习题集二
PART A
QUESTION 1
An increa in the marginal propensity to consume from 0.5 to 0.7 will cau:
a) the ZZ line to become steeper and a given change in government spending (G) to have a smaller effect on output.
b) the ZZ line to become steeper and a given change in government spending (G) to have a larger effect on output.
c) the ZZ line to become flatter and a given change in government spending (G) to have a smaller effect on output.
d) the ZZ line to become flatter and a given change in government spending (G) to have a larger effect on output.
QUESTION 2
Ba on the model of the “goods market”, we know that an equal and simultaneous reduction in G and T will cau:
a) an increa in output
b) no change in output
c) a reduction in output
d) 乡思李觏三国刘备an increa in investment
QUESTION 3
Using the information below, answer the following question
C =1000+.8YD
I = 800
G = 2000
T = 1000
The equilibrium level of GDP for the above economy equals:
a) 6000
b) 8000
c) 10000
d) 15000
QUESTION 4
Suppo the central bank wishes to conduct expansionary monetary policy. Given this, we would expect which of the following to occur?
a) A central bank purcha of bonds and an increa in the interest rate.
b) A central bank purcha of bonds and a reduction in the interest rate.
c) A central bank sale of bonds and increa in the interest rate.
d) 美文600A central bank sale of bonds and reduction in the interest rate.
QUESTION 5
An increa in income will tend to cau:
a) an increa in bond prices and an increa in the interest rate
b) a reduction in bond prices and an increa in the interest rate.
c) an increa in bond prices and a reduction in the interest rate
d) a reduction in bond prices and an increa in the interest rate
Note: Y↑→ Md↑→ i↑→ bond price↓
QUESTION 6
Which of the following occurs as the economy moves rightward (downward) along the IS curve?
a) A reduction in the interest rate caus investment spending to increa.
b) A reduction in the interest rate caus money demand to increa.
c) A reduction in the interest rate caus an increa in the money supply.
d) An increa in government spending caus an increa in demand for goods.
QUESTION 7
Suppo the economy is operating on the LM curve but not on the IS curve. Given this information, we know that:
a) the goods market is in equilibrium and the money market is not in equilibrium.
b) The money market and bond markets are in equilibrium and the goods market is not in equilibrium.
c) The money market and goods market and goods market are in equilibrium and the bond market is not in equilibrium.马马
d) The money, bond and goods markets are all in equilibrium.
QUESTION 8
Suppo investment spending depends only on the interest rate. Given this information. A reduction in government spending:
a) will cau investment to decrea
b) will cau investment to increa
c) 彦宏may cau investment to increa
d) will have no effect on output
QUESTION 9
Suppo the is a simultaneous tax cut and open market purcha of bonds. Which of the following must occur as a result of this?
a) Output increa
b) Output decrea
c) The interest rate increa
d) The interest rate decrea
QUESTION 10
An increa in the aggregate price level. P. will most likely have which of the following effects?
a) A rightward shift in the IS curve.
b) A leftward shift in the IS curve.
c) An upward shift in the LM curve.
冯曦妤d) A downward shift in the LM curve.
QUESTION 11
Efficiency wage theory suggests that:
a) workers will be paid more than their rervation wage
b) productivity might drop if the wage rate is too high.
c) The government can only t tax rates tax rates so high before people will prefer not to work
d) Unskilled workers will have a lower turnover rate than skilled workers
QUESTION 12
In a graph with the real wage on the vertical axis, and the level of employment on the hori
zontal axis, the price-tting equation will appear as :
a) a vertical line
b) a horizontal line
c) an upward- sloping line
d) 假酸浆a downward –sloping line
QUESTION 13
In the aggregate supply relation, an increa in current output caus:
a) 出生医学证明a shift of the aggregate supply curve
b) an increa in the current price level
c) a change in the expected price level this year
d) an increa in the labour force.
QUESTION 14
In the aggregate demand relation, a reduction in the price level cau output to increa becau of its effect on:
