Chapter22.AssumeaGermantouristbuysaMexicanbeerinapubinHouston,Texas.HowwilltheU.S.GDPbeaffected?CA.U.S.GDPwillbeunaffected,sinceaforeignerbuysaforeignproduct.B.U.S.GDPwilldecreasesincethebeerhastobeimportedfromMexicoC.U.S.GDPwillincreasebythevalueaddedattheHoustonpubD.U.S.GDPwillincrease,butonlybythesalestaxassessedonthebeer7.IfnominalGDPis$10,406billionandtheGDP-deflatoris110,thenrealGDPisabout$9,460billion8.TheGDP-deflatorandtheCPIdifferfromeachothersinceCA.theGDP-deflatordoesnotincludeservicesbuttheCPIdoesB.theGDP-deflatorincludesimportedgoodsbuttheCPIdoesn'tC.theCPImeasuresafixedmarketbasketbuttheGDP-deflatordoesn'tD.theCPIincludesmoregoodsthantheGDP-deflatordoes9.Assumeyoudesirearealrateofreturnof4%onaninvestmentandyouexpecttheannualaverageinflationratetobe3.2%.Whatshouldthenominalinterestratebeonthisinvestment?7.2%Chapter93.Assumeamodelwithnogovernmentandnoforeignsector.IftheconsumptionfunctionisdefinedasC=800+(0.8)Y,andtheincomelevelisY=2,000,thentheleveloftotalsavingis-4004.Assumeamodelwithnogovernmentandnoforeignsector.IfwehaveasavingsfunctionthatisdefinedasS=-200+(0.1)Yandautonomousinvestmentdecreasesby50,byhowmuchwillconsumptionchange?-4505.Assumeamodelwithoutincometaxationandnoforeignsector.Ifgovernmentpurchasesareincreasedby$25billionfinancedbyalumpsumtaxincreaseof$25billion,thenAA.nationalincomewillincreaseby$25billionbutthebudgetdeficitisunaffectedB.nationalincomewillincrease$50billionbutthebudgetdeficitisunaffectedC.neithernationalincomenorthebudgetdeficitwillbeaffectedD.wecannotsayforsurewhatwillhappentonationalincomeorthebudgetdeficit6.ThesizeoftheexpendituremultiplierincreaseswithanincreaseinCA.governmenttransferpaymentsB.themarginalpropensitytosaveC.marginalpropensitytoconsumeD.theincometaxrate7.AssumethesavingsfunctionisS=-200+(1/4)YDandthemarginaltaxrateist=20%.Ifthelevelofgovernmentspendingincreasesby100,byhowmuchwillthelevelofequilibriumincomechange?2508.Assumeamodeloftheexpendituresectorwithincometaxes.Ifthelevelofautonomousinvestmentdecreases(duetonegativebusinessexpectations),whichofthefollowingwillbetrue?DA.theactualbudgetsurpluswillnotbeaffectedB.theactualbudgetsurpluswillincreaseC.thestructuralbudgetsurpluswilldecreaseD.thecyclicalcomponentofthebudgetsurpluswilldecrease9.AssumetheconsumptionfunctionisC=600+(3/4)YDandtheincometaxrateist=20%.Whatwillbetheeffectontheactualbudgetsurplusofanincreaseinautonomousinvestmentby200?anincreaseby10010.AssumetheconsumptionfunctionisC=200+(0.8)YDandtheincometaxrateist=0.25.WhatwillbetheeffectofanincreaseingovernmenttransfersbyΔTR=100onthefull-employmentbudgetsurplus?andecreaseby100Chapter104.哪些政策会使IS曲线变陡峭并向左移动?DA.货币供应量的减少B.政府转移支付的减少C.一笔税收的减少D.所得税率的减少5.LM曲线左上方表示DA.商品和服务的过度需求B.商品和服务的过度供给C.货币的过度需求D.货币的过度供给6.LM曲线会在什么情况下变平坦?BA.货币需求对利率变化的敏感度低B.货币需求对收入变化敏感度低C.货币需求对收入变化敏感度高D.货币政策乘数变大7.在IS-LM模型中,如果自主储蓄增加会导致收入和利率均减少8.在IS-LM框架下,扩张性货币政策会增加消费和投资9.沿着AD曲线从左向右运动相当于BA.由于利率下降,IS右移B.由于实际货币余额增加,LM右移C.由于增加名义货币供给量,LM右移D.由于较低的实际货币余额,沿着LM曲线从左向右移动10.什么情况下AD曲线右移AA.政府转移支付增加B.由于价格水平下降,实际货币余额增加C.自主储蓄增加D.央行限制名义货币供给量Chapter111.在美国,扩张性货币政策常以下方式进行:CA.财政部发行新债券来融资增加预算赤字B.美联储要求银行增加贷款活动C.美联储从银行或政府安全经销商那购买债券,以换取金钱D.美联储乡政府出售债券4.扩张性财政政策的副作用利率上升会导致国内生产总值的组成发生变化5.如果央行固定汇率BA.每次财政扩张后要承担公开市场销售B.每次IS曲线变动时,央行都要调整货币供给C.财政政策变化不会影响消费和投资D.上述所有6.挤出指的是CA.当所得税提高时,消费水平降低B.投资补贴减少后,投资水平降低C.财政政策的变化通过改变利率影响GDP的构成D.流动性陷阱时,财政政策完全无效8.如果政府通过投资补贴刺激经济,BA.投资和产出水平会增加,但消费将不受影响B.投资增长的一部分会通过提高利率来抵消C.可避免增加利率D.央行的帮助下仍然必要的,因为补贴不会使利率上升10.如果央行拒绝大量增加政府支出,最可能的结果将是A.由于利率改变,国际收支的经常账户出现盈余B.由于利率改变,消费水平下降C.GDP组成发生变化D.上述所有Chapter122.WhichofthefollowingitemsisasurplusiteminthebalanceofpaymentsfortheUnitedSates?A.aU.S.cardealerbuys20BMWsfromGermanyandsellsthemataprofitintheU.S.B.aU.S.citizendepositsfundsinabankintheBahamasC.aGermanfirmpaystogetalicensefortheuseofAmericantechnologyD.BillGatesbuyshimselfasmallislandoffthecoastofIndonesia4.如果美国商品的价格水平为P=110,外国商品的价格水平为Pf=220,名义汇率为e=1.2,真正汇率为2.46.TheconceptofrelativepurchasingpowerparityimpliesthatA.therealexchangerateadjustsslowlytoitslong-runaveragelevelB.thedomesticpricelevelwillchangerapidlyuntiltherealexchangerateisequalto1C.therelativedemandfordomesticgoodswillriseiftherealexchangerateisbelow1D.thelong-runrelativepricelevelofdomestictoforeigngoods(P/Pf)isequalto17.RestrictivemonetarypolicyintheU.S.A.lowersthevalueoftheU.S.dollarrelativetoothercurrenciesB.increasesthevalueoftheU.S.dollarrelativetoothercurrenciesC.increasesU.S.netexportsD.shouldnothaveanyeffectontheU.S.tradebalance9.Inamodelwithflexibleexchangeratesandperfectcapitalmobility,restrictivefiscalpolicyislikelytocauseA.anappreciationofthedomesticcurrencyB.adecreaseinthecurrentaccountsurplusC.anincreaseinnetexportsD.aninflowoffunds10.Acountrythatfollowsabeggar-thy-neighborpolicyA.inducesanexchangeratedepreciationtoincreasedomesticoutputviamonetarypolicyB.usesfiscalpolicytoincreaseitscompetitivenessonworldmarketsC.imposesatariffonimportedgoodsD.triestobenefitfromanincreaseinworlddemandbysellingdomesticproductsathigherpricesChapter52.TheKeynesianAS-curveimpliesthatA)theeconomyisalwaysatthefull-employmentlevelofoutputB)