中大嶺院經(jīng)原宏觀部分期末試題卷A卷

13/1308級(jí)嶺院經(jīng)原宏觀部分期末試題A卷此試題經(jīng)“特殊途徑”獲取，吳老師也不知道。千萬不要外傳，更不要拿題目問老師，給吳老師知道了，他就不會(huì)出同樣的題了。大家一定要低調(diào)，低調(diào)。另外，特別鳴謝樊婧同學(xué)無私奉獻(xiàn)本試題~大家期末考加油^_^Multiple-choicequestions（30%）Thegoalsofmacroeconomicpolicyinclude:highemploymentlowunemploymentstablepricesgrowingrealGDPalloftheaboveSupposethatinaparticularyear,nominalGDPislessthanrealGDP.Thisimpliesthat:inflationislowinflationishightheyearinquestionpriortothebaseyeartheyearinquestionafterthebaseyeartheanswercannotbedeterminedfromtheinformationgivenThetwoapproachesthateconomistsusetomeasureGDPare:thegoodsflowandinvestmentflowcurrentsurveysandhistoricaldatatheproductflowandspendingflowhouseholdtaxreturnsandcorporatetaxreturnstheproductflowandtheearningsflowWhatmustbedonetoequalizetheflow-of-productandtheearningsorcostapproaches?Intermediategoodsmustbesubtractedfromtheflow-of-productsumProfitsmustbeconsideredaresidualcostImputedrentsmustbeexcludedThedollarvalueofservicesproducedmustbeincludedintheflow-of-productTransferpaymentsbythegovernmentmustbeincludedintheflow-of-costapproachTheMPCistheratioofExtraconsumptiontoextraineExtraconsumptiontoextrasavingExtraconsumptiontototalineTotalconsumptiontototalineBreak-evenconsumptiontobreak-evenineWhichofthefollowingisnotconsideredacategoryofinvestment?Stockandbondpurchases.PurchasesofplantandequipmentPurchasesaddingtoinventoriesResidentialhousingconstructionNoneofaboveWhichofthefollowingbestdescribesthemoney-supplyeffect?Aspricesrise,tightmoneyleadstoadecreaseintotalrealspendingAstheFedinjectsmoremoneyintotheeconomy,pricesincreaseTightmoneycausesrecessionsThegreaterthemoneysupply,thegreaterthegrowthoftheeconomyNoneoftheaboveOnthebasisoftheKeynesianmodelofoutputdetermination,equilibriumgrossdomesticproductisdescribedbyallbutwhichoneofthefollowing?IntersectionofSSschedulewiththeIIscheduleIntersectionoftheconsumption-plus-savingschedulewiththeinvestmentscheduleIntendedinvestmentequalsactualinvestmentMaintainableC+Ispendingequalsproductionexpenses,includingprofitIntersectionoftheC+Ilinewiththe45-degreelineWhichofthefollowingbestdescribestheacceleratorprinciple?Onceaneconomypassesapeak,thedeclinebeesself-perpetuatingAneconomyrecoveringfromatrough,firstgrowsfaster,thenslowerInvestmentspendingisstimulatedbyagrowingeconomy;thisinturnencouragesmoreeconomicgrowthTheaccelerate-principleisrelatedtolargeexternalshockstotheeconomyNoneoftheaboveOnthebasisoftheKeynesianmodelofoutputdeterminationforaclosedeconomy,themultipliercanbeexpressedalgebraicallyas:1/MPC1/MPC–1/MPS1/(1-MPS)1/MPSMPC/MPSWhichofthefollowingisanaccuratestatementaccordingtotheKeynesianmodel?PricesandwagesalwaysrespondquicklytoclearmarketsTheaggregatesupplycurveisverticalabovepotentialGDPChangesinaggregatedemandcanaffectGDP,intheshortrunatleast,ifthereexistunemployedresourcesPolicyhasnoeffectonthelevelofemploymentbecauseitcannotchangethelevelofGDPAlloftheaboveAreductioninlegalrequiredreserveratiowilltendtoReducethemoneysupplyandreducemercialbankloansReducethemoneysupplyandincreasemercialbankloansIncreasethemoneysupplyandincreasemercialbankloansIncreasethemoneysupplyanddecreasemercialbankloansLeavethemoneysupplyunaffectedThepoweroftheFederalReservetoexpandthetotalmoneysupplyisconsiderablyrestrictedif:mercialbankswishtoholdnovaultcashmercialbanksareholdinglargeexcessreservesmercialbanksareholdingjusttherequiredamountofreservesAllmercialbanksaremembersoftheFederalReserveInterestratesarehighRequiredreserveratios:ExistprimarilytoensurethatdepositsaresafeExisttopenalizebanksthatarememberoftheFederalReserveSystemExistprimarilytohelptheFedcontrolthemoneysupplyExistforalloftheabovereasonsExistfornoneoftheabovereasonsIflegalrequiredreservereserveratiosareincreased,thenthereisatendencyfor:ThemoneysupplytodecreaseandmercialbankloanstoincreaseBothmoneysupplyandmercialbankloanstodecreaseThemoneysupplytoincreaseandmercialbankloanstodecreaseBothmoneysupplyandmercialbankloanstoincreaseThemoneysupplytodecreaseandmercialbankloanstoremainunchangedAreductioninreserverequirementsofmemberbankstendstocounterarecessionby:TheissuingandredemptionofgoldcertificatesConsumer-creditcontrolsDiscount-ratepolicyChangesinbankreserverequirementsOpen-marketoperationsTheFederalReserveauthorities’singlemostimportantstabilizingweaponis:TheissuingandredemptionofgoldcertificatesConsumer-creditcontrolsDiscount-ratepolicyChangesinbankreserverequirementsOpen-marketoperationsRaisingthediscountrate,ifeffective,tendsto:ExpendthemoneysupplyandlowerinterestratesExpendthemoneysupplyandraiseinterestratesContractthemoneysupplyandraiseinterestratesContractthemoneysupplyandlowerinterestratesDononeoftheaboveWhichoneofthefollowingbinationsrepresentsthetoolsofmonetarypolicythataremostavailabletotheFederalReserveintheeffectiveexerciseofmonetarypolicy?Discount-ratepolicy,controloverstock-buyingmarginrequirements,andmoralsuasionMoralsuasionandreserve-requirementchangesOpen-marketoperations,reserverequirementchanges,anddiscount-ratechangesDiscount-ratepolicyandreserve-requirementchangesReserve-requirementchangesandselectivecontrolsoverconsumerandmortgagecreditInaMalthusiandevelopmentcontext,greaterrealwageratesArefosteredbylabor-savingdevicesOccurwithgreaterpopulationOccurwithlesslandAreconsistentwithlesslaborperacreAreconsistentwithmorelaborperacreCapital-deepeningcoupledwithsteadyprofitratesandtechnologicalprogressmustresultin:Ahighercapital-outputratioAlowerinterestrateAhigherwagerateAnincreaseinlabor’srelativeshareofGDPCapitaldepreciationincreasesTechnologicalchangecauses:AdropinthereturnoncapitalAdropinthereturnonlaborAreductionintherateofgrowthAdecreaseintherateofcapitalaccumulationArightwardshiftintheproduction-possibilityfrontierAccordingtotheSolowgrowthmodel,capitaldeepeningrefersto:Theprocessbywhichthecapital-laborratioincreaseovertimeTechnologicaladvancesincapitalequipmentovertimeThedeclineineconomicgrowthresultingfromthedisplacementofworkersbycapitalequipmentTheself-perpetuatingcycleofgrowthbetweentechnologicaladvancesandcapitalequipmentNoneoftheaboveThebackwardnesshypothesissuggeststhat:Developingnationscandrawuponthecapital,skills,andtechnologyofmoreadvancednationsToday’sdevelopingeconomiesmaybeabletogrowmorerapidlythanthoseinthepastKuznet’sapproachtoeconomicgrowthmaybethemostaccurateAlltheaboveAandBonlySupposethatgovernmentspendingrises.AssumingthattheeconomyisoperatingatpotentialGDP,thelong-runeffectofthispolicychangeshouldbe:HigherpriceswithnochangeinoutputHigherpriceswithhigheroutputHigherpriceswithloweroutputLowerpriceswithhigheroutputLowerpriceswithnochangeinoutputOkun’sLawsuggeststhateveryreductionof2percentinGDPbelowpotentialGDPcanbeexpectedtobeassociatedwith:A1percentreductioninunemploymentA1percentincreaseininflationAnincreaseinunemploymentof1percentagepointAreductionininflationof1percentagepointNoneoftheaboveStructuralunemploymentisdefinedas:IncessantmovementofpeoplebetweenregionsandjobsorthoroughdifferentstagesofthelifecycleAmismatchbetweenthesupplyofandthedemandforworkersWhentheoveralldemandforlaborislowWhenpeoplearenotlookingforworkNoneoftheaboveAtthenonacceleratinginflationaryrateofunemployment(NAIRU):UnemploymentisaslowasitcanpossiblygetTheunwmploymentrateiszeropercent,orclosetoitInflationisstableandhasnotendencytochangeStructuralunemploymentiszeropercentAlloftheaboveIfinflationwerecausedbyasupply-sidepriceshock,then:RealGDPwouldnecessarilyincreaseItwouldbecostlessiftheeconomywereoperatingatitsfullpotentialRealGDPwouldbeexpectedtofallItcouldbeacceleratedbyasecondaryreductioninaggregatedemandNoneoftheaboveDuringaperiodofhighinflation:BorrowersarebetteroffbecausetheycanpayofftheirloanswithcurrencythatisworthlessBorrowersareworseoffbecausetheyhavetopayofftheirloanswithcurrencythatisworthmoreLendersareworseoffbecausetheycannotfindanyonewhowantsaloanLendersareworseoffbecausetheyarerepaidwithcurrencythatisworthmoreNoneoftheaboveB.Calculation(10%)1.AssumethattheFederalReservebuysa$1000governmentbondfromMS.B,andshedepositsthe$1000inhercheckingaccountatBank1andassumethattheBank