经济学原理对应练习32

1、Chapter 32/A Macroeconomic Theory of the Open Economy v 1351Chapter 32 A Macroeconomic Theory of the Open EconomyMultiple Choice1.Over the past two decades, the United States hasa.generally had, or been very near to a trade balance.b.had trade deficits in about as many years as it has trade surpluse

2、s.c.persistently had a trade deficit.d.persistently had a trade surplus.ANS: CPTS: 1DIF: 1REF: 32-0TOP: Budget deficitMSC: Definitional2.Many U.S. business leaders argue that the current state of U.S. net exports is the result ofa.U.S. export subsidies.b.free trade policies of foreign governments.c.

3、unproductive U.S. workers.d.unfair foreign competition.ANS: DPTS: 1DIF: 1REF: 32-0TOP: U.S. tradeMSC: Definitional3.The open-economy macroeconomic model includesa.only the market for loanable funds.b.only the market for foreign-currency exchange.c.both the market for loanable funds and the market fo

4、r foreign-currency exchange.d.neither the market for loanable funds or the market for foreign-currency exchange.ANS: CPTS: 1DIF: 1REF: 32-0TOP: Open-economy macroeconomic modelMSC: Definitional4.The open-economy macroeconomic model examines the determination ofa.the output growth rate and the real i

5、nterest rate.b.unemployment and the exchange rate.c.the output growth rate and the inflation rate.d.the trade balance and the exchange rate.ANS: DPTS: 1DIF: 1REF: 32-0TOP: Open-economy macroeconomic modelMSC: Definitional5.The open-economy macroeconomic model takesa.GDP, but not the price level as g

6、iven.b.the price level, but not GDP as given.c.both the price level and GDP as given.d.the price level and GDP as variables to be determined by the model.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Open-economy macroeconomic modelMSC: Definitional6.In an open economy, the market for loanable funds equates natio

7、nal saving witha.domestic capital outflow.c.the sum of national consumption and government spending.d.the sum of domestic investment and net capital outflow.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Interpretive7.In an open economy, the market for loanable funds

8、equates national saving witha.domestic capital outflow.c.national consumption minus domestic investment.d.None of the above is correct.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Interpretive8.In the open-economy macroeconomic model, the market for loanable funds i

9、dentity can be written asa.S = Ib.S = NCOc.S = I + NCOd.S + I = NCOANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Definitional9.In the open-economy macroeconomic model, the supply of loanable funds comes froma.national saving.b.private saving.c.domestic investment.d.the sum of domesti

10、c investment and net capital outflow.ANS: APTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Definitional10.In the open-economy macroeconomic model, the demand for loanable funds comes froma.domestic capital outflow.d.the sum of net capital outflow and domestic i

11、nvestment.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Definitional11.The purchase of a capital asset adds to the demand for loanable fundsa.only if the asset is located at home.b.only if the asset is located abroad.c.whether the asset is located at home or abroad.d.None of the abov

12、e is correct.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative12.U.S. corporation Wells Petroleum borrows money to build an oil well in Texas and to build another in Venezuela.a.The borrowing for the well in the U.S. and the well in Venezuela both count as part of the demand

13、for loanable funds in the U.S. market.b.Neither the borrowing for the well in the U.S. nor the well in Venezuela count as part of the demand for loanable funds in the U.S. market.c.The borrowing for the well in the U.S. counts as part of the demand for loanable funds in the U.S. The borrowing for th

14、e well in Venezuela does not count as part of the demand for loanable funds in the U.S. market.d.The borrowing for the well in Venezuela counts as part of the demand for loanable funds in the U.S. The borrowing for the well in the US. does not counts as part of the demand for loanable funds in the U

15、.S. market.ANS: APTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Interpretive13.Other things the same, a higher real interest rate raises the quantity ofa.domestic capital outflow.c.loanable funds demanded.d.loanable funds supplied.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for

16、loanable fundsMSC: Applicative14.Other things the same, a lower real interest rate decreases the quantity ofa.loanable funds demanded.b.loanable funds supplied.c.domestic capital outflow.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative15.An increase in the r

17、eal interest ratea.discourages people from saving and so increases the quantity of loanable funds demanded.b.discourages people from saving and so decreases the quantity of loanable funds demanded.c.encourages people to save and so increases the quantity of loanable funds supplied.d.encourages peopl

18、e to save and so decreases the quantity of loanable funds supplied.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative16.A fall in the real interest rate a.increases the quantity of loanable funds demanded because firms will want to borrow moreb.decreases the quantity of loanab

19、le funds demanded because firms will want to borrow less.c.increases the quantity of loanable funds supplied because firms will want to borrow more.d.decreases the quantity of loanable funds supplied because firms will want to borrow less.ANS: APTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC:

20、 Applicative17.An increase in real interest rates in the United Statesa.discourages both U.S. and foreign residents from buying U.S. assets.b.encourages both U.S. and foreign residents to buy U.S. assets.c.encourages U.S. residents to buy U.S. assets, but discourages foreign residents from buying U.

21、S. assets.d.encourages foreign residents to buy U.S. assets, but discourages U.S. residents from buying U.S. assets.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative18.Which of the following would be consistent with an increase in the U.S. real interest rate?a.a Swiss bank pu

22、rchases a U.S. bond instead of the German bond it had considered purchasing.b.firms decide to do more investment spending.c.a U.S. citizen decides to put less money in his savings account than he had planned to.d.All of the above are consistent.ANS: APTS: 1DIF: 1REF: 32-1TOP: Market for loanable fun

23、dsMSC: Applicative19.If interest rates rose more in France than in the U.S., then other things the samea.U.S. citizens would buy more French bonds and French citizens would buy more U.S. bonds.b.U.S. citizens would buy more French bonds and French citizens would buy fewer U.S. bonds.c.U.S. citizens

24、would buy fewer French bonds and French citizens would buy more U.S. bonds.d.U.S. citizens would buy fewer French bonds and French citizens would buy fewer U.S. bonds.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative20.An increase in the U.S. real interest rate inducesa.Ameri

25、cans to buy more foreign assets, which increases U.S. net capital outflow.b.Americans to buy more foreign assets, which reduces U.S. net capital outflow.c.foreigners to buy more U.S. assets, which reduces U.S. net capital outflow.d.foreigners to buy more U.S. assets, which increases U.S. net capital

26、 outflow.ANS: CPTS: 1DIF: 2REF: 32-1TOP: Net capital outflowMSC: Analytical21.Other things the same, an increase in the interest rate would tend to reducea.domestic investment, but not net capital capital outflow, but not domestic investment.c.both domestic investment and net capital o

27、utflow.d.neither domestic investment nor not capital outflow.ANS: CPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Interpretive22.In an open economy, the demand for loanable funds comes froma.only those who want to borrow funds to buy domestic capital goods.b.only those who want to borrow fu

28、nds to buy foreign assets.c.those who want to borrow funds to buy either domestic capital goods or foreign assets.d.neither those who want to borrow funds to buy domestic capital goods nor those who want to borrow funds to buy foreign assets.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsM

29、SC: Definitional23.In an open economy the supply of loanable funds comes froma.national saving. Demand comes from only domestic investment.b.national saving. Demand comes from domestic investment and net capital outflow.c.Only net capital outflow. Demand for loanable funds comes from national saving

30、.d.domestic investment and net capital outflow. Demand for loanable funds comes from national saving.ANS: BPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Definitional24.The supply of loanable funds comes froma.national saving.b.national saving and domestic investment.c.domestic investment a

31、nd net capital outflow.d.national saving, domestic investment, and net capital outflow.ANS: APTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Definitional25.If the quantity of loanable funds supplied is greater than the quantity demanded, thena.there is a shortage of loanable funds and the in

32、terest rate will fall.b.there is a shortage of loanable funds and the interest rate will rise.c.there is a surplus of loanable funds and the interest rate will fall.d.there is a surplus of loanable funds and the interest rate will rise.ANS: CPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: An

33、alytical26.If there is a surplus of loanable funds, the quantity demanded isa.greater than the quantity supplied and the interest rate will rise.b.greater than the quantity supplied and the interest rate will fall.c.less than the quantity supplied and the interest rate will rise.d.less than the quan

34、tity supplied and the interest rate will fall.ANS: DPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical27.If the quantity of loanable funds demanded is greater than the quantity of loanable funds supplieda.there is a surplus and the interest rate will rise.b.there is a surplus and the

35、 interest rate will fall.c.there is a shortage and the interest rate will rise.d.there is a shortage and the interest rate will fall.ANS: CPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical28.If there is a shortage of loanable funds,a.the demand for loanable funds will shift right so

36、 the interest rate rises.b.the supply of loanable funds will shift left so the interest rate falls.c.there will be no shifts of the curves, but the interest rate rises.d.there will be no shifts of the curves, but the interest rate falls.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: A

37、nalytical29.Suppose the U.S. supply of loanable funds shifts left. This willa.increase U.S. net capital outflow and increase the quantity of loanable funds demanded.b.increase U.S. net capital outflow and decrease the quantity of loanable funds demanded.c.decrease U.S. net capital outflow and increa

38、se the quantity of loanable funds demanded.d.decrease U.S. net capital outflow and decrease the quantity of loanable funds demanded.ANS: DPTS: 1DIF: 3REF: 32-1TOP: Market for loanable fundsMSC: Interpretive30.Which of the following would make both the equilibrium interest rate and the equilibrium qu

39、antity of loanable funds increase?a.The demand for loanable funds shifts right.b.The demand for loanable funds shifts left.c.The supply of loanable funds shifts right.d.The supply of loanable funds shifts left.ANS: APTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical31.Which of the fo

40、llowing would make both the equilibrium interest rate and the equilibrium quantity of loanable funds decrease?a.The demand for loanable funds shifts right.b.The demand for loanable funds shifts left.c.The supply of loanable funds shifts right.d.The supply of loanable funds shifts left.ANS: BPTS: 1DI

41、F: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical32.Which of the following would make the equilibrium interest rate increase and the equilibrium quantity of funds decrease?a.The supply of loanable funds shifts right.b.The supply of loanable funds shifts left.c.The demand for loanable funds

42、shifts right.d.The demand for loanable funds shifts left.ANS: BPTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical33.Which of the following would make the equilibrium interest rate decrease and the equilibrium quantity of loanable funds increase?a.The supply of loanable funds shifts r

43、ight.b.The supply of loanable funds shifts left.c.The demand for loanable funds shifts right.d.The demand for loanable funds shifts left.ANS: APTS: 1DIF: 2REF: 32-1TOP: Market for loanable fundsMSC: Analytical34.At the equilibrium interest rate in the open economy macroeconomic model, the amount tha

44、t people want to save equals the desired quantity capital outflow.b.domestic capital outflow plus domestic investment.d.foreign currency supplied.ANS: CPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative35.At the equilibrium interest rate in the open economy

45、macroeconomic model, the equilibrium quantity of loanable funds capital outflow.b.domestic investment.c.foreign currency supplied.d.national saving.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative36.In the open-economy macroeconomic model, other things the same,

46、a decrease in the interest rate shiftsa.the demand for dollars in the market for foreign-currency exchange to the right.b.the demand for dollars in the market for foreign-currency exchange to the left.c.the supply of dollars in the market for foreign-currency exchange to the right.d.the supply of do

47、llars in the market for foreign-currency exchange to the left.ANS: CPTS: 1DIF: 2REF: 32-2TOP: Open-economy macroeconomic model | Market for foreign-currency exchangeMSC: Interpretive37.In an open economy, capital outflow = capital outflow = net capital outflow = expo

48、rts.d.None of the above is correct.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Net exports | Net capital outflowMSC: DefinitionalFigure 32-138.Refer to Figure 32-1. The loanable funds market is in equilibrium ata.1 percent, $30 billion.b.2 percent, $20 billion.c.4 percent, $10 billion.d.None of the above is cor

49、rect.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative39.Refer to Figure 32-1. In the Figure shown, if the real interest rate is 3 percent, the quantity of loanable funds demanded isa.$10 billion, and the quantity supplied is 20.b.$10 billion, and the quantity supplied is 30.

50、c.$30 billion, and the quantity supplied is 10.d.$30 billion, and the quantity supplied is 20.ANS: BPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative40.Refer to Figure 32-1. In the Figure shown, if the real interest rate is 1 percent, there will be aa.surplus of $10 billion.b.surpl

51、us of $20 billion.c.shortage of $10 billion.d.shortage of $20 billion.ANS: DPTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Analytical41.Refer to Figure 32-1. In the Figure shown, if the real interest rate is 1 percent, there will be pressure fora.the real interest rate to rise.b.the demand

52、for loanable funds curve to shift right.c.the supply for loanable funds curve to shift left.d.All of the above are correct.ANS: APTS: 1DIF: 1REF: 32-1TOP: Market for loanable fundsMSC: Applicative42.If net exports are positive, thena.exports are greater than capital outflow is negative

53、.c.Both of the above are correct.d.Neither of the above is correct.ANS: APTS: 1DIF: 1REF: 32-1TOP: Net exports | Net capital outflowMSC: Interpretive43.If net exports are negative, capital outflow is positive, so foreign assets bought by Americans are greater than American assets bought by

54、 capital outflow is positive, so American assets bought by foreigners are greater than foreign assets bought by A capital outflow is negative, so foreign assets bought by Americans are greater than American assets bought by capital outflow is negative,

55、 so American assets bought by foreigners are greater than foreign assets bought by Americans.ANS: DPTS: 1DIF: 2REF: 32-1TOP: Net exports | Net capital outflowMSC: Interpretive44.If net exports are positive, capital outflow is positive, so foreign assets bought by Americans are greater than

56、 American assets bought by capital outflow is positive, so American assets bought by foreigners are greater than foreign assets bought by A capital outflow is negative, so foreign assets bought by Americans are greater than American assets bought by capital outflow is negative, so American assets bought by foreigners are greater than foreign assets bought by Americans.ANS: APTS: 1DIF: 2REF: