货币银行学题库国际商学经济学 26.docx

1、货币银行学题库国际商学经济学 261Chapter 25Aggregate Demand and Supply Analysis2Multiple Choice1) The aggregate demand curve is(a) the total quantity of an economys intermediate goods demanded at all price levels.(b) the total quantity of an economys intermediate goods demanded at a particular price level.(c) the

2、total quantity of an economys final goods and services demanded at a particular price level.(d) the total quantity of an economys final goods and services demanded at different price levels.(e) none of the above.Answer: DQuestion Status: New2) The total quantity of an economys final goods and servic

3、es demanded at different price levels is(a) the aggregate supply curve.(b) the aggregate demand curve.(c) the Phillips curve.(d) the aggregate expenditure function.(e) both (b) and (d) of the above.Answer: BQuestion Status: New3) The aggregate supply curve is (a) the total quantity of raw materials

4、offered for sale at different prices.(b) the total quantity of final goods and services offered for sale at the current price level.(c) the total quantity of final goods and services offered for sale at different price levels.(d) the total quantity of intermediate and final goods and service offered

5、 for sale at different price levels.(e) the total quantity of final services offered for sale at different price levels.Answer: CQuestion Status: New4) The total quantity of final goods and services offered for sale at different price levels is(a) the aggregate supply curve.(b) the aggregate demand

6、curve.(c) the Phillips curve.(d) the 45 line.(e) both (a) and (d) of the above.Answer: AQuestion Status: New5) In Friedmans modern quantity theory, changes in the money supply are(a) unrelated to changes in the price level.(b) unrelated to changes in inflation.(c) unrelated to shifts in the aggregat

7、e demand curve.(d) the primary source of changes in aggregate spending.Answer: DQuestion Status: Previous Edition6) Friedmans modern quantity theory of money concludes that changes in aggregate spending are primarily determined by changes in(a) government spending and taxes.(b) the velocity of money

8、.(c) interest rates.(d) the money supply.Answer: DQuestion Status: Previous Edition7) The average number of times per year that a dollar is spent on final goods and services is called(a) velocity.(b) acceleration.(c) the equation of exchange.(d) none of the above.Answer: AQuestion Status: Previous E

9、dition8) The modern quantity theory of money is derived from(a) the concept of velocity.(b) the Keynesian monetary transmission mechanism.(c) the equation of exchange.(d) all of the above.Answer: CQuestion Status: Previous Edition9) Monetarists determine the aggregate demand curve from(a) the equati

10、on of exchange.(b) its three component parts: consumer expenditure, investment spending, and government spending.(c) its four component parts: consumer expenditure, investment spending, government spending, and net exports.(d) the spending multiplier.Answer: AQuestion Status: Previous Edition10) The

11、 aggregate demand curve slopes downward because a decrease in the price level means a(n) _ in the real money supply and therefore a _ level of real spending.(a) increase; higher(b) increase; lower(c) decrease; lower(d) decrease; higherAnswer: AQuestion Status: Previous Edition11) According to the mo

12、netarists an increase in the money supply, other things equal, shifts the aggregate _ curve to the _.(a) demand; right(b) demand; left(c) supply; left(d) supply; rightAnswer: AQuestion Status: Previous Edition12) According to monetarists, a decline in the money supply, holding other factors constant

13、, shifts the aggregate _ curve to the _.(a) demand; right(b) demand; left(c) supply; right(d) supply; leftAnswer: BQuestion Status: Previous Edition13) Keynesians analyze aggregate demand in terms of its four component parts:(a) consumer expenditures, planned investment spending, government spending

14、, and net exports.(b) consumer expenditures, actual investment spending, government spending, and net exports.(c) consumer expenditures, planned investment spending, government spending, and gross exports.(d) consumer expenditures, planned investment spending, government spending, and taxes.Answer:

15、AQuestion Status: Previous Edition14) The Keynesian analysis of aggregate demand indicates that a decline in the price level causes(a) a decline in the real money supply, an increase in interest rates, a decline in investment spending, and a decline in aggregate output demanded.(b) a decline in the

16、real money supply, a decline in interest rates, an increase in investment spending, and an increase in aggregate output demanded.(c) an increase in the real money supply, a decline in interest rates, an increase in investment spending, and an increase in aggregate output demanded.(d) an increase in

17、the real money supply, an increase in interest rates, a decline in investment spending, and a decline in aggregate output demanded.Answer: CQuestion Status: Previous Edition15) The aggregate demand curve is downward sloping because(a) a lower price level, holding the nominal quantity of money consta

18、nt, leads to a larger quantity of money in real terms, causes the interest rate to fall, and stimulates planned investment spending.(b) a lower price level, holding the nominal quantity of money constant, leads to a larger quantity of money in nominal terms, causes the interest rate to rise, and sti

19、mulates planned investment spending.(c) a higher price level, holding the nominal quantity of money constant, leads to a larger quantity of money in real terms, causes the interest rate to fall, and stimulates planned investment spending.(d) a higher price level, holding the nominal quantity of mone

20、y constant, leads to a smaller quantity of money in real terms, causes the interest rate to fall, and stimulates planned investment spending.Answer: AQuestion Status: Previous Edition16) The aggregate demand curve is downward sloping because(a) a lower price level leads to a larger quantity of money

21、 in real terms, causing the interest rate to rise, lowering the value of the dollar, and raising net exports.(b) a lower price level leads to a larger quantity of money in real terms, causing the interest rate to fall, lowering the value of the dollar, and raising net exports.(c) a higher price leve

22、l leads to a smaller quantity of money in real terms, causing the interest rate to rise, lowering the value of the dollar, and raising net exports.(d) a higher price level leads to a smaller quantity of money in real terms, causing the interest rate to rise, raising the value of the dollar, and rais

23、ing net exports.Answer: BQuestion Status: Previous Edition17) The aggregate demand curve is downward sloping because(a) a lower price level, holding the nominal quantity of money constant, leads to a larger quantity of money in real terms, causes the interest rate to fall, and stimulates planned inv

24、estment spending.(b) a lower price level leads to a larger quantity of money in real terms, causing the interest rate to fall, lowering the value of the dollar, and raising net exports.(c) a higher price level, holding the nominal quantity of money constant, leads to a smaller quantity of money in r

25、eal terms, causes the interest rate to fall, and stimulates planned investment spending.(d) of both (a) and (b) of the above.(e) of both (b) and (c) of the above.Answer: DQuestion Status: Previous Edition18) Keynesians contend that a _ price level _ the real quantity of money, _ higher spending.(a)

26、lower; expands; encouraging(b) lower; expands; discouraging(c) lower; contracts; discouraging(d) higher; expands; encouraging(e) higher; expands; discouragingAnswer: AQuestion Status: Study Guide19) The Keynesian analysis of aggregate demand indicates that changes in the money supply(a) have no effe

27、ct on aggregate demand.(b) shift the aggregate demand curve in the opposite direction of the change in government spending.(c) shift the aggregate demand curve in the same direction as the change in government spending.(d) move the economy along the aggregate demand curve rather than shifting it.Ans

28、wer: CQuestion Status: Revised20) According to the Keynesians, an increase in government spending, other things equal, shifts the aggregate _ curve to the _.(a) demand; right(b) demand; left(c) supply; left(d) supply; rightAnswer: AQuestion Status: Previous Edition21) According to the Keynesians, a

29、decrease in government spending, other things equal, shifts the aggregate _ curve to the _.(a) demand; right(b) demand; left(c) supply; left(d) supply; rightAnswer: BQuestion Status: Previous Edition22) According to the Keynesians, an increase in taxes, other things equal, shifts the aggregate _ cur

30、ve to the _.(a) demand; right(b) demand; left(c) supply; left(d) supply, rightAnswer: BQuestion Status: Previous Edition23) The Keynesian analysis of aggregate demand indicates that a change in taxes(a) shifts the aggregate demand curve in the same direction as the change in government spending.(b)

31、shifts the aggregate demand curve in the direction opposite to that of the change in government spending.(c) moves the economy along the aggregate demand curve rather than shifting it.(d) has no effect on aggregate demand.Answer: BQuestion Status: Revised24) According to the Keynesians, an increase in net exports, other things equal, shifts the aggregate _ curve to the _.(a) demand; right(b) demand; left(c) supply; left(d) supply; rightAnswer: AQuestion Status: Previous Edition25) According to the Keynesians, a decrease in net exports, other things equal,