08宏观经济学(曼昆-第6版-配套习题Word下载.doc

1、a.2 percent.b.3 percent.c.5 percent.d.7 percent. c.5 percent.3.Over the last 60 years the average annual U.S. inflation rate was abouta.3 percent implying that prices have increased 12-fold.b.5 percent implying that prices have increased 12-foldc.3 percent implying that prices have increased 18-fold

2、.d.5 percent implying that prices increased about 18-fold. d.5 percent implying that prices increased about 18-fold.4.When prices are falling, economists say that there isa.disinflation.b.deflation.c.a contraction.d.an inverted inflation. b.deflation.5.Which of the following statements about U.S. in

3、flation is false?a.Low inflation was viewed as a triumph of President Carters economic policy.b.There were long periods in the nineteenth century during which prices fell.c.The U.S. public has viewed inflation of even 7 percent as a major economic problem.d.The U.S. inflation rate has varied over ti

4、me, but international data shows even more variation. a.Low inflation was viewed as a triumph of President Carter6.Which of the following concerning the history of U.S. inflation is false?a.Prices rose at an average annual rate of about 5 percent over the last 60 years.b.There was about an 18-fold i

5、ncrease in the price level over the last 60 years.c.Inflation in the 1970s was below the average over the last 60 years.d.The United States has experienced periods of deflation. c.Inflation in the 1970s was below the average over the last 60 years.7.There was hyperinflationa.during 18801896 in the U

6、nited States.b.in postWorld War I Germany.c.during the 1970s in the United States.d.All of the above are correct. b.in postWorld War I Germany.8.Which of the following events in postWorld War I Germany likely contributed to the rise of Nazism and World War II?a.deflation that proved detrimental to f

7、armersb.an aversion to inflation by policymakers that kept wages stagnantc.an unexpected drop in inflation that hurt borrowersd.an extraordinarily high rate of inflation d.an extraordinarily high rate of inflation9.The classical theory of inflationa.is also known as the quantity theory of money.b.wa

8、s developed by some of the earliest economic thinkers.c.is used by most modern economists to explain the long-run determinants of the inflation rate. d.All of the above are correct.10.The quantity theory of moneya.is a fairly recent addition to economic theory.b.can explain both moderate and hyperin

9、flations.c.argues that inflation is caused by too little money in the economy. b.can explain both moderate and hyperinflations.11.Economists all agree thata.neither high inflation nor moderate inflation is very costly.b.both high and moderate inflation are quite costly.c.high inflation is costly, bu

10、t disagree about the costs of moderate inflation.d.moderate inflation is as costly as high inflation. c.high inflation is costly, but disagree about the costs of moderate inflation.12.When the price level falls, the number of dollars needed to buy a representative basket of goodsa.increases, so the

11、value of money rises.b.increases, so the value of money falls.c.decreases, so the value of money rises.d.decreases, so the value of money falls. c.decreases, so the value of money rises. 17.113.When the value of money rises, the number of dollars needed to buy a representative basket of goodsa.incre

12、ases, and so the price level rises.b.increases, and so the price level falls.c.decreases, and so the price level rises.d.decreases, and so the price level falls. d.decreases, and so the price level falls. 2 SECTION:14.When the number of dollars needed to buy a representative basket of goods falls, t

13、he value of moneya.rises, and so the price level rises.b.rises, and so the price level falls.c.falls, and so the price level rises.d.falls, and so the price level falls. b.rises, and so the price level falls.15.The supply curve of money is vertical because the quantity of money supplied increasesa.w

14、hen the value of money increases.b.when the value of money decreases.c.only if people desire to hold more money.d.only if the central bank increases the money supply. d.only if the central bank increases the money supply.16.The supply of money is determined bya.the price level.b.the Treasury and Con

15、gressional Budget Office.c.the Federal Reserve System.d.the demand for money. c.the Federal Reserve System.17.The supply of money increases whena.the value of money increases.b.the interest rate increases.c.the Fed makes open-market purchases.d.None of the above is correct. c.the Fed makes open-mark

16、et purchases.18.When the money market is drawn with the value of money on the vertical axis, an increase in the price level causes aa.shift to the right of the money demand curve.b.shift to the left of the money demand curve.c.movement to the left along the money demand curve.d.movement to the right

17、 along the money demand curve. d.movement to the right along the money demand curve.19.When the money market is drawn with the value of money on the vertical axis, as the price level increases the quantity of moneya.demanded increases.b.demanded decreases.c.supplied increases.d.supplied decreases. a

18、.demanded increases.20.When the money market is drawn with the value of money on the vertical axis, as the price level increases, the value of moneya.increases, so the quantity of money demanded increases.b.increases, so the quantity of money demanded decreases.c.decreases, so the quantity of money

19、demanded decreases.d.decreases, so the quantity of money demanded increases. d.decreases, so the quantity of money demanded increases.21.As the price level decreases, the value of moneya.increases, so people want to hold more of it.b.increases, so people want to hold less of it.c.decreases, so peopl

20、e want to hold more of it.d.decreases, so people want to hold less of it. b.increases, so people want to hold less of it.22.When the money market is drawn with the value of money on the vertical axis, the money demand curve slopesa.upward because at higher prices people want to hold more money.b.dow

21、nward because at higher prices people want to hold more money.c.downward because at higher price people want to hold less money.d.upward, because at higher prices people want to hold less money. b.downward because at higher prices people want to hold more money.23.Which of the following is correct?a

22、.If the Fed purchases bonds in the open market, then the money supply shifts right. A change in the price level does not shift money supply.b.If the Fed sells bonds in the open market, then money supply shifts right. A change in the price level does not shift money supply.c.If the Fed purchases bond

23、s, then the money supply shifts right. An increase in the price level shifts money supply right.d.If the Fed purchases bonds, then the money supply shifts right. A decrease in the price level shifts money supply right. a.If the Fed purchases bonds in the open market, then the money supply shifts rig

24、ht. A change in the price level does not shift money supply.24.When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to thea.right, lowering the price level.b.right, raising the price level.c.left, raising the price

25、 level.d.left, lowering the price level. b.right, raising the price level.25.When the money market is drawn with the value of money on the vertical axis, an increase in the money supplya.increases the price level and the value of money.b.increases the price level and decreases the value of money.c.d

26、ecreases the price level and increases the value of money.d.decreases the price level and the value of money. b.increases the price level and decreases the value of money.26.When the money market is drawn with the value of money on the vertical axis, an increase in the money supply causes the equilibrium value of moneya.and equi