宏观经济学-题库-(5)53)Which of the followi ng stateme nts is FALSE?A)Fiscal policy is the attempt to in flue nee the economy using taxes, tran sfer payme nts, and gover nment expe nditures.B)Gover nment expe nditure affects aggregate dema nd directly because gover nment expe nditure is a comp onent of aggregate dema nd.C)Taxes and tran sfer payme nts affect aggregate dema nd by cha nging disposable in come.D)An in crease in disposable in come leads to a decrease in aggregate dema nd. An swer: DTopic: Chan ges in Aggregate Dema nd, Fiscal PolicySkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng54) A decrease in gover nment tran sfer payme ntsA)in creases aggregate dema nd.B)in creases the aggregate qua ntity dema nded.C)decreases the aggregate qua ntity dema nded.D)decreases aggregate dema nd.An swer: DTopic: Chan ges in Aggregate Dema nd, Tran sfer Payme ntsSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng55)An in crease in gover nment expe nditure on goods and servicesA)in creases aggregate dema nd.B)in creases the aggregate qua ntity dema nded.C)decreases the aggregate qua ntity dema nded.D)decreases aggregate dema nd.An swer: ATopic: Chan ges in Aggregate Dema nd, Gover nment Expe nditure Skill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng56) A decrease in gover nment expe nditure on goods and servicesA)in creases aggregate dema nd.B)in creases the aggregate qua ntity dema nded.C)decreases the aggregate qua ntity dema nded.D)decreases aggregate dema nd.An swer: DTopic: Chan ges in Aggregate Dema nd, Gover nment Expe nditure Skill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nking57) A decrease in government expenditure shifts the AD curve _________________ and a decrease in taxes shifts the AD curve _____________ .A)rightward; rightwardB)rightward; leftwardC)leftward; rightwardD)leftward; leftwardAn swer: CTopic: Chan ges in Aggregate Dema nd, Gover nment Expe nditureSkill: An alyticalQuestio n history: Previous editi on, Chapter 13AACSB: An alytical Skills58)Which of the followi ng shifts the aggregate dema nd curve leftward?A)an in crease in con sumpti on expe ndituresB) a decrease in taxesC) a decrease in gover nment expe nditures on goods and servicesD)an in crease in net exports of goods and servicesAn swer: CTopic: Chan ges in Aggregate Dema nd, Gover nment Expe nditureSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng59)Disposable in come ____________ w he n ___________ .A)decreases; taxes in creaseB)decreases; tran sfer payme nts in creaseC)in creases; gover nment expe nditures decreaseD)decreases; aggregate in come in creasesAn swer: ATopic: Chan ges in Aggregate Dema nd, TaxesSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng60)The aggregate dema nd curveA)shifts rightward whe n the price level in creases and leftward whe n the price level falls.B)shifts rightward whe n taxes are decreased.C)shifts rightward whe n foreig n in comes decrease and shifts leftward whe n foreig n in comes in crease.D)does not shift, un like market dema nd curves.An swer: BTopic: Chan ges in Aggregate Dema nd, TaxesSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nking61)If taxes are in creased, the AD curveA)is not affected because a cha nge in taxes is a nominal cha nge not real cha nge.B)shifts rightward and aggregate dema nd decreases.C)shifts leftward and aggregate dema nd decreases.D)does not shift but there is a moveme nt dow n along the curve.An swer: CTopic: Chan ges in Aggregate Dema nd. TaxesSkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng62)Which of the followi ng shifts the aggregate dema nd curve rightward?A) a decrease in gover nment expe nditureB)expectati ons that future in comes will fallC) a decrease in the qua ntity of money and an in crease in in terest ratesD) a tax cutAn swer: DTopic: Chan ges in Aggregate Dema nd. TaxesSkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng63)Which of the follow ing decreases aggregate dema nd?A)The gover nment in creases taxes on both bus in ess and pers onal in come.B)Foreig n in comes rise.C)The qua ntity of money in the economy in creases.D)Households believe that the economy is headed for good times, with higher future in comes.An swer: ATopic: Chan ges in Aggregate Dema nd. TaxesSkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng64)Which of the followi ng in creases aggregate dema nd?A) a decrease in taxesB) a decrease in foreig n in comeC) a decrease in gover nment expe nditureD) a rise in the in terest rateAn swer: ATopic: Chan ges in Aggregate Dema nd. TaxesSkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng65)Which of the followi ng shifts the aggregate dema nd curve rightward?A)an in crease in the tax rateB) a decrease in the price levelC)an in crease in the qua ntity of moneyD)an in crease in the excha nge rateAn swer: CTopic: Chan ges in Aggregate Dema nd. MoneySkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng66)Which of the follow ing in creases aggregate dema nd?A)an in crease in taxesB)an in crease in the qua ntity of moneyC)an in crease in the excha nge rateD) a decrease in gover nment expe ndituresAn swer: BTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng67)If the qua ntity of money in creases, theA)price level rises and the AD curve does not shift.B)AD curve shifts leftward and aggregate dema nd decreases.C)AD curve does not shift and there is a movement upward along the curve.D)AD curve shifts rightward and aggregate dema nd in creases.An swer: DTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng68)Which of the followi ng shifts the aggregate dema nd curve rightward?A) a decrease in the price levelB) a decrease in gover nment expe ndituresC)an in crease in the qua ntity of moneyD) a decrease in tran sfer payme ntsAn swer: CTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng69)The U.S. aggregate dema nd curve shifts leftward ifA)the econo mic con diti ons in Europe improve so that Europea n in comes in crease.B)there is a tax cut.C)the Federal Reserve hikes the in terest rate.D)the exchange rate falls.An swer: CTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng70)Which of the followi ng in creases aggregate dema nd and shifts the AD curve rightward?A) a fall in the price levelB)an in crease in the qua ntity of money and a result ing fall in the in terest rateC)predict ions of a recessi on that lead to expectati ons of lower future in comeD)an in crease in the excha nge rate that makes imports less expe nsiveAn swer: BTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng71)Aggregate dema nd in creases if the qua ntity of money _____________ .A)decreases or tax rates in creaseB)or tran sfer payme nts decreaseC)remai ns con sta nt or tax rates in creaseD)in creases or tax rates decreaseAn swer: DTopic: Chan ges in Aggregate Dema nd. MoneySkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng72)The U.S. exchange rate rises. As a result, there is aA)moveme nt along the U.S. aggregate dema nd curve but the curve does not shift.B)rightward shift in the U.S. aggregate dema nd curve.C)leftward shift in the U.S. aggregate dema nd curve.D)rightward shift in the long-run U.S. aggregate supply curve.An swer: CTopic: Chan ges in Aggregate Dema nd, Foreig n Excha nge RateSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nking73)Whe n the excha nge rises, the n theA)AD curve shifts rightward.B)AD curve shifts leftward.C)LAS curve shifts rightward.D)LAS curve shifts leftward.An swer: BTopic: Chan ges in Aggregate Dema nd, Foreig n Excha nge RateSkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng74)Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10Can adia n per U.S. dollar. U.S. exports will __________ , U.S. imports will __________ , and U.S. aggregate dema nd will _____________ .A)decrease; in crease; decreaseB)decrease; in crease; in creaseC)in crease; decrease; in creaseD)in crease; in crease; in creaseAn swer: CTopic: Chan ges in Aggregate Dema nd, Foreig n Excha nge RateSkill: Co nceptualQuestion history: Modified 10th editio nAACSB: Reflective Thi nki ng75) A decrease in foreig n in comesA)in creases aggregate dema nd in the Un ited States.B)in creases the aggregate qua ntity dema nded in the Un ited States.C)decreases the aggregate qua ntity dema nded in the Un ited States.D)decreases aggregate dema nd in the Un ited States.An swer: DTopic: Chan ges in Aggregate Dema nd, Foreig n In comesSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng76)An in crease in foreig n in comesA)in creases aggregate dema nd in the Un ited States.B)in creases the aggregate qua ntity dema nded in the Un ited States.C)decreases the aggregate qua ntity dema nded in the Un ited States.D)decreases aggregate dema nd in the Un ited States.An swer: ATopic: Chan ges in Aggregate Dema nd, Foreig n In comesSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng77) In the above figure, the economy is initially at point decreases tran sfer payme nts, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD 「An swer: CTopic: Chan ges in Aggregate Dema nd, Tran sfer Payme ntsSkill: An alyticalQuestio n history: Previous editi on, Chapter 10AACSB: An alytical Skills78) In the above figure, the economy is in itially at point B. If taxes in crease, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD1.An swer: CTopic: Chan ges in Aggregate Dema nd, TaxesSkill: An alyticalQuestio n history: Previous editi on, Chapter 10 AACSB: An alytical Skills B. If the gover nment Real GDP {trillions of 2005 dollars)-87肓号怎p dd0二囂一$£79)In the above figure, the economy is initially at point the qua ntity of mon ey, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD1.An swer: CTopic: Chan ges in Aggregate Dema nd. MoneySkill: An alyticalQuestio n history: Previous editi on. Chapter 10 AACSB: An alytical Skills80)In the above figure, the economy is initially at point the qua ntity of mon ey, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD「An swer: DTopic: Chan ges in Aggregate Dema nd, MoneySkill: An alyticalQuestio n history: Previous editi on, Chapter 10 AACSB: An alytical Skills B. If the Fed decreases B. If the Fed in creasesmove the economy to ______________ .A) real wealth from the fall in the price level; point bB) real wealth from the fall in the price level; point cC) expected future in come; point cD) expected future in come; point dAn swer: BTopic: Aggregate Dema nd. Wealth EffectSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: An alytical Skills82) In the above figure, if the economy is at point a, an in crease in ____________ will move the economy to ______________ .A) real wealth; point dB) real wealth from a fall in the price level; point dC) expected future in come; point bD) expected future in come; point dAn swer: CTopic: Chan ges in Aggregate Dema nd, Expectati onsSkill: Recog niti onQuestio n history:Previous editi on, Chapter 10 AACSB: An alytical Skills o o o KJ t 3 2 1 o *^1 1^9 -^1-00- N 「总卞 p d s i , ”d I d 丄 L 丄 丄 0 12.6 13.0 13.2 13.4 13.6 Real GDP [billions of 2005 dollars) 81) In the above figure, if the economy is at pointa, an in crease in wil l83) In the above figure, the moveme nt from pointresult of A) an in crease in gover nment expe nditures because of a war.B) an in crease in gover nment expe nditures because of in creases in educati on expe nditures.C) an in crease in the dema nd for manu facturi ng goods because of new tech no logy.D) a fall in the price level.An swer: DTopic: The Aggregate Dema nd CurveSkill: An alyticalQuestio n history:Previous editi on. Chapter 10 AACSB:An alytical SkillsB to point A might be the2003o84)In the above figure, the shift from point C to point B might be the result ofA)an in crease in the price level.B) a decrease in the price level.C) a decrease in gover nment expe nditures.D)an in crease in the qua ntity of mon ey.An swer: CTopic: Chan ges in Aggregate Dema nd, Gover nment Expe nditureSkill: An alyticalQuestio n history: Previous editi on, Chapter 10AACSB: An alytical SkillsReel GDP [trillions of 2005 dollars)85) The curve labeled A in the above figure isA) a short-r un aggregate supply curve.B) an aggregate dema nd curve.C) a long-run aggregate supply curve.D) a producti on possibilities curve. An swer: BTopic: The Aggregate Dema nd CurveSkill: An alyticalQuestio n history: Previous editi on. Chapter 10AACSB: An alytical Skills86) In the above figure, the curve labeled A shifts rightward ifA) expected future profits decrease.B)the qua ntity of money decreases.2o^12.0 12.5~~13.0 13.5 14,0~~C)the substituti on effect occurs.D)taxes decrease.An swer: DTopic: Chan ges in Aggregate Dema nd. Taxes Skill: An alyticalQuestio n history: Previous editi on. Chapter 10 AACSB: An alytical Skills87)The U.S. fiscal policy implemented in 2008 was an attempt toA)give billio ns of dollars to bus in esses and low- and middle-i ncome America ns in order stimulate bus in ess inv estme nt and con sumpti on expe nditure, thereby in creas ing AD.B)give billio ns of dollars to bus in esses and low- and middle-i ncome America ns in order stimulate bus in ess inv estme nt and con sumpti on expe nditure, thereby in creas ing SAS.C)decrease in terest rates in order to stimulate bus in ess in vestme nt and con sumptio n expe nditure, thereby in creas ing AD.D)decrease the excha nge rate in order to boost net exports, thereby in creas ing AD. An swer: ATopic: Recessi on of 2008Skill: Recog niti onQuestio n history: New 10th editi onAACSB: Reflective Thi nki ng88)The U.S. monetary policy implemented in 2008 was an attempt toA)give billio ns of dollars to bus in esses and low- and middle-i ncome America ns in order stimulate bus in ess inv estme nt and con sumpti on expe nditure, thereby in creas ing AD.B)decrease in terest rates in order to stimulate bus in ess inv estme nt and con sumptio n expe nditure, thereby in creas ing SAS.C)decrease in terest rates in order to stimulate bus in ess in vestme nt and con sumptio n expe nditure, thereby in creas ing AD.D)decrease the excha nge rate in order to boost net exports, thereby in creas ing AD. An swer: CTopic: Recessi on of 2008Skill: Recog niti onQuestio n history: New 10th editi onAACSB: Reflective Thi nki ng89)The aggregate dema nd curve illustrates that, as the price level rises,A)the qua ntity of real GDP dema nded in creases.B)the qua ntity of real GDP dema nded decreases.C)the AD curve shifts rightward.D)the AD curve shifts leftward.An swer: BTopic: Study Guide Questi on, Aggregate Dema ndSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng90)As the price level falls, the qua ntity of real wealth ________ and theaggregate qua ntity of real GDP dema nded _____________ .A)in creases; in creasesB)in creases; decreasesC)decreases; in creasesD)decreases; decreasesAn swer: ATopic: Study Guide Questi on. Aggregate Dema nd. Wealth EffectSkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng3 Expla ining Macroec ono mic Trends and Fluctuati ons1)The AS/AD model studies the relati on ship betwee nA)the price level and un employme nt.B)the price level a nd real GDP.C)un employme nt and real GDP.D)nominal GDP and in flatio n.An swer: BTopic: The AS-AD ModelSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng2)By using only the aggregate dema nd curve, we can determ ineA)only the price level.B)only the quantity of real GDP.C)both the price level and qua ntity of real GDP.D)neither the price level nor the quantity of real GDP.An swer: DTopic: Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng3)In short-r un macroec ono mic equilibriumA)real GDP equals pote ntial GDP and aggregate dema nd determ ines the price level.B)the price level is fixed and short-run aggregate supply determines real GDP.C)real GDP and the price level are determ ined by short-r un aggregate supply and aggregate dema nd.D)real GDP is less than pote ntial GDP.An swer: CTopic: Short-R un Macroec ono mic EquilibriumSkill: Co nceptualQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng4)The economy is in its short run equilibrium at the point where theA)price level is stable.B)SAS curve in tersects the LAS curve.C)AD curve in tersects the LAS curve.D)AD curve in tersects the SAS curve.An swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng5)Short-r un equilibrium occurs at the in tersect ion ofA)the SAS and AD curves.B)the SAS, LAS, and AD curves.C)the SAS and LAS curves.D)the LAS and AD curves.An swer: ATopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng6)If the economy is in short run equilibrium the nA)real GDP equals potential GDP.B)nominal GDP equals potential GDP.C)real GDP cannot be equal to pote ntial GDP.D)real GDP can be greater tha n, less tha n, or equal to pote ntial GDP.An swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng7)In the short -run, real GDP can be greater tha n or less tha n pote ntial GDP because in the short run theA)money wage rate is fixed.B)quantity of capital is fixed.C)full-employment level of employment is fixed.D)price level is fixed.An swer: ATopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng8)Short-run macroeconomic equilibrium occurs when the quantity of real GDPdema nded ___________ .A)equals potential GDPB)equals full-employment GDPC)does not equal full-employme nt GDPD)equals the qua ntity of real GDP suppliedAn swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng9)In the short run, the equilibrium level of real GDPA)is n ecessarily less tha n pote ntial GDP.B)is n ecessarily equal to pote ntial GDP.C)is necessarily greater than potential GDP.D)could be less tha n, equal to, or greater tha n pote ntial GDP.An swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng10)In the short run, the in tersect ion of the aggregate dema nd and the short-r un aggregate supply curves,A)determines the equilibrium price level.B)is a point where there is n either a surplus nor a shortage of goods.C)determines the equilibrium level of real GDP.D)All of the above an swers are correct.An swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng11) A short-r un macroec ono mic equilibrium occursA)at the in tersecti on of the short-r un aggregate supply curve and the long-run aggregate supply curve.B)at the in tersecti on of the short-r un aggregate supply curve and the aggregate dema nd curve.C)at the in tersect ion of the short-r un aggregate supply curve, the long-run aggregate supply curve, and the aggregate dema nd curve.D)whe n the rate at which prices of goods and services in crease equals the rate at which money wage rates in crease.An swer: BTopic: Short-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on. Chapter 10AACSB: Reflective Thi nki ng12)Last year in the country of Union, the price level in creased and real GDPin creased. Such an outcome might have occurred because short -run aggregate supply and aggregate dema nd .A)decreased; decreasedB)in creased; did not cha ngeC)in creased; decreasedD)did not cha nge; in creasedAn swer: DTopic: Short-R un Macroec ono mic EquilibriumSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng13)At long-run macroec ono mic equilibrium, ____________ .A)an in flati onary gap existsB)real GDP equals potential GDPC) a recessi onary gap existsD)real GDP is less than potential GDP but is as close as it is possible to beAn swer: BTopic: Lon g-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng14)If the economy is at l ong run equilibrium the nA)real GDP equals potential GDP.B)nominal GDP equals potential GDP.C)real GDP cannot be equal to pote ntial GDP.D)real GDP can be greater tha n, less tha n, or equal to pote ntial GDP.An swer: ATopic: Lon g-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng15)Full-employme nt equilibrium occurs whe nA)real GDP exceeds pote ntial GDP.B)real GDP equals potential GDP.C)pote ntial GDP exceeds real GDP.D) a result of an in crease in long-run aggregate supply.An swer: BTopic: Lon g-R un Macroec ono mic EquilibriumSkill: Recog niti onQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng16)In long-run macroec ono mic equilibrium,A)real GDP equals potential GDP.B)the price level is fixed and aggregate dema nd determ ines real GDP.C)real GDP and the price level are determ ined by short-r un aggregate supply and aggregate dema nd and long-run aggregate supply is irreleva nt.D)real GDP is less than pote ntial GDP.An swer: ATopic: Lon g-R un Macroec ono mic EquilibriumSkill: Co nceptualQuestio n history: Previous editi on, Chapter 10AACSB: Reflective Thi nki ng。