increaseinflation

promotesteadygrowth

eliminaterecession

17）

DuringtheGreatDepression,

theunemploymentratewas25percentandthemajorfocusofmacroeconomicsswitchedtoeconomicgrowth.

productivitygrowthincreasedandthefocusofmacroeconomicschangedtobusinesscycles.

theunemploymentratewas25percentandeconomistspaidmoreattentiontostimulatingtotalspending.

JohnMaynardKeynessuggestedthatinflationwasthemajorproblemfacingcapitalistnations.

StudyGuideQuestion,OriginsandIssuesofMacroeconomics

4.2

EconomicGrowthandFluctuations

RealGDPisdefinedas

anincreaseintheaveragelevelofprices.

thevalueoftotalproductionwhentheunemploymentrateis6percent.

thevalueoftotalproductionofallthenation'

sfarms,factories,shopsandofficesmeasuredinthepricesofasingleyear.

sfarms,factories,shopsandofficesmeasuredatthepricesoftheyearitwasproduced.

RealGDP

RealGDPis

thebestmeasurewehavefortotalproduction,thoughitdoeshavesomeflaws.

theworstmeasurewehaveoftotalproductionbecauseitmissesmuchofwhatisproduced.

thebestmeasurewehavefortotalproductionbecauseitdoesn'

tmissanything.

ignoredasameasureoftotalproductionbecauseitisdoesnottakeaccountofinflation.

Recognition*

PotentialGDPis

anothernameforrealGDP.

alwaysdifferentfromrealGDP.

thelevelofGDPnotadjustedforpricechanges.

achievedwhenallfactorsofproductionarefullyemployed.

PotentialGDP

themaximumGDPthataneconomyactuallyachievesthroughoutitsentirehistory.

thelevelofGDPachievedduringperiodswhen100percentofthelaborforceisemployed.

agoalthatcanneverbeachievedbytheeconomy.

thevalueofproductionwhenallthenation'

sresourcesarefullyemployed.

PotentialGDPisthe

thevalueofproductionwithfullyemployedresources.

currentvalueofproductionintheeconomy.

valueofproductionwhentheeconomyisinarecession.

valueofproductionwhentheeconomyisatapeak.

fluctuatesfromyeartoyearbutisalwaysbelowpotentialGDP.

fluctuatesaroundpotentialGDP.

growsataconstant3to4percentperyear.

canbecalledpotentialGDPwhenitisadjustedforpricechanges.

RealandPotentialGDP

Economicgrowthisbestdefinedasthe

rateofgrowthofemployment.

long-runexpansionofthenation'

sproductionpossibilities.

rateofincreaseineconomicproductivity.

business-cyclechangesintotaloutput.

EconomicGrowth

Economicgrowthcanbedescribedasan

increaseintheinflationrate.

increaseinemploymentinthemanufacturingsector.

outwardshiftintheeconomy'

sproductionpossibilityfrontier.

undesirablegoalbecauseitisaccompaniedbysevereinflation.

Economicgrowthinth