货币银行学题库国际商学经济学 25.docx

1、货币银行学题库国际商学经济学 251Chapter 24Monetary and Fiscal Policy in the ISLM Model2Multiple Choice1) Other things equal, a decrease in autonomous consumption shifts the _ curve to the _.(a) IS; right(b) IS; left(c) LM; left(d) LM; rightAnswer: BQuestion Status: Previous Edition2) In the Keynesian cross diagra

2、m, a decline in autonomous consumer expenditure causes the aggregate demand function to shift _ and the equilibrium level of aggregate output to _.(a) up; rise(b) up; fall(c) down; rise(d) down; fallAnswer: DQuestion Status: Previous Edition3) In the Keynesian cross diagram, an increase in autonomou

3、s consumer expenditure causes the aggregate demand function to shift _ and the equilibrium level of aggregate output to _.(a) up; rise(b) up; fall(c) down; rise(d) down; fallAnswer: AQuestion Status: Previous Edition4) In the Keynesian cross diagram, an increase in autonomous consumer expenditure ca

4、uses the aggregate demand function to shift _, the equilibrium level of aggregate output to rise, and the IS curve to shift to the _.(a) up; left(b) up; right(c) down; left(d) down; rightAnswer: BQuestion Status: Previous Edition5) In the Keynesian cross diagram, a decline in autonomous consumer exp

5、enditure causes the aggregate demand function to shift _, the equilibrium level of aggregate output to fall, and the IS curve to shift to the _.(a) up; left(b) up; right(c) down; left(d) down; rightAnswer: CQuestion Status: Previous Edition6) In the Keynesian cross diagram, a decline in autonomous c

6、onsumer expenditure causes the aggregate demand function to shift down, the equilibrium level of aggregate output to _, and the IS curve to shift to the _.(a) rise; left(b) rise; right(c) fall; left(d) fall; rightAnswer: CQuestion Status: Previous Edition7) In the Keynesian cross diagram, an increas

7、e in autonomous consumer expenditure causes the aggregate demand function to shift up, the equilibrium level of aggregate output to _, and the IS curve to shift to the _.(a) rise; left(b) rise; right(c) fall; left(d) fall; rightAnswer: BQuestion Status: Previous Edition8) An increase in autonomous c

8、onsumer expenditure causes the equilibrium level of aggregate output to _ at any given interest rate and shifts the _ curve to the _.(a) rise; LM; right(b) rise; IS; right(c) fall; LM; left(d) rise; IS; left(e) fall; IS; rightAnswer: BQuestion Status: Previous Edition9) A decrease in autonomous cons

9、umer expenditure causes the equilibrium level of aggregate output to _ at any given interest rate and shifts the _ curve to the _.(a) rise; LM; right(b) rise; IS; right(c) fall; IS; left(d) rise; LM; left(e) fall; IS; rightAnswer: CQuestion Status: Previous Edition10) Changes in the interest rate af

10、fect planned investment spending and hence the equilibrium level of output,(a) but this change in investment spending merely causes a movement along the IS curve and not a shift.(b) but this change in investment spending is crowded out by higher taxes.(c) but this change in investment spending is cr

11、owded out by higher government spending.(d) but this change in investment spending is crowded out by lower consumer expenditures.Answer: AQuestion Status: Previous Edition11) A rise in planned investment spending unrelated to the interest rate causes the equilibrium level of aggregate output to _ an

12、d shifts the _ curve to the _.(a) rise; LM; right(b) rise; IS; right(c) fall; IS; left(d) rise; LM; leftAnswer: BQuestion Status: Previous Edition12) A decline in planned investment spending unrelated to the interest rate causes the equilibrium level of aggregate output to _ and shifts the _ curve t

13、o the _.(a) rise; LM; right(b) rise; IS; right(c) fall; IS; left(d) rise; LM; leftAnswer: CQuestion Status: Previous Edition13) In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand funct

14、ion to shift _ and the equilibrium level of aggregate output to _.(a) up; rise(b) up; fall(c) down; rise(d) down; fallAnswer: DQuestion Status: Previous Edition14) In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitabili

15、ty causes the aggregate demand function to shift _ and the equilibrium level of aggregate output to _.(a) up; rise(b) up; fall(c) down; rise(d) down; fallAnswer: AQuestion Status: Previous Edition15) In the Keynesian cross diagram, an increase in investment spending because companies become more opt

16、imistic about investment profitability causes the aggregate demand function to shift _, the equilibrium level of aggregate output to rise, and the IS curve to shift to the _.(a) up; left(b) up; right(c) down; left(d) down; rightAnswer: BQuestion Status: Previous Edition16) In the Keynesian cross dia

17、gram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift _, the equilibrium level of aggregate output to fall, and the IS curve to shift to the _.(a) up; left(b) up; right(c) down; left(d) down; rig

18、htAnswer: CQuestion Status: Previous Edition17) In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift down, the equilibrium level of aggregate output to _, and the IS cu

19、rve to shift to the _.(a) rise; left(b) rise; right(c) fall; left(d) fall; rightAnswer: CQuestion Status: Previous Edition18) In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitability causes the aggregate demand functio

20、n to shift up, the equilibrium level of aggregate output to _, and the IS curve to shift to the _.(a) rise; left(b) rise; right(c) fall; left(d) fall; rightAnswer: BQuestion Status: Previous Edition19) A decrease in fully autonomous investment, other things equal, shifts the _ curve to the _.(a) IS;

21、 right(b) IS; left(c) LM; left(d) LM; rightAnswer: BQuestion Status: Previous Edition20) In the ISLM framework, the decrease in investment spending believed by Keynes to be the cause of the Great Depression would be illustrated by a shift of the _ curve to the _.(a) IS; right(b) IS; left(c) LM; left

22、(d) LM; rightAnswer: BQuestion Status: Previous Edition21) An increase in government spending causes the equilibrium level of aggregate output to _ at any given interest rate and shifts the _ curve to the _.(a) rise; LM; right(b) rise; LM; left(c) fall; IS; left(d) fall; LM; left(e) rise; IS; rightA

23、nswer: EQuestion Status: Revised22) A reduction in government spending causes the equilibrium level of aggregate output to _ at any given interest rate and shifts the _ curve to the _.(a) fall; LM; right(b) fall; IS; left(c) fall; LM; left(d) rise; LM; rightAnswer: BQuestion Status: Previous Edition

24、23) Increases in government spending increase interest rates and aggregate output. In the ISLM framework, this is a _ shift of the _ curve.(a) leftward; LM(b) rightward; LM(c) leftward; IS(d) rightward; IS(e) leftward; ADAnswer: DQuestion Status: Study Guide24) The IS curve shifts to the left when(a

25、) taxes increase.(b) government spending increases.(c) the money supply increases.(d) all of the above occur.(e) both (a) and (b) of the above occur.Answer: AQuestion Status: Study Guide25) A decline in taxes _ consumer expenditure and shifts the _ curve shifts to the _.(a) raises; LM; right(b) lowe

26、rs; IS; left(c) raises; IS; right(d) lowers; LM; leftAnswer: CQuestion Status: Revised26) A tax increase _ disposable income, _ consumption expenditure, and shifts the IS curve to the _.(a) increases; increases; right(b) increases; decreases; left(c) decreases; increases; left(d) decreases; decrease

27、s; right(e) decreases; decreases; leftAnswer: EQuestion Status: New27) A tax cut _ disposable income, _ consumption expenditure, and shifts the IS curve to the _.(a) increases; increases; right(b) increases; decreases; left(c) decreases; increases; left(d) decreases; decreases; right(e) decreases; d

28、ecreases; leftAnswer: AQuestion Status: New28) A tax cut(a) increases consumption expenditure by reducing disposable income, thereby shifting the IS curve to the right.(b) increases consumption expenditure by increasing disposable income, thereby shifting the LM curve to the right.(c) increases cons

29、umption expenditure by increasing disposable income, thereby shifting the IS curve to the right.(d) decreases consumption expenditure by reducing disposable income, thereby shifting the LM curve to the right.(e) decreases consumption expenditure by reducing disposable income, thereby shifting the IS

30、 curve to the left.Answer: CQuestion Status: New29) A tax increase shifts the IS curve to the(a) left, causing output and interest rates to fall.(b) left, causing output and interest rates to increase.(c) right, causing output and interest rates to fall.(d) right, causing output and interest rates t

31、o rise.(e) left, causing output to fall and interest rates to increase.Answer: AQuestion Status: New30) In 1981, Congress and President Reagan passed legislation cutting taxes and increasing federal expenditures. This policy shifted the _ curve to the _ .(a) LM; left(b) LM; right(c) IS; right(d) IS; left(