在線網(wǎng)課知慧《國(guó)際金融學(xué)(外交學(xué)院)-需手動(dòng)修改》單元測(cè)試考核答案

注：不含問(wèn)答題第一章單元測(cè)試第二章單元測(cè)試第三章單元測(cè)試第四章單元測(cè)試第五章單元測(cè)試第六章單元測(cè)試第七章單元測(cè)試第八章單元測(cè)試第九章單元測(cè)試第十章單元測(cè)試第十一章單元測(cè)試第十二章單元測(cè)試第一章單元測(cè)試1【判斷題】Currencycrashesarefairlycommoneventsinhistory.（）A.錯(cuò)B.對(duì)2【判斷題】Theworldasawholeisaclosedeconomy.（）A.對(duì)B.錯(cuò)3【單選題】(2分)“Animalspirits”mean________forcesinfinancialmarkets.()A.rationalB.NaturalC.exorbitantD.Irrational4【單選題】(2分)Fromaglobalperspective,thosecountriesrunningsurpluses_______moneytothosecountriesrunningdeficits.()A.makeB.lendC.SaveD.borrow5.【多選題】正確答案：BCDThere’resuchfactorsthatbroughtaboutglobalizationas_________（）。A.SpecializationB.lowertransportationcostsC.telecommunicationtechnologyadvancementD.therelaxationofbankandcapitalmarketregulation6【判斷題】Inanopeneconomy,domesticpolicychoicescanhaveimpactonothercountries.()A.對(duì)B.錯(cuò)第二章單元測(cè)試1【判斷題】WehavenowayofknowingexactlyhowtoallocatethediscrepancyamongBOPaccounts.()A.錯(cuò)B.對(duì)2【單選題】(2分)Everyinternationaltransactionautomaticallyentersthebalanceofpayments.()A.onceeitherasacreditorasadebit.B.twice,bothtimesasdebit.C.twice,onceasacreditandonceasadebit.D.onceasacredit.3【單選題】(2分)AnAmericanbuysaJapanesecar,payingbywritingacheckonanaccountwithabankinNewYork.Howwouldthisbeaccountedforinthebalanceofpayments?()A.acurrentaccountasaU.S.goodimportandafinancialaccount,aU.S.assetexportB.currentaccount,aJapanesegoodimportC.currentaccount,aU.S.goodimportD.financialaccount,aU.S.assetexport4【單選題】(2分)TheUnitedStatesissuesa$10,000debtforgivenesstoArgentina.Howisthisaccountedforinthebalanceofpayments?()A.currentaccount,ArgentinatransferpaymentB.financialaccount,U.S.assetexportC.currentaccount,ArgentinagoodimportD.financialaccount,U.S.assetimport第三章單元測(cè)試1【單選題】(2分)AnexampleofhowGNPaccountsforservicesprovidedbyforeign-ownedcapital(andGDPdoesnot)is()A.earningsofaSpanishfactorywithBritishownerscountsonlyinBritain'sGNP.B.earningsofaSpanishfactorycountsinSpain'sGNPbutarepartofBritain'sGDP.C.earningsofaSpanishfactorywithBritishownerscountsonlyinSpain'sGDP.D.earningsofaSpanishfactorycountsinSpain'sGDPbutarepartofBritain'sGNP.2【單選題】(2分)Netunilateraltransfers________.()A.OnlyAandCB.arepartofanationalincome.C.mustbeaddedtoNNPincalculationsofnationalincome.D.arepartofacountry'sproduct.3【單選題】(2分)Inopeneconomies,_______.()A.savingandinvestmentarenecessarilyequal.B.investmentalwaysreferstothedomesticstockmarket.C.asinaclosedeconomy,savingandinvestmentarenotnecessarilyequal.D.savingandinvestmentarenotnecessarilyequalastheyareinaclosedeconomy.4【單選題】(2分)Whichofthefollowingis對(duì)?()A.Acountrywithacurrentaccountdeficitmustbeincreasingitsnetforeigndebtsbytheamountofthedeficit.B.Acountrywithacurrentaccountsurplusisearningmorefromitsexportsthanitspendsonimports.C.Alloftheaboveare對(duì)ofcurrentaccountbalances.D.Acountrycouldfinanceacurrentaccountdeficitbyusingpreviouslyaccumulatedforeignwealthtopayforitsimports.5【單選題】(2分)Anopeneconomy,_______.()A.cansavebyavoidingexcessiveimports.B.cannotsaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.C.cansaveonlybyacquiringforeignwealth.D.cansaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.6【單選題】(2分)Acentralbank'sinternationalreservesconsistsofitsholdingsof______.()A.foreignanddomesticcurrencyholdingsB.domesticassetsandpreciousmetals.C.foreignassets,goldandpositiononIMFD.silverandgold.第四章單元測(cè)試2【判斷題】Theliquidityseekersismoreinformedaboutthemarketthantheprofitseekersintheforexmarket.()A.錯(cuò)B.對(duì)5【單選題】(2分)SupposeyouboughtaRMB-NDFcontracttobuyonemillionRMBinoneyear.Theforwardexchangerateis$1=￥6.5100,andatmaturitydatethespotrateis$1=￥6.7053.Howmuchisyourprofitholdingzerotransactioncost?()A.-$4474.07B.￥195300C.$4474.07D.-￥1953006【判斷題】Thebasecurrencyisalsothequotecurrency.()A.錯(cuò)B.對(duì)7【判斷題】ForaFrenchinvestor,Europeantermsaredirectquotes.()A.對(duì)B.錯(cuò)8【單選題】(2分)SupposethespotrateisJ￥118.27/$andthe3-monthsforwardrateisJ￥116.84/$,whatistheforwardpremiumonJapanesesYen?()A.2.04%B.19.6%C.-4.9%D.4.90%9【單選題】(2分)Anappreciationofacountry'scurrency_________.()A.decreasestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.B.lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.C.raisestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.D.raisestherelativepriceofitsexportsandraisestherelativepriceofitsimports.10.【多選題】正確答案：ACDWhatarethe“bigthree”pairsofcurrencyinglobalforexmarkets?（）A.USD/JPYB.EUR/JYPC.USD/EURD.USD/GBP11【判斷題】Onepipin$/￡exchangerateis0.0001.()A.錯(cuò)B.對(duì)第五章單元測(cè)試1【單選題】(2分)Theactionofarbitrageis______.()A.theprocessofbuyingandsellingcurrencyatthesameprice.B.theprocessofsellingcurrencyatdifferentpricesindifferentmarkets.C.theprocessofbuyingacurrencycheapandsellingitdear.D.theprocessofbuyingacurrencyandholdingontoittotakeitoffthemarket.2【單選題】(2分)Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.10pereuro,nextyear'sexpectedexchangerateis$1.166pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()A.15%B.10%C.-1%D.11%3【單選題】(2分)WhichoneofthefollowingstatementsistheMOSTaccurate?()A.Sincedollarandyeninterestratesaremeasuredincomparableterms,theymovequitethesameovertime.B.Sincedollarandyeninterestratesaremeasuredincomparableterms,theycanmovequitedifferentlyovertime.C.Sincedollarandyeninterestratesaremeasuredincomparableterms,theystillmovequitedifferentlyovertime.D.Sincedollarandyeninterestratesarenotmeasuredincomparableterms,theycanmovequitedifferentlyovertime.4【單選題】(2分)Supposethattheone-yearforwardpriceofeurosintermsofdollarsisequalto$1.113pereuro.Further,assumethatthespotexchangerateis$1.05pereuro,andtheinterestrateondollardepositsis10percentandoneuroitis4percent.Undertheseassumptions,_______.()A.interestparitydoesnothold.B.interestparitydoeshold.C.itishardtotellwhetherinterestparitydoesordoesnothold.D.Notenoughinformationisgiventoanswerthequestion.5【單選題】(2分)Thecoveredinterestrateparityconditioncanbestatedasfollows:Theinterestrateondollardepositsequalstheinterestrateoneurodeposits________theforward________ondollarsagainsteuros.()A.plus;discountB.plus;premiumC.minus;discountD.times;premiumdata-v-8324538e="data-v-8324538e=""class="examPaper_subjectmt20data-v-8324538e=""9227508776data-v-8324538e=""class="subject_type_describefldata-v-8324538e=""class="subject_type_annex<spandata-v-8324538e=""class="subject_type<spandata-v-8324538e="【問(wèn)答題】<spandata-v-8324538e="(2分)data-v-8324538e=""class="subject_describedata-v-8324538e="Whatarethethreefactorsthataffectthedemandforforeigncurrency?data-v-8324538e=""class="images-wrap"style="display:none;data-v-8324538e=""class="subject_nodemt10data-v-63660d54=""data-v-8324538e="<brdata-v-8324538e="data-v-8324538e=""class="stuAswBox7【單選題】(2分)Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.167pereuro,nextyear'sexpectedexchangerateis$1.10pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()A.-1%B.10%C.0%D.11%第六章單元測(cè)試1【單選題】(2分)Ifthereisinitiallyan_______.()A.excesssupplyofmoney,theinterestratewillfall,andifthereisinitiallyanexcessdemand,itwillrise.B.excesssupplyofmoney,theinterestratewillfall,andifthereisalsoanexcessdemand,itwillfallrapidly.C.excesssupplyofmoney,theinterestratewillrise,andifthereisinitiallyanexcessdemand,itwillfall.D.excesssupplyofmoney,theinterestratewillrise,andifthereisalsoanexcessdemand,itwillriserapidly.2【單選題】(2分)Theaggregatedemandformoneycanbeexpressedby______.()A.Md=P×Y(R,L).B.Md=P×L(R,Y).C.Md=R×L(P,Y).D.Md=L×P(R,Y).3【單選題】(2分)Areductioninacountry'smoneysupplycauses_____.()A.itscurrencytoappreciateintheforeignexchangemarket.B.affectsothercountriescurrencyintheforeignmarket.C.doesaffectitscurrencyintheforeignmarketinanambiguousmanor.D.doesnotaffectitscurrencyintheforeignmarket.4【單選題】(2分)Asustainedchangeinthemonetarygrowthratewill______.()A.eventuallyaffectequilibriumrealmoneybalancesbyreducingthemoneyinterestrate.B.eventuallyaffectequilibriumnominalmoneybalancesbyraisingthemoneyinterestrate.C.eventuallyaffectequilibriumrealmoneybalancesbyraisingthemoneyinterestrate.D.eventuallyaffectequilibriumrealmoneybalancesbyraisingtherealinterestrate.5【判斷題】TheaggregaterealmoneydemandscheduleL(R,Y)slopesdownwardbecauseafallintheinterestratereducesthedesiredrealmoneyholdingsofeachhouseholdandfirmintheeconomy.()A.錯(cuò)B.對(duì)第七章單元測(cè)試1【單選題】(2分)WhichofthefollowingstatementsistheMOSTaccurate?()A.RelativePPPisonlyvalidwhenabsolutePPPisvalid,providingthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.B.RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableoverdifferentcommoditiesspace.C.AbsolutePPPmaybevalidevenwhenrelativePPPisnot,providedthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.D.RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableovertime.2【判斷題】Ifthelawofonepriceholds對(duì)foreverycommodity,PPPmustautomaticallyholdaslongasthereferencebasketsusedtoreckondifferentcountries'pricelevelsarethesame.()A.對(duì)B.錯(cuò)data-v-8324538e="data-v-8324538e=""class="examPaper_subjectmt20data-v-8324538e=""9227507763data-v-8324538e=""class="subject_type_describefldata-v-8324538e=""class="subject_type_annex<spandata-v-8324538e=""class="subject_type<spandata-v-8324538e="【問(wèn)答題】<spandata-v-8324538e="(2分)data-v-8324538e=""class="subject_describedata-v-8324538e="SupposeRussia'sinflationrateis200%overoneyearbuttheinflationrateinSwitzerlandisonly2%.AccordingtorelativePPP,whatshouldhappenovertheyeartotheSwissfranc'sexchangerateagainsttheRussianruble?data-v-8324538e=""class="images-wrap"style="display:none;data-v-8324538e=""class="subject_nodemt10data-v-63660d54=""data-v-8324538e="<brdata-v-8324538e="data-v-8324538e=""class="stuAswBox4【判斷題】Themonetaryapproachtotheexchangerateisalongruntheory.()A.錯(cuò)B.對(duì)5【單選題】(2分)Underthemonetaryapproachtoexchangeratetheory,moneysupplygrowthataconstantrate_______.()A.eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedoaffectthefull-employmentoutputlevelandthelong-runrelativepricesofgoodsandservices.B.eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.C.eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevel,onlythelong-runrelativepricesofgoodsandservices.D.eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.6【判斷題】Ingeneral,underthemonetaryapproachtotheexchangerate,whilethelong-runinterestratedoesnotdependontheabsolutelevelofthemoneysupply,continuinggrowthinthemoneysupplyeventuallywillaffecttheinterestrate.（）A.對(duì)B.錯(cuò)7【單選題】(2分)IfpeopleexpectrelativePPPtohold,______.()A.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpectedinEuropeandtheUnitedStates,respectively.B.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillbebelowthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively.C.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,intheUnitedStatesandEurope,respectively,overtherelevanthorizon.D.thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively,intheshortrun.9【單選題】(2分)Thedomesticcurrencypriceofarepresentativeforeignexpenditurebasketis_______.()A.P,thedomesticpricelevel.B.P*timesE,theforeignpriceleveltimesthenominalexchangerate.C.E,thenominalexchangerate.D.P*,theforeignpricelevel.10【單選題】(2分)UnderPurchasingPowerParity,_______.（）A.E$/￡=PUS+PUKB.E$/￡=PEU/PUKC.E$/￡=PUS/PUKD.E$/￡=PUS-PUK第八章單元測(cè)試1【單選題】(2分)WhichoneofthefollowingstatementsisMOSTaccurate?()A.Ingeneral,consumptiondemandrisesbythesameamountasdisposableincomerises.B.Ingeneral,consumptiondemandrisesbymorethanincome.C.Ingeneral,consumptiondemandrisesbymorethandisposableincome.D.Ingeneral,consumptiondemandrisesbylessthandisposableincome.2【單選題】(2分)Whathaveweassumedwhenweconcludethatarealdepreciationofthecurrencyimprovesthecurrentaccount?()A.ThevolumeeffectoutweighstheB.AllelseequalandthevolumeeffectequalstheC.AllelseequalandtheD.AllelseequalandthevolumeeffectoutweighstheA.outputandexportsB.foreignpricesandtheexchangerateC.importsandexportsD.outputandtheexchangerate4【單選題】(2分)WhichofthefollowingdoesNOTaffectthepositionoftheDDcurve?c()A.pricelevelsB.taxesC.monetarypolicyD.governmentspending5【單選題】(2分)Intheshort-run,atemporaryincreaseinthemoneysupply_____.()A.shiftstheAAcurvetotheright,increasesoutputanddepreciatesthecurrency.B.shiftstheAAcurvetotheright,increasesoutputandappreciatesthecurrency.C.shiftstheAAcurvetotheleft,increasesoutputanddepreciatesthecurrency.D.shiftstheAAcurvetotheleft,decreasesoutputanddepreciatesthecurrency.6【單選題】(2分)WhichoneofthefollowingstatementsistheMOSTaccurate?（)A.Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofforeigncurrency,allelseequal.B.Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.C.Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.D.Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyadepreciationofdomesticcurrency,allelseequal.7【單選題】(2分)ImaginethattheeconomyisatapointthatisabovebothAAandDD,whereboththeoutputandassetmarketsareoutofequilibrium.Whichfirstactionis對(duì)?（)A.TheAA-DDequilibriumwillshifttothepositionoftheeconomy.B.TheexchangeratewillfirstmovelefttoapositionontheAAschedule.C.TheexchangeratewillfirstmovetoapointontheDDschedule.D.TheexchangeratewillfirstdroptoapointontheAAschedule.8【單選題】(2分)Whichofthefollowinghavetobeinequilibriumfortheeconomytobeinequilibrium?（)A.thegoodsmarketonlyB.thesavingsandinvestmentmarketsC.themoneymarketonlyD.theoutputandassetmarkets9【單選題】(2分)Apermanentfiscalexpansion______.()A.shiftstheDDtotherightandtheAAscheduletotheleft,leavingoutputthesame.B.shiftstheDDandtheAAschedulestotheright,decreasingoutput.C.shiftstheDDandtheAAschedulestotheright,increasingoutput.D.shiftstheDDtotheleftandtheAAscheduletotheleft,decreasingoutput.E.shiftstheDDandtheAAschedulestotheleft,leavingoutputthesame.10【單選題】(2分)Thepercentbywhichimportpricesrisewhenthehomecurrencydepreciatesby1%isthedegreeof______.()A.roll-forwardfromexchangeratestoimportprices.B.pass-beyondfromexchangeratestoimportprices.C.pass-onfromexchangeratestoimportprices.D.pass-throughfromexchangeratestoimportprices.11【單選題】(2分)OneimplicationofanempiricalinvestigationoftheMarshall-Lernerconditionisthat,inthe________,areal________inanation'scurrencyislikelyto________thecountry'scurrentaccountbalance.()A.long-run;appreciation;improveB.short-run;appreciation;improveC.short-run;depreciation;improveD.long-run;depreciation;improve12【判斷題】AnydisturbancethatraisesaggregatedemandfordomesticoutputshiftstheDDscheduletotheright.()A.對(duì)B.錯(cuò)13【判斷題】TheAA-curvehasanegativeslopebecauseanincreaseinYwillcauseEtofall(adomesticcurrencyappreciation).()A.對(duì)B.錯(cuò)15【單選題】(2分)economystartsinlong-runequilibrium,apermanentfiscalexpansionwillcause______.()A.adecreaseinoutput,Y.B.anincreaseinexchangerate,E.C.adecreaseinexchangerate,E.D.anincreaseinoutput,Y.第九章單元測(cè)試3【判斷題】style=";text-align:justify;text-justify:inter-ideographAnycentralbankpurchaseofassets<emautomatically</emresultsinanincreaseinthedomesticmoneysupply,whileanycentralbanksaleofassetsdoesnotnecessarilyaffectthemoneysupply.()A.對(duì)B.錯(cuò)4【判斷題】style=";text-align:justify;text-justify:inter-ideographIfcentralbanksarenotsterilizingandthehomecountryhasabalanceofpaymentssurplus,anyassociatedincreaseinthehomecentralbank'sforeignassetimpliesanincreasedhomemoneysupply.()A.對(duì)B.錯(cuò)7【單選題】(2分)Whendomesticandforeigncurrencybondsareimperfectsubstitutes,thedomesticinterestrate(R)canbewrittenas______.()A.R=R*+(Ee-E)/E+ρB.R=R*-(Ee-E)/EC.R=R*-(Ee-E)/E+ρD.R=R*-(Ee-E)ρ第十章單元測(cè)試1【單選題】(2分)Byinternalbalance,mosteconomistsmean______.()A.pricestabilityB.fullemploymentC.fullemploymentandhighdisposableincomeD.fullemploymentandpricestability2【單選題】(2分)Byexternalbalance,mosteconomistsmean______.()A.whatamountstofixedexchangeratesB.imbalanceininternaltransactionsC.avoidingexcessiveimbalancesininternationalpaymentsD.balancebetweenthetradeandserviceaccounts3【單選題】(2分)Acurrentaccountdeficit______.()A.willposeaproblembecausethecountryisborrowingfundsfromtherestoftheworldthatitwon'tbeabletopaybacklater.B.willnotposeaproblem,especiallyifitisaccompaniedbyanexpansionaryfiscalpolicy.C.maystillposeaproblem,eveniftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojects.D.mayposenoproblemiftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojectsthatpayforthemselveswiththerevenuetheygenerateinthefuture.4【單選題】(2分)Governmentsprefertoavoidexcessivecurrentaccountsurplusesbecause______.()A.domesticsavingsincreasewithmoreinvestmentabroad.B.thereturnstodomesticsavingsaremoredifficulttotaxthanthoseonassetsabroad.C.anadditiontothehomecapitalstockmayincreasedomesticunemploymentandthereforeleadtohighernationalincome.D.anadditiontothehomecapitalstockmayreducedomesticunemploymentandthereforeleadtohighernationalincome.5【單選題】(2分)Undertheprice-specie-flowmechanism,whathappenswhen,say,Germany'scurrentaccountsurplusisgreaterthanitsnon-reservecapitalaccountdeficits?()A.GermanloanswillfinanceallforeignnetimportsB.AutomaticdropinGermandomesticpricesandriseinforeignpricesC.GoldreserveswillflowintoGermanyD.Germanywillexperienceadeficit6【單選題】(2分)The"rulesofthegame"underthegoldstandardcanbestbedescribedaswhichofthefollowing:()A.sellingforeignassetsinadeficitandbuyingforeignassetsinasurplusB.sellingdomesticassetsinadeficitandbuyingassetsinasurplusC.slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandardD.sellingdomesticassetsinasurplusE.sellingdomesticassetsinordertoaccumulategold7【單選題】(2分)Themainpolicygoalforacountryaccordingtothemercantilistsis_____.()A.tocreateacontinuingsurplusinthebalanceofpayments.B.tocreatespecieoverflows.C.tocreateacontinuingdeficitinthebalanceofpayments.D.tocreateaone-timedeficitinthebalanceofpayments.8【單選題】(2分)UntiltheUnitedStatesCivilWar,TheUnitesStateshada______.()A.bimetallicmonetarystandardconsistingofsilverandgold.B.gold-basedmonetarystandard.C.silver-basedmonetarystandard.D.bimetallicmonetarystandardconsistingofcopperandgold.9【單選題】(2分)Theprice-specie-flowmechanism_______.()A.isanautomaticmechanismforassuringinternalbalanceunderfloatingexchangerates.B.isanautomaticmechanismforassuringexternalbalanceunderfloatingexchangerates.C.isanautomaticmechanismforassuringexternalbalanceunderthegoldstandard.D.isanautomaticmechanismforassuringinternalbalanceundermercantilism.10【單選題】(2分)Apolicyof"beggar-thy-neighbor"isapolicythat_______.()A.oftenbenefitsforeigncountryintheshortrunB.doesnotoftenbenefitsanycountryinthelongrunC.oftenbenefitsthehomecountryinthelongrunD.oftenbenefitstheforeigncountryinthelongrun11【單選題】(2分)Aconvertiblecurrencyisacurrencythatmaybefreelyexchangedfor______.()A.nationalcurrency.B.foreigncurrencies.C.onlycopper.D.onlysilver.14【單選題】(2分)Adevaluationofthehomecurrency______.()A.makesforeigngoodsandservicescheaperrelativetothosesoldathome.B.increasesdemandfordomesticgoodsandservices.C.makesdomesticgoodsandservicesmoreexpensiverelativetothosesoldabroad.D.increasesoutputandmakesdomesticgoodsandservicescheaperrelativetothosesoldabroad.15【單選題】(2分)Anexpenditure-changingpolicy_______.()A.altersthedirectionoftheeconomy'stotaldemandforgoodsandservices.B.affectsaggregatesupplybutnotaggregatedemand.C.hasnoeffectonaggregatedemand.D.alterstheleveloftheeconomy'stotaldemandforgoodsandservices.19【單選題】(2分)TheconfidenceproblemoftheBrettonWoodssystemsarticulatedbyRobertTriffinrefersto______.()A.producerfearofrisingwages.B.thelackofconvertibilityofgoldintosilver.C.theunwillingnessofcentralbankstoaccumulatecurrencyforfearofnotbeingabletoconvertittogoldincasearunonthebanksoccurs.D.consumerfearofstockmarketinstability.20【單選題】(2分)AdvocatesoffloatingratesuggesteditisfavorableforeconomiesforallofthefollowingreasonsEXCEPT______.()A.itgiveseverycountrytheopportunitytoguideitsownmonetaryconditionsathome.B.itautomaticallymatchesthedomesticinflationwithongoingforeigninflation.C.ithelpsstabilizetheshockeffectonunemploymentincaseofeconomicchangessuchasfallinexportdemand.D.itbringstheLRexchangeratetothelevelpredictedbyPPPwithoutgovernmentpolicydecisions.21【單選題】(2分)Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates______.()A.nocountrywouldbeforcedtoimportinflationanddeflationfromabroad.B.flexibleexchangeratesarenotabletohaltimportinginflationfromabroad.C.flexibleexchangeratesarenotabletohaltimportingdeflationfromabroad.D.nocountrywouldbeforcedtoimportonlydeflationfromabroad.22【單選題】(2分)Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates,acurrency_______.()A.depreciationcausebydecreasingthemoneysupplywouldnoteffectunemployment,butwouldincreasetherelativepriceofdomesticproducts.B.depreciationcausedbyincreasingthemoneysupplywouldincreaseunemploymentbyloweringtherelativepriceofdomesticproducts.C.depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyincreasingtherelativepriceofdomesticproducts.D.depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyloweringtherelativepriceofdomesticproducts.23【單選題】(2分)FederalReserveChairmanVolcker'spolicytofightinflation_______.()A.ledtothe1981-1983recession,butwasultimatelysuccessful.B.wasperfectlycomplementedbyReagan'sdecreaseinfiscalspending.C.ledtothe1981-1983recession,butdidnotendhighinflationduetobeggar-thy-neighboreffects.D.ledtothe1981-1983recessionandforetoldtheeconomicdownturninthemid-1990s.24【單選題】(2分)TheDDscheduleshows_______.()A.exchangerateandoutputpairsforwhichaggregatedemandisgreaterthanaggregateoutput.B.interestrateandoutputpairsforwhichaggregatesupplyequalsaggregateoutput.C.exchangerateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.2D.interestrateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.25【單選題】(2分)TheAAscheduleshows________.()A.Exchangerateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.B.Exchangerateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.C.Interestrateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.D.Interestrateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.26【單選題】(2分)Underfixedexchangerate,theresponseofaneconomytoatemporaryfallinforeigndemandforitsexportsis______.()A.thecurrencydepreciates,andoutputfalls.B.thecurrencyappreciates,andoutputfalls.C.thecurrencydepreciates,andoutputremainsconstant.D.thecurrencyremainsthesame,andoutputdecreases.27【單選題】(2分)Undertheflexibleexchangerate,loweringthepriceofaforeigncurrencywill______.()A.causeahomepriceincreasetobeexportedtotheforeignmarkets.B.preventaforeignpriceincreasefromcausingdeflationathome.C.allowtheexpansionofmonetarypolicywithoutcausinginflation.D.causea"beggar-thy-neighbor"effect.28【單選題】(2分)Themechanismbehindtheinflation