08宏观经济学(曼昆-第6版-配套习题Word文档下载推荐.doc

1、d.change in the price of a specific commodity.ANSWER: b.percentage change in the consumer price index.TYPE: M DIFFICULTY: 1 SECTION: 17.02.Over the last 60 years the average annual U.S. inflation rate was abouta.2 percent.b.3 percent.c.5 percent.d.7 percent. c.5 percent.3.Over the last 60 years the

2、average annual U.S. inflation rate was abouta.3 percent implying that prices have increased 12-fold.b.5 percent implying that prices have increased 12-foldc.3 percent implying that prices have increased 18-fold.d.5 percent implying that prices increased about 18-fold. d.5 percent implying that price

3、s increased about 18-fold.4.When prices are falling, economists say that there isa.disinflation.b.deflation.c.a contraction.d.an inverted inflation. b.deflation.5.Which of the following statements about U.S. inflation is false?a.Low inflation was viewed as a triumph of President Carters economic pol

4、icy.b.There were long periods in the nineteenth century during which prices fell.c.The U.S. public has viewed inflation of even 7 percent as a major economic problem.d.The U.S. inflation rate has varied over time, but international data shows even more variation. a.Low inflation was viewed as a triu

5、mph of President Carter6.Which of the following concerning the history of U.S. inflation is false?a.Prices rose at an average annual rate of about 5 percent over the last 60 years.b.There was about an 18-fold increase in the price level over the last 60 years.c.Inflation in the 1970s was below the a

6、verage over the last 60 years.d.The United States has experienced periods of deflation. c.Inflation in the 1970s was below the average over the last 60 years.7.There was hyperinflationa.during 18801896 in the United States.b.in postWorld War I Germany.c.during the 1970s in the United States.d.All of

7、 the above are correct. b.in postWorld War I Germany.8.Which of the following events in postWorld War I Germany likely contributed to the rise of Nazism and World War II?a.deflation that proved detrimental to farmersb.an aversion to inflation by policymakers that kept wages stagnantc.an unexpected d

8、rop in inflation that hurt borrowersd.an extraordinarily high rate of inflation d.an extraordinarily high rate of inflation9.The classical theory of inflationa.is also known as the quantity theory of money.b.was developed by some of the earliest economic thinkers.c.is used by most modern economists

9、to explain the long-run determinants of the inflation rate. d.All of the above are correct.10.The quantity theory of moneya.is a fairly recent addition to economic theory.b.can explain both moderate and hyperinflations.c.argues that inflation is caused by too little money in the economy. b.can expla

10、in both moderate and hyperinflations.11.Economists all agree thata.neither high inflation nor moderate inflation is very costly.b.both high and moderate inflation are quite costly.c.high inflation is costly, but disagree about the costs of moderate inflation.d.moderate inflation is as costly as high

11、 inflation. c.high inflation is costly, but disagree about the costs of moderate inflation.12.When the price level falls, the number of dollars needed to buy a representative basket of goodsa.increases, so the value of money rises.b.increases, so the value of money falls.c.decreases, so the value of

12、 money rises.d.decreases, so the value of money falls. c.decreases, so the value of money rises. 17.113.When the value of money rises, the number of dollars needed to buy a representative basket of goodsa.increases, and so the price level rises.b.increases, and so the price level falls.c.decreases, and so the price level rises.d.decreases, and so the price level falls. d.decreases, and so the price level falls. 2 SECTION:14.When the number of dollars needed to buy a representative basket of goods falls, the value of moneya.ris