中級宏觀經(jīng)濟學1試題

中級宏觀經(jīng)濟學1試題中級宏觀經(jīng)濟學1試題中級宏觀經(jīng)濟學1試題中級宏觀經(jīng)濟學1試題編制僅供參考審核批準生效日期地址：電話：傳真:郵編:Final（A）Name：Class：St.No.：Score：Ⅰ.ChoosetheBestAnswerforEachQuestion.(2′×30)（）1.WhichofthefollowingisnotincludedinGDPA.ThesalarypaidtoafederaljudgeB.ThevalueofhousingservicesenjoyedbyhomeownersC.ThevalueofautomobileservicesenjoyedbycarownersD.Thevalue-addedofashippingcompanythattransportsgoodsfromthefactorytoretailstores（）2.Theconsumerpriceindex(CPI)A.measuresthepriceofafixedbasketofgoodsandservices.B.measuresthepriceofabasketofgoodsandservicesthatconstantlychangesasthecompositionofconsumerspendingchanges.C.measurestheamountofmoneythatittakestoproduceafixedlevelofutility.D.isoneofthemanystatisticsintheNationalIncomeAccounts.（）3.Supposethataconsumerhasamarginalpropensitytoconsumeof.Ifthisconsumerreceivesandextra$2ofdisposableincome,hersavingwouldbeexpectedtoincreasebyA.$.B.$.C.$.D.$.（）4.Choosethepairofwordsthatbestcompletesthissentence:Investmentdependsonthe________interestratebecausehigherinflationwill________thevalueofthedollarswithwhichthefirmwillrepaytheloan.A.

real,increaseB.

nominal,increaseC.

real,decreaseD.

nominal,decrease（）5.Consideraneconomywheretheonlygoodstradedarecoconutsandpineapples.Lastyear,100coconutsweresoldat$1apiece,and200pineapplesweresoldat$apiece.Ifthemoneysupplywas$100,whatwasvelocityA.30B.15C.6D.5（）6.Whenthegovernmentraisesrevenuebyprintingmoney,itimposesan"inflationtax"becausetheA.realvalueofmoneyholdingsfalls.B.interestratefalls.C.differencebetweennominalandrealinterestratesbecomessmaller.D.nominalvalueofmoneyholdingsfalls.（）7.Inasmallopeneconomy,whichinterestrateequalstheworldinterestrateA.TherealinterestrateB.ThenominalinterestrateC.BoththerealandthenominalinterestratesD.Itdependsonwhethertheexchangerateisfixedorfloating.（）8.Ifacountry'srealexchangeratefalls(depreciates),thenA.netexportsrise.B.netexportsfall.C.exportsandimportsrisebythesameamount.D.exportsandimportsfallbythesameamount.（）9.Supposethat2percentoftheemployedlosetheirjobseachmonth(s=and38percentoftheunemployedfindajobeachmonth(f=.Then,thesteady-staterateofunemploymentisA.2percent.B.5percent.C.16percent.D.36percent.（）10.StructuralunemploymentresultswhenA.theminimumwageissettoincreaseinthenearfuture.B.thereisgenerousunemploymentinsurance.C.workersaretemporarilylaidoffduetoweatherconditions.D.therealwageisaboveitsmarket-clearinglevel.（）11.Supposethatthecapitalstockis100,thedepreciationrateis10percentperyear,andoutputis25.WhatmustthesavingratebetokeepthecapitalstockconstantA.percentB.10percentC.25percentD.40percent（）12.Iftwoeconomiesareidenticalexceptfortheirratesofpopulationgrowth,thenifbotheconomiesareinsteadystate,theeconomywiththehigherrateofpopulationgrowthwillhaveaA.

lowerrateofgrowthoftotaloutput.B.

higherrateofgrowthoftotaloutput.C.

lowerrateofgrowthofoutputperperson.D.

higherrateofgrowthofoutputperperson.（）13.IntheSolowgrowthmodelwithpopulationgrowth(n)andtechnologicalprogress(g),thesteady-stategrowthrateoftotaloutputisA.0.B.n.C.g.D.n+g.（）14.AdvocatesoftheY=AKmodelinterpretcapitalasA.consistingsolelyofthestockofplantsandequipment.B.beinginverselyrelatedtotechnologicalprogress.C.includingknowledge.D.beingdeterminedbyexogenousforces.（）15.ThemodelofaggregatesupplyandaggregatedemandthatassumesstickypricesA.doesnotexplaineconomicfluctuations.B.showsthatoutputdependsondemandaswellassupply.C.showsthatmonetaryandfiscalpolicyarealwaysdestabilizinginfluencesontheeconomy.D.showsthatmonetarypolicyisneutral.（）16.TheAS/ADmodelwithstickypricespredictsthat,inthelongrun,areductionofthemoneysupplyresultsinA.lowerpricesandloweroutput.B.lowerpricesandnochangeinoutput.C.nochangeinpricesandloweroutput.D.nochangeinpricesoroutput.（）17.Ifinvestmentbecomeslesssensitivetotheinterestrate,thentheA.LMcurvebecomessteeper.B.LMcurvebecomesflatter.C.IScurvebecomessteeper.D.IScurvebecomesflatter.（）18.AccordingtotheIS-LMmodel,ifthecentralbankincreasesthemoneysupply,thentheinterestrateA.fallsandincomefalls.B.fallsandincomerises.C.risesandincomefalls.D.risesandincomerises.（）19.Theslowdowninthe.economyin2001canbeexplainedbyA.negativeshockstotheIScurveresultinginafallinaggregatedemand.B.negativeshockstotheLMcurveresultinginafallinaggregatedemand.C.negativeshockstotheIScurveresultinginafallinaggregatesupply.D.negativeshockstotheLMcurveresultinginafallinaggregatesupply.（）20.TheMundell-Flemingmodelpredictsthat,inY-espace,anappreciationoftheexchangeratewillcausetheIS*curvetoA.shifttotheleft.B.shifttotheright.C.becomesteeper.D.remainunchanged.（）21.AccordingtotheMundell-Flemingmodel,inasmallcountrywithafloatingexchangerate,ataxcutwillcausetheexchangeratetoA.rise.B.riseinthesameproportionasinflation.C.remainconstant.D.fall.（）22.Inthesticky-wagemodel,outputdeviatesfromthenaturalratethroughA.unexpectedchangesinthenominalwage.B.expectedchangesinthepricelevel.C.unexpectedchangesinthepricelevel.D.expectedchangesintherealwage.（）23.TheLucascritiqueisbasedonA.theinsidelagofeconomicpolicy.B.thePhillipscurve.C.automaticstabilizers.D.thefactthatpeople'sexpectationsarerational.（）24.IfRicardianequivalenceholdsandthegovernmentcutstaxeswithoutanyplanstoreducegovernmentspending,thenaforward-lookingconsumerwouldA.increaseconsumptionbythesameamountasthetaxcut.B.increaseconsumptionbythetaxcuttimesthemarginalpropensitytoconsume.C.leaveconsumptionunchangedinordertosaveforfuturetaxes.D.decreaseconsumptioninordertosaveforfuturetaxes.（）25.Inatwo-periodconsumptionmodel,ariseintheincomeofthesecondperiodwouldcauseconsumptioninthefirstperiodtoA.risebecauseoftheincomeeffect.B.fallbecauseofthesubstitutioneffect.C.remainconstantbecausetheincomeandsubstitutioneffectscanceleachother.D.beundeterminedwithoutmoreinformationaboutsizesoftheincomeandsubstitutioneffects.（）26.Friedman'spermanent-incomehypothesisassertsthatthemarginalpropensitytoconsumeoutofincomeisA.one.B.zero.C.higherforpermanentincomethanitisfortemporaryincome.D.lowerforpermanentincomethanitisfortemporaryincome.（）27.ThecostofcapitaldoesnotdependontheA.interestrate.B.rateatwhichtheoverallpricelevelischanging.C.depreciationrate.D.rateatwhichcapitalpricesarechanging.（）28.Ifthecurrency-depositratio(cr)is5percentandthereserve-depositratio(rr)is30percentthenthemoneymultiplier(m)isA..B.3.C.4.D.20.（）29.IntheBaumol-Tobinmodelofcashmanagement,ifthenominalinterestraterises,individualswouldbeexpectedtoholdA.lessmoneyandmakefewertripstothebank.B.lessmoneyandmakemoretripstothebank.C.moremoneyandmakefewertripstothebank.D.moremoneyandmakemoretripstothebank.（）30.Interestratesareanimportantpartofreal-business-cycletheorybecausetheyA.aremonetarypolicyinstruments.B.affecttheintertemporalsubstitutionoflabor.C.affectonlyrealvariables.D.linknominalandrealvariables.II(10′)InthecapitalshareofGDPisabout30percent;theaveragegrowthinoutputisabout3percentperyear;thedepreciationrateisabout4percentperyear;andthecapital-outputratioisabout.SupposethattheproductionfunctionisCD,sothatthecapitalshareinoutputisconstant,andthattheUnitedStateshasbeeninasteadystate.a.Whatmustthesavingratebeintheinitialsteadystateb.Whatisthemarginalproductofcapitalintheinitialsteadystatec.WhatwillthemarginalproductofcapitalbeattheGoldenRulesteadystated.Whatwillthecapital-outputratiobeattheGoldenRulesteadystatee.WhatmustthesavingratebetoreachtheGoldenRulesteadystateIII.(10′)Supposethatinvestmentdependsonbothincomeandtheinterestrate,.,theinvestmentfunctionis,whereaisaconstantbetween0and1whichmeasurestheinfluenceofnationalincomeoninvestment,andbisaconstantgreaterthan0whichmeasurestheinfluenceoftheinterestrateoninvestment.UsetheIS-LMmodeltoconsidertheshort-runimpactofanincreaseingovernmentpurchasesonnationalincomeY,theinterestrater,consumptionC,andinvestmentI.HowmightthisinvestmentfunctionaltertheconclusionsimpliedbythebasicIS-LMmodelIV.(10′)SupposethataneconomyhasthePhillipscurveandthatthenaturalrateofunemploymentisgivenbyanave