经济学：世界经济分析(一)
(总分41, 做题时间90分钟)
单项选择题
1.
Which of the following is the most accurate definition of the velocity of money? The velocity of money is the:
∙A. GDP of a country divided by its price level.
∙B. money supply of a country divided by its price level.
∙C. GDP of a country divided by its money supply.
A B C D
该题您未回答:х 该问题分值: 1
答案:C
Velocity is the average number of times per year each dollar is ud to buy goods and rvices (velocity = GDP/money). Therefore, the money supply multiplied by velocity must equal nominal GDP. The equation of exchange must hold with velocity defined in this way. Letting money supply = M, velocity = V, price = P, and real output = Y, the equation of exchange may be symbolically expresd as : MV = PY.
2.
If the money interest rate is measured on the y-axis and the quantity of money is measured on the x-axis, the money supply curve is:
∙A. horizontal. chee是什么意思
∙B. upward sloping to the upper right.
∙C. vertical.
A sunxB C D
该题您未回答:х 该问题分值: 1
答案:american girlC
The money supply schedule is vertical becau it is not affected by changes in the interest rate but is determined by the monetary authorities such as the Federal Rerve System (Fed) in the United States.
3.
The demand for money curve reprents the relationship between the quantity of money demanded and:
∙A. the quantity of money supplied.
∙B. short-term interest rates.
∙C. the price level.
wavinflagA B C D
该题您未回答:х 该问题分值: 1
答案:B
The demand for money curve reprents the relationship between short-term interest rates and the quantity of real money that houholds and firms demand to hold.
4.
When an economy dips into a recession, automatic stabilizers will tend to alter governme
nt spending and taxation so as to:
∙A. reduce the budget deficit (or increa the surplus).
∙B. enlarge the budget deficit (or reduce the surplus).
∙C. ensure that the budget will remain in balance.
A B stoveC D
该题您未回答:х 该问题分值: 1
答案:nut是什么意思B
During a recession unemployment is high, so the government will pay out more in **pensation at the exact time that tax receipts from corporations and individuals are low. This will increa the size of the deficit and also maintain aggregate demand during recessionary periods.
湖南化妆学校5.
Which one of the following is NOT a major prediction of the effects of monetary policy?
∙A. The inflation rate and money interest rates are directly related.
∙B. Inflation will remit from the rapid and persistent growth of the money supper.
∙C. There is a strict relationship between shifts in monetary policy and changes in output and prices.
A B C 猴子的英文单词D
该题您未回答:х 该问题分值: 1
答案:C
The relationship between shifts in monetary policy and changes in output and prices is no
初中英语听课记录t precily specified. Markets do not adjust immediately to changes in demand. For example, when long-term contracts are in place, adjustments may not be effected for many months or even years.
6.
If a central bank wants to implement expansionary monetary policy, how would the central bank u the following monetary tools?
Rerve Requirements Open Market Operations Discount Rate
①A. Lower Buy additional government curities Lower
②B. Lower Sell previous purchad government curities Rai
③C. Rai Sell previous purchad government curities Rai
A. ①B. ②C. ③
A B C 最熟悉的陌生人 mp3D
该题您未回答:х 该问题分值: 1
答案:A
Expansionary monetary policy involves reducing rerve requirements, purchasing addition government curities, and lowering the discount rate.
7.
A recession is defined as a period during which real gross domestic product (GDP) declines for:
∙A. one or more successive quarters.
∙B. two or more successive quarters.
∙C. three or more successive quarters.
A B C D
该题您未回答:х 该问题分值: 1
答案:B
A recession is defined as a period during which real GDP declines for two or more successive quarters. A depression is defined as a prolonged and very rious recession.
8.
ff the economy is just beginning to come out of a recession, which of the following would reprent a typical quence of phas in the business cycle?
∙A. Expansion, business peak, contraction, recessionary trough.
