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宏观经济学题库
Macroeconomics,10e（Parkin）
Chapter14MonetaryPolicy
1MonetaryPolicyObjectivesandFramework
1）WhichofthefollowingisoneoftheFed'spolicygoals?
A）helpthePresidentwinreelection
B）exchangerate
C）monetarybase
D）pricelevelstability
Answer:
D
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
2）TheFed'sgoalsinclude
A）openmarketoperations.
B）pricelevelstability.
C）themonetarybase.
D）thefederalfundsrate.
Answer:
B
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
3）FederalReservemonetarypolicygoalsinclude
A）ensuringbankscanmeettheirprofitmaximizationobjectives.
B）discountratestability
C）zeropercentunemploymentinthedomesticeconomy.
D）pricelevelstability
Answer:
D
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
4）TheFederalReservemonetarypolicygoalsofmaximumemploymentmeans
A）azeropercentunemploymentrate.
B）azeropercentnaturalunemploymentrate.
C）keepingtheunemploymentrateclosetothenaturalunemploymentrate.
D）cyclicalunemploymentshouldnotnecessarilybeminimized.
Answer:
C
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
5）WhichofthefollowingareNOTFederalReservemonetarypolicygoals?
A）moderatelong-terminterestrates
B）pricelevelstability
C）maximumemployment
D）zeropercentunemployment.
Answer:
D
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
6）Thekeygoalofmonetarypolicyisto
A）reversetheproductivitygrowthslowdown
B）keepthebudgetdeficitsmalland/orthebudgetsurpluslarge.
C）lowertaxes
D）maintainlowinflation
Answer:
D
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
7）Thekeyaimofmonetarypolicyisto
A）changegovernmentspendingtospurinnovation.
B）maintainpricestability
C）changetaxratestoboostinvestment.
D）changetaxratestoboostsaving.
Answer:
B
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
8）WhichofthefollowingisthemostimportantFederalReservemonetarypolicygoal?
A）moderatelong-terminterestrates
B）minimumunemployment.
C）maximumemployment
D）pricelevelstability
Answer:
D
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
9）Intheshortrun,theFederalReservefacesatradeoffbetween
A）economicgrowthandemployment.
B）inflationandpricestability.
C）inflationandunemployment.
D）realGDPgrowthandpotentialGDPgrowth.
Answer:
C
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
10）Intheshortrun,theFederalReservefacesatradeoffbetween
A）economicgrowthandemployment.
B）inflationandpricestability.
C）inflationandrealGDP.
D）interestratesandunemployment.
Answer:
C
Topic:
PolicyGoals
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
11）Thecoreinflationrate,measuredbythecorePCEdeflator,measureschangesinthe
A）priceofonlytwoconsumergoods:
foodandfuel
B）pricesofallconsumergoods
C）pricesofconsumergoodsexceptfoodandfuel.
D）pricesofconsumergoodsexcepthealthcare.
Answer:
C
Topic:
PriceStability
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
12）Todeterminewhetherthegoalofstablepricesisbeingachieved,theFederalReservemonitorsthe________butusesasitsoperationalguidethe________.
A）coreCPI;coreinflationrate
B）coreinflationrate;CPIinflationrate
C）CPI;coreinflationrate
D）GDPpricedeflator;CPI
Answer:
C
Topic:
PriceStability
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
13）BenBernankehasbeenmoreprecisethanhispredecessor,suggestingacoreinflationrateof________peryearisthesameaspricestability.
A）0to1percent
B）0to2percent
C）1to2percent
D）1to4percent
Answer:
C
Topic:
PriceStability
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
14）FederalReserveChairmanBenBernankehasdefinedpricestabilityasoccurringwhencoreinflationis
A）exactly0percent.
B）lessthan10percent.
C）between1and2percent.
D）usedinwage-settingcontracts.
Answer:
C
Topic:
PriceStability
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
15）BenBernankehassuggestedthatacoreinflationrateof________istheequivalentofpricestability.
A）between1percentto2percent
B）zero
C）lessthan5percent.
D）lessthanzero
Answer:
A
Topic:
PriceStability
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
16）Theoutputgapisthe
A）percentagedeviationofrealGDPfrompotentialGDP.
B）differencebetweenactualinflationandcoreinflation.
C）differenceingraduationlevelsbetweenhighschoolandcollege.
D）percentageincreaseintheeconomicgrowthrateofrealGDP.
Answer:
A
Topic:
OutputGap
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
17）Whentheoutputgapispositive,itrepresents________gap,andwhenitisnegative,itrepresents________gap.
A）arecessionary;aninflationary
B）aninflationary;anemployment
C）aninflationary;arecessionary
D）anemployment;anunemployment
Answer:
C
Topic:
OutputGap
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
18）TheoutputgapcanbeusedtoestimatetheextendtowhichtheFedmissesitsgoalof
A）maximumemployment.
B）stableprices.
C）moderatelong-terminterestrates.
D）monetarypolicy.
Answer:
A
Topic:
OutputGap
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
19）Whichofthefollowingbodiesareresponsiblefortheconductofmonetarypolicy?
A）theFederalReserveSystem
B）Congress
C）thePresident
D）CongressandthePresident,jointly
Answer:
A
Topic:
TheFederalReserveSystem
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
20）Monetarypolicyiscontrolledby
A）Congress.
B）thepresident.
C）theFederalReserve.
D）theTreasuryDepartment.
Answer:
C
Topic:
TheFederalReserveSystem
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
21）ThecurrentchairmanoftheFederalReserveis
A）BenBernanke.
B）AlanGreenspan.
C）PaulVolcker.
D）MiltonFriedman.
Answer:
A
Topic:
TheFederalReserveSystem
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
22）TheFederalOpenMarketCommitteemeets________timesperyear.
A）8
B）2
C）26
D）52
Answer:
A
Topic:
TheFederalReserveSystem
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
23）Readthefollowingstatementsanddetermineiftheyaretrueorfalse.
I.TheFederalReserve'smonetarypolicymustbeapprovedbythePresidentoftheUnitedStates.
II.TheFederalReserveBoardofGovernorsmeetsapproximatelyeverysixmonthstoreviewthestateoftheeconomyanddeterminemonetarypolicy.
A）IandIIarebothtrue.
B）IandIIarebothfalse.
C）IistrueandIIisfalse.
D）IisfalseandIIistrue.
Answer:
B
Topic:
TheFederalReserveSystem
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
24）Pricelevelstability
A）hasnorelationshiptogrowthinpotentialGDP.
B）isthoughtbymosteconomiststobereachedwithameasuredinflationrateofbetween0and2percentayear.
C）isthemostimportanttooloftheFederalReserve.
D）wasattainedbytheFedfortheperiodbetween1979and2001.
Answer:
B
Topic:
StudyGuideQuestion,PriceStability
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
2TheConductofMonetaryPolicy
1）WhichofthefollowingarepolicyinstrumentsavailabletotheFedasittriestoachieveitsmacroeconomicgoals?
I.governmentexpendituresongoodsandservicesandtaxes
II.thegovernmentbudgetdeficitorsurplus
III.changesinthefederalfundsrate
A）IandII
B）IIIonly
C）IIandIII
D）IIonly
Answer:
B
Topic:
PolicyInstruments
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
2）WhichofthefollowingisapotentialmonetarypolicyinstrumentfortheFed?
A）federalfundsrate
B）governmentbudgetdeficit
C）incometaxrates
D）profitrates
Answer:
A
Topic:
PolicyInstruments
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
3）ThemonetarypolicyinstrumenttheFederalReservechoosetouseisthe
A）quantityofmoney.
B）exchangerate.
C）federalfundsrate.
D）requiredreservesrate.
Answer:
C
Topic:
PolicyInstruments
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
4）Thefederalfundsrateistheinterestrate
A）bankschargeeachotheronovernightloans.
B）onthe3-monthTreasurybill.
C）onthe30-yeartreasurybond.
D）alsoknownastheprimerate.
Answer:
A
Topic:
PolicyInstruments
Skill:
Recognition
Questionhistory:
Previousedition,Chapter14
AACSB:
ReflectiveThinking
5）CurrentlytheFedtargets
A）boththemonetarybaseandth
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