第34章货币政策和财政政策对总需求的影响
1. According to classical macroeconomic theory,
a. the price level is sticky in the short run and it plays only a minor role in the short-run adjustment process.
b. for any given level of output, the interest rate adjusts to balance the supply of, and demand for, money.
c. output is determined by the supplies of capital and labor and the available production technology.
d. All of the above are correct.
译林少儿英语2. For the U.S. economy, which of the following helps explain the slope of the aggregate-demand curve?
a. An increa in the price level decreas the interest rate.
b. An increa in the price level increas the interest rate.
parenthoodc. An increa in the money supply decreas the interest rate.
d. An increa in the money supply increas the interest rat
e.
3. Which of the following claims concerning the importance of effects that explain the slope of the U.S. aggregate-demand curve is correct?
a. The exchange-rate effect is relatively small becau exports and imports are a small part of real GDP.
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b. The interest-rate effect is relatively small becau investment spending is not very responsive to interest rate changes.
c. The wealth effect is relatively large becau money holdings are a significant portion of most houholds' wealth.
d. None of the above is correct.
4. In recent years, the Federal Rerve has conducted policy by tting a target for the
a. size of the money supply.
b. growth rate of the money supply.
c. federal funds rate.
d. discount rat
e.
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5. For the U.S. economy, which of the following is the most important reason for the downward slope of the aggregate-demand curve?
a. the wealth effect
b. the interest-rate effect
c. the exchange-rate effect
d. the real-wage effect
答案：CBACB
6. If the interest rate increas
a. or if the price level increas, then people will want to hold more money.
b. or if the price level increas, then people will want to hold less money.
c. or if the price level decreas, then people will want to hold more money.
d. or if the price level decreas, then people will want to hold less money.
7. If there is excess demand for money, then people will
a. deposit more money into interest-bearing accounts, and the interest rate will fall.
b. deposit more money into interest-bearing accounts, and the interest rate will ri.
c. withdraw money from interest-bearing accounts, and the interest rate will fall.
d. withdraw money from interest-bearing accounts, and the interest rate will ris
e.
8. The interest rate falls if
a. either money demand or money supply shifts right.
b. money demand shifts right or money supply shifts left.
c. either money demand or money supply shifts left.
d. money demand shifts left or money supply shifts right.
9. Other things equal, in the short run a higher price level leads houholds to
a. increa consumption and firms to buy more capital goods.
b. increa consumption and firms to buy fewer capital goods.
c. decrea consumption and firms to buy more capital goods.
d. decrea consumption and firms to buy fewer capital goods.
10. Open-market purchas
a. increa the price level and real GDP.
b. decrea the price level and real GDP.
c. increa the price level and decrea real GDP.
d. decrea the price level and increa real GDP.
答案：DDDDA
tyranny11. According to the crowding-out effect,
a. an increa in aggregate demand increas interest rates.
b. an increa in aggregate demand decreas interest rates.
c. an increa in aggregate demand increas money deman
d.
d. Both a and c are correct.
12. If the multiplier is 5, the MPC is
a. 0.05.
b. 0.5.
c. 0.6.
d. 0.8.
13. When the interest rate increas,
a. the opportunity cost of holding money falls, so people will want to hold less money.
b. the interest that people lo by holding a given amount of money in their pur increas, so people will want to hold less money.
c. the liquidity of non-monetary asts decreas so that people will want to hold more money.
d. None of the above are correct.
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14. A decrea in government spending initially and primarily shifts
a. aggregate demand right.
b. aggregate demand left.
c. aggregate supply right.
d. neither aggregate demand nor aggregate supply.
15. The multiplier effect is
a. the multiplied impact on investment of a given increa in interest rates.
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b. the multiplied impact on aggregate demand of a given increa in government purchas.
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c. the multiplied impact on the money supply of a given increa in government purchas.
d. the multiplied impact on tax revenues of a given increa in government purchas.
答案：DDBBB
11D：扩张性财政政策——总需求增加——货币需求增加——利率上升——投资减少——总需求减少
16. Most economists believe that fiscal policy affects
a. only aggregate demand and not aggregate supply.
b. mostly aggregate demand.
c. mostly aggregate supply.ablaze
d. Both a and b are correct.
17. A decrea in government spending
a. increas the interest rate and so investment spending increas.
b. increas the interest rate and so decreas investment spending decreas.
c. decreas the interest rate and so investment spending increas.
d. decreas the interest rate and so investment spending decreas.
18. Assume the MPC is 0.75. Assume there is a multiplier effect and that the total crowding-out effect is $6 billion. An increa in government purchas of $10 billion will shift aggregate demand to the
a. left by $24 billion.
b. left by $36 billion.
c. right by $34 billion.
d. right by $36 billion.
19. Congress is debating whether to rai taxes by $100 billion or decrea spending by $100 billion in order to eliminate a budget deficit. Which action will have the larger effect on equilibrium GDP?
a.the increa in taxes
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b.the decrea in spending
c.the effects will be equal
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20. An automatic stabilizer is a feature of the economy that
a.makes prices “sticky.”
c.maximizes its volatility.
d.automatically reduces recessionary trends.
答案：BCCBB
