曼昆《经济学原理》宏观第五版测试题库33.docx

曼昆《经济学原理》宏观第五版测试题库33.docx

《曼昆《经济学原理》宏观第五版测试题库33.docx》由会员分享，可在线阅读，更多相关《曼昆《经济学原理》宏观第五版测试题库33.docx（125页珍藏版）》请在冰豆网上搜索。

曼昆《经济学原理》宏观第五版测试题库33

Chapter33

AggregateDemandandAggregateSupply

TRUE/FALSE

1.Accordingtoclassicalmacroeconomictheory,changesinthemoneysupplychangenominalbutnotrealvariables.

ANS:

TDIF:

1REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

ClassicaleconomicsMSC:

Definitional

2.BecauseeconomistsunderstandwhatthingschangeGDP,theycanpredictrecessionswithafairamountofaccuracy.

ANS:

FDIF:

1REF:

33-1

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

EconomicfluctuationsMSC:

Analytical

3.Mostmacroeconomicvariablesthatmeasuresometypeofincome,spending,orproductionfluctuatecloselytogether.

ANS:

TDIF:

1REF:

33-1

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

EconomicfluctuationsMSC:

Interpretive

4.LikerealGDP,investmentfluctuates,butitfluctuatesmuchlessthanrealGDP..

ANS:

FDIF:

1REF:

33-1

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Economicfluctuations|InvestmentMSC:

Definitional

5.Whenoutputrises,unemploymentfalls.

ANS:

TDIF:

1REF:

33-1

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Economicfluctuations|UnemploymentMSC:

Definitional

6.Anincreaseinthemoneysupplycausesoutputtoriseinthelongrun.

ANS:

FDIF:

1REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

MonetaryneutralityMSC:

Definitional

7.Mosteconomistsbelievethatclassicaltheorydescribestheworldintheshortrunbutnotinthelongrun.

ANS:

FDIF:

1REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

ClassicaldichotomyMSC:

Interpretive

8.Achangeinthemoneysupplychangesonlynominalvariablesinthelongrun.

ANS:

TDIF:

1REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

MonetaryneutralityMSC:

Definitional

9.Theexplanationsfortheslopesoftheaggregatedemandandshort-runaggregatesupplycurvesarethesameastheexplanationsfortheslopesofdemandandsupplycurvesforspecificgoodsandservices.

ANS:

FDIF:

1REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Aggregatedemandslope|Short-runaggregatesupplyslope

MSC:

Definitional

10.Theaggregate-demandcurveshowsthequantityofdomesticgoodsandservicesthathouseholds,firms,thegovernment,andcustomersabroadwanttobuyateachpricelevel.

ANS:

TDIF:

2REF:

33-2

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Aggregate-demandcurveMSC:

Definitional

11.Adecreaseinthepricelevelmakesconsumersfeelwealthier,sotheypurchasemore.Thislogichelpsexplainwhytheaggregatedemandcurveslopesdownward.

ANS:

TDIF:

1REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

WealtheffectMSC:

Analytical

12.Otherthingsthesame,adecreaseinthepricelevelmakestheinterestratedecrease,whichleadstoadepreciationofthedollarintheforeign-currencyexchange.

ANS:

TDIF:

2REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Wealtheffect|Exchange-rateeffectMSC:

Analytical

13.Theexchange-rateeffectistheideathatahigherU.S.pricelevelcausesthevalueofthedollartoincreaseinforeignexchangemarkets,andthiseffectcontributestothedownwardslopeoftheaggregate-demandcurve.

ANS:

TDIF:

2REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

AggregatedemandslopeMSC:

Interpretive

14.Thedownwardslopeoftheaggregatedemandcurveisbasedonlogicthatasthepricelevelrises,consumption,investment,andnetexportsallfall.

ANS:

TDIF:

2REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

AggregatedemandslopeMSC:

Interpretive

15.Aggregatedemandshiftstotheleftifthemoneysupplyincreases.

ANS:

FDIF:

1REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Aggregatedemandshifts|MonetarypolicyMSC:

Applicative

16.Adecreaseinthemoneysupplycausestheinterestratetorisesothatinvestmentfalls.

ANS:

TDIF:

2REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Aggregatedemandshifts|MoneysupplyMSC:

Analytical

17.Ifspeculatorsbidupthevalueofthedollarinthemarketforforeign-currencyexchange,U.S.aggregatedemandwouldshifttotheleft.

ANS:

TDIF:

2REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TOP:

Aggregatedemandshifts|NetexportsMSC:

Analytical

18.Theeffectofachangeinthevalueofthedollarintheforeignexchangemarketduetoachangeinthepricelevelhelpsexplaintheslopeofaggregatedemand,butdoesnotshiftit.Theeffectsofachangeinthevalueofthedollarintheforeignexchangemarketduetospeculationisshownbyshiftingtheaggregatedemandcurve.

ANS:

TDIF:

3REF:

33-3

NAT:

AnalyticLOC:

Aggregatedemandandaggregatesupply

TO