Chapter 2
2. Assume a German tourist buys a Mexican beer in a pub in Houston, Texas. How will the U.S. GDP be affected? C
A.U.S. GDP will be unaffected, since a foreigner buys a foreign product. B. U.S. GDP will decrease since the beer has to be imported from Mexico C. U.S. GDP will increase by the value added at the Houston pub
D. U.S. GDP will increase, but only by the sales tax assessed on the beer
7. If nominal GDP is $10,406 billion and the GDP-deflator is 110, then real GDP is about $9,460 billion
8. The GDP-deflator and the CPI differ from each other since C A. the GDP-deflator does not include services but the CPI does B. the GDP-deflator includes imported goods but the CPI doesn't C. the CPI measures a fixed market basket but the GDP-deflator doesn't D. the CPI includes more goods than the GDP-deflator does
9. Assume you desire a real rate of return of 4% on an investment and you expect the annual average inflation rate to be 3.2%. What should the nominal interest rate be on this investment? 7.2%
Chapter 9
3. Assume a model with no government and no foreign sector. If the consumption function is
defined as C = 800 + (0.8)Y, and the income level is Y = 2,000, then the level of total saving is -400
4. Assume a model with no government and no foreign sector. If we have a savings function
that is defined as S = - 200 + (0.1)Y and autonomous investment decreases by 50, by how much will consumption change? -450
5. Assume a model without income taxation and no foreign sector. If government purchases are increased by $25 billion financed by a lump sum tax increase of $25 billion, then A A. national income will increase by $25 billion but the budget deficit is unaffected B. national income will increase $50 billion but the budget deficit is unaffected C. neither national income nor the budget deficit will be affected
D. we cannot say for sure what will happen to national income or the budget deficit 6. The size of the expenditure multiplier increases with an increase in C A. government transfer payments B. the marginal propensity to save C. marginal propensity to consume D. the income tax rate
7. Assume the savings function is S = - 200 + (1/4)YD and the marginal tax rate is t = 20%. If the level of government spending increases by 100, by how much will the level of equilibrium income change? 250
8. Assume a model of the expenditure sector with income taxes. If the level of autonomous investment decreases (due to negative business expectations), which of the following will be true? D
A. the actual budget surplus will not be affected B. the actual budget surplus will increase
C. the structural budget surplus will decrease
D. the cyclical component of the budget surplus will decrease
9. Assume the consumption function is C = 600 + (3/4)YD and the income tax rate is t = 20%. What will be the effect on the actual budget surplus of an increase in autonomous investment by 200? an increase by 100
10. Assume the consumption function is C = 200 + (0.8)YD and the income tax rate is t = 0.25. What will be the effect of an increase in government transfers by ΔTR = 100 on the full-employment budget surplus? an decrease by 100
Chapter 10
4.哪些政策会使IS曲线变陡峭并向左移动？ D A.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 D A.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？ B A.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 B A.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 A A.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
Chapter 12
2. Which of the following items is a surplus item in the balance of payments for the United Sates?
Chapter 11
1. 在美国，扩张性货币政策常以下方式进行：C A．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 B
A.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 C
A.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，B A. 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
A. a U.S. car dealer buys 20 BMWs from Germany and sells them at a profit in the U.S. B. a U.S. citizen deposits funds in a bank in the Bahamas
C. a German firm pays to get a license for the use of American technology D. Bill Gates buys himself a small island off the coast of Indonesia
4. 如果美国商品的价格水平为P = 110，外国商品的价格水平为P f = 220，名义汇率为e=1.2，真正汇率为 2.4
6. The concept of relative purchasing power parity implies that A. the real exchange rate adjusts slowly to its long-run average level
B. the domestic price level will change rapidly until the real exchange rate is equal to 1 C. the relative demand for domestic goods will rise if the real exchange rate is below 1 D. the long-run relative price level of domestic to foreign goods (P/Pf) is equal to 1 7. Restrictive monetary policy in the U.S.
A. lowers the value of the U.S. dollar relative to other currencies B. increases the value of the U.S. dollar relative to other currencies C. increases U.S. net exports
D. should not have any effect on the U.S. trade balance
9. In a model with flexible exchange rates and perfect capital mobility, restrictive fiscal policy is likely to cause
A. an appreciation of the domestic currency B. a decrease in the current account surplus C. an increase in net exports D. an inflow of funds
10. A country that follows a beggar-thy-neighbor policy
A. induces an exchange rate depreciation to increase domestic output via monetary policy B. uses fiscal policy to increase its competitiveness on world markets C. imposes a tariff on imported goods
D. tries to benefit from an increase in world demand by selling domestic products at higher prices
Chapter 5
2.The Keynesian AS-curve implies that
A) the economy is always at the full-employment level of output B) the AS-curve is completely vertical C) wages and prices are completely flexible
D) a change in spending will affect the level of GDP but not the price level
A) the price level will decrease, but the economy will remain at the full-employment B) the level of output will decrease but the price level will remain the same C) the levels of output and prices will decrease
D) unemployment will increase, since wages and prices are completely flexible A) as wages and prices become more flexible B) as wages become more rigid
3 In the Keynesian AS-curve case, if the government cuts welfare payments, then level of output
4.The slope of the AS-curve becomes steeper
多恩布什版宏观经济学英文练习题
