宏观练习题专业知识讲座

宏观经济学练习经贸学院第1页1)Anincreaseinthemarginalpropensitytoconsumefrom.6to.8willcause:

A)theZZlinetobecomeflatterandagivenchangeinautonomousconsumption(c0)tohavealargereffectonoutput.B)theZZlinetobecomesteeperandagivenchangeinautonomousconsumption(c0)tohavealargereffectonoutput.C)theZZlinetobecomeflatterandagivenchangeinautonomousconsumption(c0)tohaveasmallereffectonoutput.D)theZZlinetobecomesteeperandagivenchangeinautonomousconsumption(c0)tohaveasmallereffectonoutput.第2页2)Themarginalpropensitytoconsumerepresents:A)thechangeinoutputcausedbyaone-unitchangeinautonomousdemand.B)thelevelofconsumptionthatoccursifdisposableincomeiszero.C)totalincomeminustotaltaxes.D)thechangeinconsumptioncausedbyaone-unitchangeindisposableincome.E)theratiooftotalconsumptiontodisposableincome.第3页3)Whichofthefollowingstatementsisconsistentwithagiven(i.e.,fixed)IScurve?A)Anincreaseingovernmentspendingcausesanincreaseindemandforgoods.B)Areductionintheinterestratecausesmoneydemandtodecrease.C)Areductionintheinterestratecausesanincreaseinthemoneysupply.D)Areductionintheinterestratecausesinvestmentspendingtoincrease.E)Anincreaseintaxescausesareductionindemandforgoods.第4页4)Anincreaseinthereservedepositratio,q,willmostlikelyhavewhichofthefollowingeffects?A)arightwardshiftintheIScurveB)aleftwardshiftintheIScurveC)anupwardshiftintheLMcurveD)adownwardshiftintheLMcurve第5页5)Forthequestionsbelow,assumethefollowing:Thenon-institutionalcivilianpopulationis400million,ofwhich200millionareemployedand16millionareunemployed.Basedonthedataabove,theunemploymentrateis:A)4%.B)5%.C)7.4%.D)8%.E)noneoftheabove第6页6)Assumetheeconomyisinitiallyoperatingatthenaturallevelofoutput.Nowsupposethatindividualsdecidetoreducetheirdesiretosave.Weknowwithcertaintythatwhichofthefollowingwilloccurintheshortrunasaresultofdecreaseddesiretosave?A)anincreaseinthenominalwageB)greaterinvestmentC)higheroutputandlowerinvestmentD)lessinvestmentE)nochangeintheeconomyatall第7页7)Whichofthefollowingwillcausetheaggregatedemandcurvewillshifttotheleft?A)adecreaseinthepricelevelB)ariseinthepricelevelC)anincreaseinthemoneysupplyD)anincreaseinconsumerconfidenceE)anincreaseintaxes第8页8)Whichofthefollowingwouldbemostlikelytocauseachangeinthenaturalrateofunemployment?A)changesinmonetarypolicyB)changesinthepriceofoilC)changesinthepercentageoflaborcontractsthatareindexedD)changesinfiscalpolicyE)changesintherateofinflation第9页9)Economistssometimesrefertotheneutralityofchangesinnominalmoneygrowth.Thisneutralityofnominalmoneygrowthimpliesthatchangesinnominalmoneygrowthhavenomedium-runeffectonwhichofthefollowing?A)theinflationrateB)nominalwagesC)outputgrowthD)thepricelevelE)alloftheabove第10页10)Supposethefollowingsituationexistsforaneconomy:Kt+1/N<Kt/N.Giventhisinformation,weknowthat:A)savingperworkerequalsdepreciationperworkerinperiodt.B)savingperworkerisgreaterthandepreciationperworkerinperiodt.C)consumptionperworkerwilltendtofallastheeconomyadjuststothissituation.D)thesavingrateincreasedinperiodt.E)noneoftheabove第11页11)Usethefollowinginformationanswerthequestionsbelow δ=.11 gA=.03 gN=.02Giventhisinformation,weknowthateffectivelabor(NA)growsatwhichrate?A)0B)1%C)4%D)5%E)15%第12页12)Ataxcutwillcause:A)anincreaseininvestment.B)nochangeinautonomousspending.C)areductionininvestment.D)nochangeininvestment.第13页13)Forthisquestion,assumethatinvestmentspendingdependsonlyonoutputandnolongerdependsontheinterestrate.Giventhisinformation,anincreaseinthemoneysupply:A)willcauseareductionintheinterestrate.B)willcauseinvestmenttodecrease.C)willcauseanincreaseinoutputandhavenoeffectontheinterestrate.D)willcauseinvestmenttoincrease.E)willhavenoeffectonoutputortheinterestrate.第14页14)Forthisquestion,assumethatthesavingratedecreases.Weknowthatthisreductioninthesavingratewillcausewhichofthefollowing?A)atemporaryreductioninthelevelofoutputpercapitaB)atemporaryincreaseintherateofgrowthofoutputpercapitaC)nopermanentchangeinthelevelofoutputpercapitaD)apermanentlylowerrateofgrowthofoutputpercapitaE)noneoftheabove第15页15)Ourmodeloflong-runeconomicgrowthsuggeststhat:A)theU.S.growthslowdownsince1950hasbeencausedlargelybylowsavingintheU.S.B)savingintheU.S.hasexceededthegolden-rulelevel.C)ahigherrateofsavingintheU.S.cannotdomuchtoincreasetheU.S.growthrateoverthenexttwodecades.D)alloftheaboveE)noneoftheabove第16页16)Amongthereasonsthatthepoorcountrieshavebeenunabletoclosethe"technologygap"withtherichcountriesis:A)loweducationlevels.B)poorlydevelopedfinancialmarkets.C)poorlyestablishedpropertyrights.D)alloftheaboveE)noneoftheabove第17页17)Usetheinformationbelowtoanswerthefollowingquestions: C=1000+.75YDI=850 G=2500T=1000Themultiplierfortheaboveeconomyequals:A)2.B)3.C)4.D)5.E)noneoftheabove第18页18)Ifindividualsdonotholdcheckabledeposits,weknowthat:A)themoneymultiplieris1.B)H=CU.C)M=CU.D)alloftheabove第19页19)WhichofthefollowingisthecorrectdefinitionoftheIScurve?A)TheIScurverepresentsthesinglelevelofoutputwherethegoodsmarketisinequilibrium.B)TheIScurverepresentsthesinglelevelofoutputwherefinancialmarketsareinequilibrium.C)TheIScurverepresentsthecombinationsofoutputandtheinterestratewherethegoodsmarketisinequilibrium.D)TheIScurverepresentsthecombinationsofoutputandtheinterestratewherethemoneymarketisinequilibrium.E)noneoftheabove第20页20)Basedonourunderstandingoftheparadoxofsaving,weknowthatareductioninthedesiretosavewillcause:A)nochangeinequilibriumGDP.B)areductioninGDP.C)anincreaseinequilibriumGDP.D)apermanentreductioninthelevelofsaving.E)anincreaseinthedesiretoinvest.第21页21)Lettheconsumptionfunctionberepresentedbythefollowingequation:C=c0+c1YD.Forthisequation,weassumethatc1is:A)negative.B)differentatdifferentlevelsofincome.C)equaltoone.D)largerthanc0.E)noneoftheabove第22页22)Whichofthefollowingisthedefinitionfortherealsupplyofmoney?A)thestockofmoneymeasuredintermsofgoods,notdollarsB)thestockofhighpoweredmoneyonlyC)theactualquantityofmoney,ratherthantheofficiallyreportedquantityD)therealvalueofcurrencyincirculationonlyE)theratiooftherealGDPtothenominalmoneysupply第23页23)WhichofthefollowingbestdefinestheLMcurve?A)thecombinationsofiandYthatmaintainequilibriuminfinancialmarketsB)thecombinationsofiandYthatmaintainequilibriuminthegoodsmarketC)illustratestheeffectsofchangesinioninvestmentD)illustratestheeffectsofchangesiniondesiredmoneyholdingsbyindividuals第24页24)Thelaborforceisdefinedas:A)thesumoftheemployedandunemployed.B)thetotalnumberofworkingageindividualsinthepopulation.C)thetotalnumberemployed.D)thesumofthenumberofemployed,unemployedanddiscouragedindividuals.第25页25)Supposetheeconomyisinitiallyinthesteadystate.Areductioninthedepreciationrate(δ)willcause:A)anincreaseinthegrowthrateinthelongrun.B)anincreaseinK/N.C)areductioninC/N.D)alloftheabove第26页26)Themethodofconstructingameasureoftechnologicalprogressreliesonwhichofthefollowingassumptions?A)Populationgrowthdoesnotchange.B)Eachfactorofproductionispaiditsmarginalproduct.C)Populationgrowthiszero.D)Thesavingratedoesnotchange.第27页27)TheFishereffectsummarizestheeffectsof:A)inflationonthenaturalrealinterestrateintheshortrun.B)inflationonthenominalinterestrateintheshortrun.C)inflationontherealinterestrateintheshortrun.D)inflationonthenominalinterestrateinthemediumrun.第28页28)Whichofthefollowingindividualsisresponsiblefordevelopingthepermanentincometheoryofconsumption?A)ModiglianiB)KeynesC)LucasD)Friedman第29页29)Whentheeconomyisinequilibrium,weknowwithcertaintythat:A)publicsavingequalsinvestment.B)G=T.C)privatesavingequalsinvestment.D)noneoftheabove第30页30)Supposefiscalpolicymakersimplementapolicytoreducethesizeofabudgetdeficit.BasedontheIS-LMmodel,weknowwithcertaintythatthefollowingwilloccurasaresultofthisfiscalpolicyaction.A)Investmentspendingwillincrease.B)Investmentspendingmayincrease,decrease,ornotchange.C)Investmentspendingwilldecrease.D)Therewillbenochangeininvestmentspending.E)noneoftheabove第31页31)Supposetwoco