宏观经济学期末考试试卷1(附答案)

得分评卷人一、选择题(每题1分，共30分)1．Thegovernmentreportsthat"GDPincreasedby1.6percentinthelastquarter."ThisstatementmeansthatGDPincreased a. by6.4percentfortheyear. b. atanannualrateof6.4percentduringthelastquarter. c. atanannualrateof1.6percentduringthelastquarter. d. atanannualrateof.4percentduringthelastquarter.2．ABraziliancompanyproducessoccerballsintheUnitedStatesandexportsallofthem.Ifthepriceofthesoccerballsincreases,theGDPdeflator a. andtheCPIbothincrease. b. isunchangedandtheCPIincreases. c. increasesandtheCPIisunchanged. d. andtheCPIareunchanged.3．ThepriceofCDplayersincreasesdramatically,causinga1percentincreaseintheCPI.ThepriceincreasewillmostlikelycausetheGDPdeflatortoincreaseby a. morethan1percent. b. lessthan1percent. c. 1percent. d. Itisimpossibletomakeaninformedguesswithoutmoreinformation.4．Anation'sstandardoflivingismeasuredbyits a. realGDP. b. realGDPperperson. c. nominalGDP. d. nominalGDPperperson.5．In2002PresidentBushimposedrestrictionsonimportsofsteeltoprotecttheU.S.steelindustry. a. Thisisaninward-orientedpolicywhichmosteconomistsbelievehaveadverseeffectsongrowth. b. Thisisaninward-orientedpolicywhichmosteconomistsbelievehavebeneficialeffectsongrowth. c. Thisisanoutward-orientedpolicywhichmosteconomistsbelievehaveadverseeffectsongrowth. d. Thisisanoutward-orientedpolicywhichmosteconomistsbelievehavebeneficialeffectsongrowth.6．Generallywheneconomistsandthetexttalkofthe"interestrate,"theyaretalkingaboutthe a. realinterestrate. b. currentnominalinterestrate. c. realinterestrateminustheinflationrate. d. equilibriumnominalinterestrate.7．Anincreaseinthebudgetdeficit a. makesinvestmentspendingfall. b. makesinvestmentspendingrise. c. doesnotaffectinvestmentspending. d. mayincrease,decrease,ornotaffectinvestmentspending.8．NorneCorporationisconsideringbuildinganewplant.Itwillcostthem$1milliontodaytobuilditanditwillgeneraterevenuesof$1,121millionthreeyearsfromtoday.Oftheinterestratesbelow,whichisthehighestinterestrateatwhichNornewouldstillbewillingtobuildtheplant? a. 3percent b. 3.5percent c. 4percent d. 4.5percent9．Recententrantsintothelaborforceaccountforabout a. 1/2ofthosewhoareunemployed.Spellsofunemploymentendabout1/5ofthetimewithpeopleleavingthelaborforce. b. 1/3ofthosewhoareunemployed.Spellsofunemploymentendabout1/2ofthetimewithpeopleleavingthelaborforce. c. 1/4ofthosewhoareunemployed.Spellsofunemploymentendabout1/2ofthetimewithpeopleleavingthelaborforce. d. 1/4ofthosewhoareunemployed.Spellsofunemploymentendabout1/5ofthetimewithpeopleleavingthelaborforce10．Whichofthefollowingbestillustratestheunitofaccountfunctionofmoney? a. YoulistpricesforcandysoldonyourWebsite,sweettooth,indollars. b. YoupayforyourWNBAticketswithdollars. c. Youkeep$10inyourbackpackforemergencies. d. Noneoftheaboveiscorrect.11．CurrentU.S.currencyis a. fiatmoneywithintrinsicvalue. b. fiatmoneywithnointrinsicvalue. c. commoditymoneywithintrinsicvalue. d. commoditymoneywithnointrinsicvalue.12．VelocityinthecountryofShemisalwaysstable.In2002,themoneysupplywas$200billionandtheGDPpricedeflatorwasfourtimesashighasitwasinthebaseyear.In2003,themoneysupplyincreasedto$240billion,thepricelevelincreasedby15percent,andnominalGDPequaled$1,200billion.ByhowmuchdidrealGDPincreasebetween2002and2003? a. 20percent b. 4.35percent c. 2.17percent d. Thereisnotenoughinformationtoanswerthequestion.13．Shoeleathercostsreferto a. thecostofmorefrequentpricechangesinducedbyhigherinflation. b. thedistortioninresourceallocationcreatedbydistortionsinrelativepricesduetoinflation. c. resourcesusedtomaintainlowermoneyholdingswheninflationishigh. d. thedistortioninincentivescreatedbyinflationbytaxesthatdonotadjustforinflation.14．Internationaltrade a. raisesthestandardoflivinginalltradingcountries. b. lowersthestandardoflivinginalltradingcountries. c. leavesthestandardoflivingunchanged. d. raisesthestandardoflivingforimportingcountriesandlowersitforexportingcountries.15．WhichofthefollowingwouldbeU.S.foreignportfolioinvestment? a. DisneybuildsanewamusementparknearRome, b. YoureconomicsprofessorbuysstockincompanieslocatedinEasternEuropeancountries. c. ADutchhotelchainopensanewhotelintheUnitedStates. d. AcitizenofSingaporebuysabondissuedbyaU.S.corporation.16．AVenezuelanfirmpurchasesearth-movingequipmentfromaU.S.companyandpaysforitwithdomesticcurrency.Thistransaction a. increasesU.S.netexports,andincreasesVenezuelannetcapitaloutflow. b. increasesU.S.netexports,anddecreasesVenezuelannetcapitaloutflow. c. decreasesU.S.netexports,andincreasesVenezuelannetcapitaloutflow. d. decreasesU.S.netexports,anddecreasesVenezuelannetcapitaloutflow.17．Attheequilibriuminterestrateintheopeneconomymacroeconomicmodel,theamountthatpeoplewanttosaveequalsthedesiredquantityof a. netcapitaloutflow. b. domesticinvestment. c. netcapitaloutflowplusdomesticinvestment. d. foreigncurrencysupplied.18．Inanopeneconomy, a. netcapitaloutflow=imports. b. netcapitaloutflow=netexports. c. netcapitaloutflow=exports. d. Noneoftheaboveiscorrect.19．Intheopen-economymacroeconomicmodel,therealexchangerateisdeterminedinthemarketwheredollarsareexchangedforforeigncurrencybytheequalityofthesupplyofdollars,whichcomesfrom a. U.S.nationalsavingandthedemandfordollarsforU.S.netexports. b. U.S.netcapitaloutflowandthedemandfordollarsforU.S.netexports. c. domesticinvestmentandthedemandforU.S.netexports. d. foreigndemandforU.S.goodsandU.S.demandforforeigngoods.20．Ifagovernmentincreasesitsbudgetdeficit,theninterestrates a. riseandthetradebalancemovestowardsurplus. b. riseandthetradebalancemovestowarddeficit. c. fallandthetradebalancemovestowardsurplus. d. fallandthetradebalancemovestowarddeficit.21．Investmentspendingdecreaseswhenthepricelevel a. risescausinginterestratestorise. b. risescausinginterestratestofall. c. fallscausinginterestratestorise. d. fallscausinginterestratestofall.22．AnincreaseinthepricelevelandadecreaseinrealGDPintheshortruncouldbecreatedby a. anincreaseinthemoneysupply. b. anincreaseingovernmentexpenditures. c. afallinstockprices. d. badweatherinfarmstates.23．WhichpartofrealGDPfluctuatesmostoverthecourseofthebusinesscycle? a. consumption b. governmentexpenditures c. investment d. netexports24．Accordingtoliquiditypreferencetheory,thepricelevelandinterestrateare a. positivelyrelatedasaretheinterestrateandaggregatedemand. b. inverselyrelatedasaretheinterestrateandaggregatedemand. c. positivelyrelatedwhiletheinterestrateandaggregatedemandareinverselyrelated. d. inverselyrelatedwhiletheinterestrateandaggregatedemandarepositivelyrelated.25．Whichofthefollowingshiftsaggregatedemandtotheright? a. anincreaseinthepricelevel b. anincreaseinthemoneysupply c. adecreaseinthepricelevel d. adecreaseinthemoneysupply26．IftheFedconductsopen-marketsales,themoneysupply a. increasesandaggregatedemandshiftsright. b. increasesandaggregatedemandshiftsleft. c. decreasesandaggregatedemandshiftsright. d. decreasesandaggregatedemandshiftsleft.27．Someeconomistsarguethat a. monetarypolicyshouldactivelybeusedtostabilizetheeconomy. b. fiscalpolicyshouldactivelybeusedtostabilizetheeconomy. c. fiscalpolicycanbeusedtoshifttheADcurve. d. Alloftheabovearecorrect.28．Thelagproblemassociatedwithmonetarypolicyisduemostlyto a. thefactthatbusinessfirmsmakeinvestmentplansfarinadvance. b. thepoliticalsystemofchecksandbalancesthatslowsdowntheprocessofdeterminingmonetarypolicy. c. thetimeittakesforchangesingovernmentspendingtoaffecttheinterestrate. d. Alloftheabovearecorrect.29．A.W.Phillips'findingswerebasedondata a. from1861-1957fortheUnitedKingdom. b. from1861-1957fortheUnitedStates. c. mostlyfromthepost-WorldWarIIperiodintheUnitedKingdom. d. mostlyfromthepost-WorldWarIIperiodintheUnitedStates.30．Whichofthefollowingistrueconcerningthelong-runPhillipscurve? a. Itspositionisdeterminedprimarilybymonetaryfactors. b. Ifitshiftsright,long-runaggregatesupplyshiftsright. c. Itcannotbechangedbyanygovernmentpolicy. d. itspositiondependsonthenaturalrateofunemployment.得分评卷人二、判断题(每题1分，共20分)31．ThegovernmentcomponentofGDPincludessalariespaidtoArmygeneralsbutnotSocialSecuritybenefitstotheelderly.32．AnincreaseinthesavingratedoesnotpermanentlyincreasesthegrowthrateofrealGDPperperson.33．IntenyearswhenyouaretheownerofamajorU.S.corporation,ifyourcorporationopensandoperatesabranchinaforeigncountryyouwillbeengaginginforeigndirectinvestment.34．Corporationsreceivenoproceedsfromtheresaleoftheirstock.35．Accordingtotheruleof70,ifyouearnaninterestrateof3.5percent,yoursavingswilldoubleaboutevery20years.36．Thevalueofastockdependsontheabilityofthecompanytogeneratedividendsandtheexpectedpriceofthestockwhenthestockholdersellshershares.37．Aminimumwageaboveequilibriumcreatesalaborsurplus.38．Accordingtothetheoryofefficiencywages,firmsoperatemoreefficientlyiftheycanpaywagesthatarebelowtheequilibriumlevel.39．Theuseofmoneyallowstradetoberoundabout.40．Thequantitytheoryofmoneycanexplainhyperinflationsbutnotmoderateinflation.41．Ineveryeconomy,nationalsavingequalsdomesticinvestmentplusnetcapitaloutflow.42．Intheopen-economymacroeconomicmodel,netexportsrepresentthequantityofdollarsdemandedintheforeign-currencyexchangemarket.43．Althoughtradepoliciesdonotaffectacountry'soveralltradebalance,theydoaffectspecificfirmsandindustries.44．Ifspeculatorsbidupthevalueofthedollarinthemarketforforeign-currencyexchange,aggregatedemandwouldshifttotheleft.45．Inresponsetoadecreaseinoutputtheeconomywouldreverttoitsoriginallevelofpricesandoutputwhetherthedecreaseinoutputwascausedbyadecreaseinaggregatedemandoradecreaseinaggregatesupply.46．JohnMaynardKeynesadvocatedpoliciesthatwouldincreaseaggregatedemandasawaytodecreaseunemploymentcausedbyrecessions.47．Anincreaseinthemoneysupplyshiftstheaggregatesupplycurveright.48．Unemploymentinsuranceandwelfareprogramsworkasautomaticstabilizers.49．Inthelongrun,theinflationratedependsprimarilyonmoneysupplygrowth.50．Althoughmonetarypolicycannotreducethenaturalrateofunemployment,othertypesofpoliciescan.得分评卷人三、名词解释(每题2分，共10分)51．catch-upeffect:52．depreciation:53．capitalflight:54．recession:55．automaticstabilizers:得分评卷人四、简答题(8题中任选6题；每题5分，共30分)56．CompareandcontrastthepopulationtheoriesofMalthusandKremer.57．Usingagraphrepresentingthemarketforloanablefunds,showandexplainwhathappenstointerestratesandinvestmentifagovernmentgoesfromadeficittoasurplus.58．WhichtwooftheTenPrinciplesofEconomicsimplythattheFedcanprofoundlyaffecttheeconomy?59．TheU.S.TreasuryDepartmentissuesinflation-indexedbonds.Whatareinflation-indexedbondsandwhyaretheyimportant?60．Makealistofthingsthatwouldshiftthelong-runaggregatesupplycurvetotheright.61．Illustratetheclassicalanalysisofgrowthandinflationwithaggregatedemandandlong-runaggregatesupplycurves.62．HowdoesareductioninthemoneysupplybytheFedmakeowningstockslessattractive?63．Whyandinwhatwayarefiscalpolicylagsdifferentfrommonetarypolicylags?得分评卷人五、讨论题(2题中任选1题；每题10分，共10分)64.Supposegovernmentspends$3billiontobuypolicecars.Explainwhyaggregatedemandmightincreasebymorethan$3billion.Explainwhyaggregatedemandmightincreasebylessthan$3billion.65.In1939,withtheU.S.economynotyetfullyrecoveredfromtheGreatDepression,PresidentRooseveltproclaimedthatThanksgivingwouldfallaweekearlierthanusualsothattheshoppingperiodbeforeChristmaswouldbelonger.Explainthisdecision,usingthemodelofaggregatedemandandaggregatesupply.《宏观经济学》答题纸题号一二三四五总分得分得分评卷人一、选择题(每题1分，共30分)1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.25.26.27.28.29.30.得分评卷人二、判断题(正确用“T〞；错误用“F〞；每题1分，共20分)31.32.33.34.35.36.37.38.39.40.41.42.43.44.45.46.47.48.49.50.得分评卷人三、名词解释(每题2分，共10分)51．catch-upeffect:52．depreciation:53．capitalflight:54．recession:55．automaticstabilizers:得分评卷人四、简答题(8题中任选6题；每题5分，共30分；答题时请标明题号)得分评卷人五、讨论题(2题中任选1题；每题10分，共10分；答题时请标明题号)《宏观经济学》试卷A参考答案1.c2.c3.d4.b5.a6.a7.a8.b9.b10.a11.b12.b13.c14.a15.b16.b17.c18.b19.b20.b21.a22.d23.c24.c25.b26.d27.d28.a29.a30.d31.T32.T33.T34.T35.T36.T37.T38.F39.T40.F41.T42.T43.T44.T45.F46.T47.F48.T49.T50.T51.thepropertywherebycontriesthatstartoffpoortendtogrowmorerapidlythancountriesthatstartoffrich.52.adecreaseinthevalueofacurrencyasmeasuredbytheamountofforeigncurrencyitcanbuy.53.alargeandsuddenreductioninthedemandforassetslocatedinacountry.54.aperiodofdecliningrealincomesandrisingunemployment.55.changesinfiscalpolicythatstimulateaggregatedemandwhentheeconomygoesintoarecessionwithoutpolicymakershavingtotakeanydeliberateaction.56.ThedifferenceisthatMalthuspredictedthatpopulationgrowthwouldbegreaterthangrowthintheabilitytoincreaseoutput.Hebelievedthatpeoplewouldcontinuetopopulatetheearthuntiloutputreachedasubsistencelevel.OntheotherhandKremerarguesthatpopulationgrowthincreasedproductivityallowingpeopletoimprovetheirstandardoflivingdespitegrowingpopulation.Kremerarguesthatwithmorepopulationcomesmoreinnovations.Theimprovementsintechnologymorethanoffsetanyadverseimpactoftheincreaseinpopulationonthestandardofliving.57.Asshowninthegraphbelow,theeconomystartsinequilibriumatpointE0withinterestrater0andequilibriumquantityofsavingandinvestmentatq0.Ifthegovernmentsucceedsinobtainingasurplus,therewillbemorepublicsavingintheeconomyateachinterestrate,andthesupplyofloanablefundscurvewillshiftfromS0toS1.ThenewequilibriumwillbeatE1,withalowerinterestrate,r1andahigherquantityofsavingandinvestment,q1.Hence,ifthefederalgovernmentsucceedsinhavingasurplus,interestrateswillfallandinvestmentwillincrease.MarketforLoanableFunds58. 1. Pricesrisewhenthegovernmentprintstoomuchmoney. 2. Thereisashort-runtradeoffbetweeninflationandunemployment.59.Inflation-indexedbondsarebondswhoseinterestandprincipalpaymentsareadjustedupwardforinflation,guaranteeingtheirrealpurchasingpowerinthefuture.Theyareimportantbecausetheyprovideasafe,inflation-proofassetforsaversandtheymayallowtheTreasurytoborrowmoreeasilyatalowercurrentcost.60.Examplesinthetext(orvariations)includeincreasedimmigration,ad