中级宏观经济学（双语）（山东联盟）智慧树知到答案章节测试2023年山东财经大学

第一章测试Macroeconomicsdoesnottrytoanswerthequestionof:

A:whatcausesrecessionsanddepressions.

B:whydosomecountriesexperiencerapidgrowth

C:whydosomecountrieshavehighratesofinflation.

D:whatistherateofreturnoneducation.

答案:DAllofthefollowingaretypesofmacroeconomicsdataexceptthe:

A:inflationrate.

B:priceofanIBMcomputer.

C:unemploymentrate.

D:growthrateofrealGDP.

答案:BThetotalincomeofeveryoneintheeconomyadjustedforthelevelofbaseyearpricesiscalled:

A:realGDP.

B:aninflation.

C:abusinessfluctuation.

D:arecession.

答案:ARealGDP______overtimeandthegrowthrateofrealGDP______.

A:issteady;fluctuates

B:grows;issteady

C:issteady;issteady

D:grows;fluctuates

答案:DAperiodoffallingpricesiscalled:

A:adepression.

B:arecession.

C:deflation.

D:inflation.

答案:C第二章测试Theassumptionofcontinuousmarketclearingmeansthat:

A:buyerscanbuyallthattheywantatthegoingprice.

B:atanygiveninstant,buyerscanbuyallthattheywantandsellerscansellallthattheywantatthegoingprice.

C:sellerscansellallthattheywantatthegoingprice.

D:inanygivenmonth,buyerscanbuyallthattheywantandsellerscansellallthattheywantatthegoingprice.

答案:BAllofthefollowingstatementsaboutstickypricesaretrueexcept:

A:forstudyingyear-to-yearfluctuations,mostmacroeconomistsbelievethatpricestickinessisabetterassumptionthanispriceflexibility.

B:intheshortrun,somewagesandpricesaresticky.

C:magazinepublisherstendtochangetheirnewsstandpricesonlyeverythreeorfouryears.

D:thesticky-pricemodeldescribestheequilibriumtowardwhichtheeconomyslowlygravitates.

答案:DTheassumptionofflexiblepricesisamoreplausibleassumptionwhenappliedtopricechangesthatoccur:

A:fromyeartoyear.

B:fromminutetominute.

C:inthelongrun.

D:intheshortrun.

答案:CGNPequalsGDP______incomeearneddomesticallybyforeigners______incomethatnationalsearnabroad.

A:minus;plus

B:plus;minus

C:plus;plus

D:minus;minus

答案:AThelargestcomponentofnationalincomeis:

答案:DIfnominalGDPgrewby5percentandrealGDPgrewby3percent,thentheGDPdeflatorgrewbyapproximately______percent.

A:2

B:3

C:8

D:5

答案:A第三章测试Inthelongrun,thelevelofnationalincomeinaneconomyisdeterminedbyits:

A:factorsofproductionandproductionfunction.

B:rateofeconomicandaccountingprofit.

C:realandnominalinterestrate.

D:governmentbudgetsurplusordeficit.

答案:AAtanyparticularpointintime,theoutputoftheeconomy:

A:variesbecausethesuppliesofcapitalandlaborvary.

B:variesbecausethetechnologyforturningcapitalandlaborintogoodsandservicesvaries.

C:isfixedbecausethesuppliesofcapitalandlaborandthetechnologyarefixed.

D:isfixedbecausethedemandforgoodsandservicesisfixed.

答案:CInaCobb-douglasproductionfunctionthemarginalproductoflaborwillincreaseif:

答案:DAccordingtotheneoclassicaltheoryofdistribution,inaneconomydescribedbyaCobb-douglasproductionfunction,workersshouldexperiencehighratesofrealwagegrowthwhen:

答案:DIntheclassicalmodelwithfixedincome,anincreaseintherealinterestratecouldbetheresultofa(n):

A:decreaseindesiredinvestment.

B:increaseintaxes.

C:decreaseingovernmentspending.

D:increaseingovernmentspending.

答案:D第四章测试Money’sliquidityreferstotheeasewithwhich:

A:coinscanbemelteddown.

B:loanscanbefloated.

C:illegallyobtainedmoneycanbelaundered.

D:moneycanbeconvertedintogoodsandservices.

答案:DInafractional-reservebankingsystem,bankscreatemoneywhenthey:

A:holdreserves.

B:acceptdeposits.

C:makeloans.

D:exchangecurrencyfordeposits.

答案:CIfthecurrency-epositratioequals0.5andthereserve-epositratioequals0.1,thenthemoneymultiplierequals

A:0.6.

B:2.0.

C:1.67.

D:2.5.

答案:DWhentheFedmakesanopen-marketsale,it:

A:decreasesthemonetarybase(B).

B:increasesthemonetarybase(B).

C:increasesthecurrency-depositratio(cr).

D:increasesthemoneymultiplier(m).

答案:AWhentheFederalReserveconductsanopen-marketpurchase,itbuysbondsfromthe:

A:InternalRevenueService.

B:public.

C:InternationalMonetaryFund.

D:U.S.Treasury.

答案:B第五章测试Ifthedemandforrealmoneybalancesisproportionaltorealincome,velocitywill:

A:increaseasincomedecreases.

B:varydirectlywiththeinterestrate.

C:increaseasincomeincreases.

D:remainconstant.

答案:DThequantityequationformoney,byitself:

A:impliesthatrealgrossdomesticproduct(GDP)isproportionaltothemoneysupply.

B:maybethoughtofasadefinitionforvelocityofmoney.

C:impliesthatthevelocityofmoneyisconstant.

D:impliesthatthepricelevelisproportionaltothemoneysupply.

答案:BInthelongrun,accordingtothequantitytheoryofmoneyandtheclassicalmacroeconomictheory,ifvelocityisconstant,then______determinesrealGDPand______determinesnominalGDP.

A:velocity;themoneysupply

B:theproductivecapabilityoftheeconomy;themoneysupply

C:themoneysupply;theproductivecapabilityoftheeconomy

D:themoneysupply;velocity

答案:BAccordingtotheclassicaldichotomy,whenthemoneysupplydecreases,_____willdecrease.

A:realGDP

B:consumptionspending

C:investmentspending

D:thepricelevel

答案:DTheconceptofmonetaryneutralityintheclassicalmodelmeansthatanincreaseinthemoneysupplywillincrease:

A:realinterestrates.

B:bothsavingandinvestmentbythesameamount.

C:realGDP.

D:nominalinterestrates.

答案:D第六章测试Netcapitaloutflowisequalto:

A:nationalsavingminusdomesticinvestment.

B:domesticinvestmentminusnationalsaving.

C:nationalsavingminusthetradebalance.

D:domesticinvestmentplusthetradebalance.

答案:AIfdomesticsavingexceedsdomesticinvestment,thennetexportsare______andnetcapitaloutflowsare______.

A:negative;negative

B:positive;positive

C:positive;negative

D:negative;positive

答案:BInasmallopeneconomy,ifexportsequal$5billionandimportsequal$7billion,thenthereisatrade______and______netcapitaloutflow.

A:deficit;negative

B:surplus;positive

C:deficit;positive

D:surplus;negative

答案:AStartingfromatradebalance,iftheworldinterestratefalls,then,holdingotherfactorsconstant,inasmallopeneconomytheamountofdomesticinvestmentwill_____andnetexportswill_____.

A:increase;increase

B:increase,notchange

C:decrease;increase

D:increase;decrease

答案:DIfpurchasing-powerparityholds,thenchangesindomesticsavingwill_____therealexchangerate.

A:notchange

B:eitherincreaseordecrease

C:increase

D:decrease

答案:A第七章测试Apolicythatdecreasesthejobseparationrate_____thenaturalrateofunemployment.

A:willdecrease

B:willnotchange

C:willincrease

D:couldeitherincreaseordecrease

答案:AAnypolicyaimedatloweringthenaturalrateofunemploymentmusteither______therateofjobseparationor______therateofjobfinding.

A:reduce;reduce

B:increase;increase

C:increase;reduce

D:reduce;increase

答案:DTheunemploymentresultingfromwagerigidityandjobrationingiscalled______unemployment.

A:insider

B:frictional

C:structural

D:minimum-wage

答案:CTheminimumwage:

A:raisesthewagesofhighlyskilledworkers.

B:isusuallyabout75percentoftheaveragewageearnedinmanufacturing.

C:hasitsgreatestimpactonteenageunemployment.

D:encouragesmasterworkerstotakeonapprentices.

答案:CWhichofthefollowingisthebestexampleofstructuralunemployment?

A:Kirbyisseekingajobasanairlinepilot,butthehighunionwagesintheindustryhavelimitedthenumberofjobsavailable.

B:Timislookingforajobwithflexiblehoursbuthasnotbeenofferedoneyet.

C:Fatimalostherjobatapackingplantbuthasnotlookedveryintensivelyforanewjobbecauseshestillhas2monthsofunemploymentinsurancebenefitsleft.

D:Vickielostherjobasagraphicartistatamoviestudiobecauseshedidnothavetrainingincomputer-generatedanimation.

答案:A第八章测试TwoeconomiesareidenticalexceptthatthelevelofcapitalperworkerishigherinHighlandthaninLowland.Theproductionfunctionsinbotheconomiesexhibitdiminishingmarginalproductofcapital.Anextraunitofcapitalperworkerincreasesoutputperworker:

A:moreinHighland.

B:bythesameamountinHighlandandLowland.

C:inHighland,butnotinLowland.

D:moreinLowland.

答案:DIntheSolowgrowthmodelthesavingratedeterminestheallocationofoutputbetween:

A:investmentandconsumption.

B:consumptionandoutput.

C:outputandcapital.

D:savingandinvestment.

答案:AIntheSolowgrowthmodel,thesteady-stateoccurswhen:

A:outputperworkerequalsconsumptionperworker.

B:thesavingrateequalsthedepreciationrate.

C:capitalperworkerisconstant.

D:consumptionperworkerismaximized.

答案:CIntheSolowgrowthmodel,thesteadystatelevelofoutputperworkerwouldbehigherifthe_____increasedorthe_____decreased.

A:depreciationrate;populationgrowthrate

B:populationgrowthrate;depreciationrate

C:populationgrowthrate;savingrate

D:savingrate;depreciationrate

答案:DIntheSolowgrowthmodel,withagivenproductionfunction,depreciationrate,savingrate,andnotechnologicalchange,higherratesofpopulationgrowthproduce:

A:highersteady-statelevelsofoutputperworker.

B:highersteady-stategrowthratesofoutputperworker.

C:highersteady-stateratiosofcapitalperworker.

D:highersteady-stategrowthratesoftotaloutput.

答案:D第九章测试TheGoldenRulelevelofthesteady-statecapitalstock:

A:shouldbeavoidedbyanenlightenedgovernment.

B:impliesachoiceofaparticularsavingrate.

C:willbereachedautomaticallyifeachpersonsavesenoughtoprovideforhisorherretirement.

D:willbereachedautomaticallyifthesavingrateremainsconstantoveralongperiodoftime.

答案:BIfaneconomyisinasteadystatewithnopopulationgrowthortechnologicalchangeandthemarginalproductofcapitalislessthanthedepreciationrate:

A:steady-stateconsumptionperworkerwouldbehigherinasteadystatewithalowersavingrate.

B:theeconomyisfollowingtheGoldenRule.

C:thedepreciationrateshouldbedecreasedtoachievetheGoldenRulelevelofconsumptionperworker.

D:steady-stateconsumptionperworkerwouldbehigherinasteadystatewithahighersavingrate.

答案:AIfaneconomyisinasteadystatewithasavingratebelowtheGoldenRulelevel,effortstoincreasethesavingrateresultin:

A:higherper-capitaoutputandlowerper-capitadepreciation.

B:bothhigherper-capitaoutputandhigherper-capitadepreciation,buttheincreaseinper-capitaoutputwouldbegreater.

C:lowerper-capitaoutputandhigherper-capitadepreciation.

D:bothhigherper-capitaoutputandhigherper-capitadepreciation,buttheincreaseinper-capitadepreciationwouldbegreater.

答案:BWhenaneconomybeginsabovetheGoldenRule,reachingtheGoldenRule:

A:requiresinitiallyreducingconsumptiontoincreaseconsumptioninthefuture.

B:requiresinitiallyincreasingconsumptiontodecreaseconsumptioninthefuture.

C:produceshigherconsumptionatalltimesinthefuture.

D:produceslowerconsumptionatalltimesinthefuture.

答案:CIntheSolowgrowthmodelofaneconomywithpopulationgrowthbutnotechnologicalchange,thebreak-evenlevelofinvestmentmustdoallofthefollowingexcept:

A:providecapitalfornewworkers.

B:keepthelevelofcapitalperworkerconstant.

C:equalthemarginalproductivityofcapital(MPK).

D:offsetthedepreciationofexistingcapital.

答案:C第十章测试IfanaggregatedemandcurveisdrawnwithrealGDP(Y)alongthehorizontalaxisandthepricelevel(P)alongtheverticalaxis,usingthequantitytheoryofmoneyasatheoryofaggregatedemand,thiscurveslopes______totherightandgets______asitmovesfarthertotheright.

A:downward;flatter

B:upward;flatter

C:downward;steeper

D:upward;steeper

答案:AAshort-runaggregatesupplycurveshowsfixed______,andalong-runaggregatesupplycurveshowsfixed______.

A:output;output

B:prices;output

C:prices;prices

D:output;prices

答案:BIfthelong-runaggregatesupplycurveisvertical,thenchangesinaggregatedemandaffect:

A:neitherpricesnorlevelofoutput.

B:pricesbutnotlevelofoutput.

C:levelofoutputbutnotprices.

D:bothpricesandlevelofoutput.

答案:BAssumethattheeconomystartsfromlong-runequilibrium.IftheFederalReserveincreasesthemoneysupply,then______increase(s)intheshortrunand______increase(s)inthelongrun.

A:output;prices

B:prices;output

C:prices;prices

D:output;output

答案:AMonetaryneutralityisacharacteristicoftheaggregatedemand朼ggregatesupplymodelin:

A:intheshortrun,butnotinthelongrun.

B:inthelongrun,butnotintheshortrun.

C:inneithertheshortrunnorthelongrun.

D:boththeshortrunandthelongrun.

答案:B第十一章测试TwointerpretationsoftheIS-LMmodelarethatthemodelexplains:

A:thedeterminationofinvestmentandsaving,orwhatshiftstheliquiditypreferenceschedule.

B:changesingovernmentspendingandtaxes,orthedeterminationofthesupplyofrealmoneybalances.

C:theshort-runquantitytheoryofincome,ortheshort-runFishereffect.

D:thedeterminationofincomeintheshortrunwhenpricesarefixed,orwhatshiftstheaggregatedemandcurve.

答案:DIntheKeynesian-crossmodel,actualexpendituresdifferfromplannedexpendituresbytheamountof:

A:realmoneybalances.

B:thegovernment-purchasesmultiplier.

C:liquiditypreference.

D:unplannedinventoryinvestment.

答案:DAlonganygivenIScurve:

A:bothgovernmentspendingandtaxratesvary.

B:taxratesarefixed,butgovernmentspendingvaries.

C:governmentspendingisfixed,buttaxratesvary.

D:bothgovernmentspendingandtaxratesarefixed.

答案:DIntheKeynesian-crossmodel,adecreaseintheinterestrate______plannedinvestmentspendingand______theequilibriumlevelofincome

A:increases;increases

B:decreases;decreases

C:increases;decreases

D:decreases;increases

答案:AAnIScurveshowscombinationsof:

A:interestratesandincomethatbringequilibriuminthemarketforgoodsandservices.

B:nominalmoneybalancesandpricelevels.

C:interestratesandincomethatbringequilibriuminthemarketforrealbalances.

D:taxesandgovernmentspending.

答案:AIftheinterestrateisabovetheequilibriumvalue,the:

A:marketforrealbalancesclears.

B:supplyofrealbalancesexceedsthedemand.

C:demandforrealbalancesincreases.

D:demandforrealbalancesexceedsthesupply.

答案:B第十二章测试IntheIS?LMmodelwhentaxationincreases,inshort-runequilibrium,theinterestrate______andoutput______.

A:rises;falls

B:falls;rises

C:falls;falls

D:rises;rises

答案:CUsingtheIS-LManalysis,iftheLMcurveisnothorizontal,themultiplierforanincreaseingovernmentspendingis______foranincreaseingovernmentpurchasesusingtheKeynesian-crossanalysis.

A:largerthanthemultiplier

B:sometimeslargerandsometimessmallerthanthemultiplier

C:smallerthanthemultiplier

D:thesameasthemultiplier

答案:CAneconomicchangethatdoesnotshifttheaggregatedemandcurveisachangein:

A:themoneysupply.

B:taxes.

C:thepricelevel.

D:theinvestmentfunction.

答案:CAtaxcutshiftsthe______totheright,andtheaggregatedemandcurve__

A:LM:shiftstotheright

B:IS;doesnotshift

C:IS;shiftstotheright

D:LM;doesnotshift

答案:CIfrealmoneybalancesentertheIS?LMmodelboththroughthetheoryofliquiditypreferenceandthePigoueffect,thenafallinthepricelevelwillshift:

A:onlytheIScurve.

B:boththeLMandtheIScurves.

C:neithertheLMnortheIScurve.

D:onlytheLMcurve.

答案:B第十三章测试IntheMundell-Flemingmodel,thedomesticinterestrateisdeterminedbythe:

A:domesticrateofinflation.

B:intersectionoftheLMandIScurves.

C:worldinterestrate.

D:worldrateofinflation.

答案:CIfshort-runequilibriumintheMundell-FlemingmodelisrepresentedbyagraphwithYalongthehorizontalaxisandtheexchangeratealongtheverticalaxis,thentheLM*curve:

A:isverticalbecausemonetaryvelocityisindependentoftheinterestrate.

B:slopesupwardandtotherightbecauseahigherexchangerateleadstoahigherincome.

C:slopesupwardandtotherightbecauseatahigherincomeahigherinterestrateisneededtoincreasevelocity.

D:isverticalbecausetheexchangeratedoesnotenterintotheLM*equation.

答案:DInasmallopeneconomywithafloatingexchangerate,ifthegovernmentincreasesthemoneysupply,theninthenewshort-runequilibriumthe:

A:interestratefallsandthelevelofinvestmentrises.

B:exchangeratefallsbutnetexportsdonotincrease.

C:interestratefallsbutthelevelofinvestmentdoesnotrise.

D:exchangeratefallsandnetexportsincrease.

答案:DTomaintainafixed-exchange-ratesystem,iftheexchangeratemovesbelowthef