money and bank test bankchap22.docx

money and bank test bankchap22.docx

《money and bank test bankchap22.docx》由会员分享，可在线阅读，更多相关《money and bank test bankchap22.docx（28页珍藏版）》请在冰点文库上搜索。

moneyandbanktestbankchap22

TheEconomicsofMoney,Banking,andFinancialMarkets,9e（Mishkin）

Chapter22AggregateDemandandSupplyAnalysis

22.1AggregateDemand

1）Theaggregatedemandcurveisthetotalquantityofaneconomy's

A）intermediategoodsdemandedatallpricelevels.

B）intermediategoodsdemandedataparticularpricelevel.

C）finalgoodsandservicesdemandedataparticularpricelevel.

D）finalgoodsandservicesdemandedatdifferentpricelevels.

Answer:

D

QuesStatus:

PreviousEdition

2）Thetotalquantityofaneconomy'sfinalgoodsandservicesdemandedatdifferentpricelevelsis

A）theaggregatesupplycurve.

B）theaggregatedemandcurve.

C）thePhillipscurve.

D）theaggregateexpenditurefunction.

Answer:

B

QuesStatus:

PreviousEdition

3）Theaggregatedemandcurveslopesdownwardbecauseadecreaseinthepricelevelmeans________intherealmoneysupplyandthereforea________levelofrealspending.

A）anincrease;higher

B）anincrease;lower

C）adecrease;lower

D）adecrease;higher

Answer:

A

QuesStatus:

PreviousEdition

4）Thequantitytheoryofmoneyisderivedfrom

A）theconceptofvelocity.

B）theKeynesianmonetarytransmissionmechanism.

C）theequationofexchange.

D）themoneysupply.

Answer:

C

QuesStatus:

PreviousEdition

5）Asapproachedthroughthequantitytheoryofmoney,aggregatedemandisderivedfrom

A）theequationofexchange.

B）itsthreecomponentparts:

consumerexpenditure,investmentspending,andgovernmentspending.

C）itsfourcomponentparts:

consumerexpenditure,investmentspending,governmentspending,andnetexports.

D）thespendingmultiplier.

Answer:

A

QuesStatus:

PreviousEdition

6）Accordingtothequantitytheoryofmoney,anincreaseinthemoneysupply________aggregate________,everythingelseheldconstant.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

A

QuesStatus:

Revised

7）Accordingtothequantitytheoryofmoney,adecreaseinthemoneysupply,________aggregate________,everythingelseheldconstant.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

B

QuesStatus:

Revised

8）Onewaytoderiveaggregatedemandisbylookingatitsfourcomponentparts,whichare:

A）consumerexpenditures,plannedinvestmentspending,governmentspending,andnetexports.

B）consumerexpenditures,actualinvestmentspending,governmentspending,andnetexports.

C）consumerexpenditures,plannedinvestmentspending,governmentspending,andgrossexports.

D）consumerexpenditures,plannedinvestmentspending,governmentspending,andtaxes.

Answer:

A

QuesStatus:

PreviousEdition

9）Byanalyzingaggregatedemandthroughitscomponentparts,wecanconcludethat,everythingelseheldconstant,adeclineinthepricelevelcauses

A）adeclineintherealmoneysupply,anincreaseininterestrates,adeclineininvestmentspending,andadeclineinaggregateoutputdemand.

B）adeclineintherealmoneysupply,adeclineininterestrates,anincreaseininvestmentspending,andanincreaseinaggregateoutputdemand.

C）anincreaseintherealmoneysupply,adeclineininterestrates,anincreaseininvestmentspending,andanincreaseinaggregateoutputdemand.

D）anincreaseintherealmoneysupply,anincreaseininterestrates,adeclineininvestmentspending,andadeclineinaggregateoutputdemand.

Answer:

C

QuesStatus:

PreviousEdition

10）Bylookingataggregatedemandviaitscomponentparts,wecanconcludethattheaggregatedemandcurveisdownwardslopingbecause

A）alowerpricelevel,holdingthenominalquantityofmoneyconstant,leadstoalargerquantityofmoneyinrealterms,causestheinterestratetofall,andstimulatesplannedinvestmentspending.

B）alowerpricelevel,holdingthenominalquantityofmoneyconstant,leadstoalargerquantityofmoneyinnominalterms,causestheinterestratetorise,andstimulatesplannedinvestmentspending.

C）ahigherpricelevel,holdingthenominalquantityofmoneyconstant,leadstoalargerquantityofmoneyinrealterms,causestheinterestratetofall,andstimulatesplannedinvestmentspending.

D）ahigherpricelevel,holdingthenominalquantityofmoneyconstant,leadstoasmallerquantityofmoneyinrealterms,causestheinterestratetofall,andstimulatesplannedinvestmentspending.

Answer:

A

QuesStatus:

PreviousEdition

11）Bylookingataggregatedemandthroughitscomponentparts,wecanconcludethata________pricelevel________therealquantityofmoney,________higherspending.

A）lower;expands;encouraging

B）higher;contracts;encouraging

C）lower;contracts;discouraging

D）higher;expands;encouraging

Answer:

A

QuesStatus:

PreviousEdition

12）Byanalyzingaggregatedemandviaitscomponentparts,wecanconcludethatchangesinthemoneysupply

A）havenoeffectonaggregatedemand.

B）affectaggregatedemandintheoppositedirectionofthechangeingovernmentspending.

C）affectaggregatedemandinthesamedirectionasthechangeingovernmentspending.

D）affectthequantityofaggregateoutputdemand.

Answer:

C

QuesStatus:

PreviousEdition

13）Everythingelseheldconstant,anincreaseingovernmentspending________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

A

QuesStatus:

Revised

14）Everythingelseheldconstant,adecreaseingovernmentspending________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

B

QuesStatus:

PreviousEdition

15）Everythingelseheldconstant,adecreaseinnettaxes________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

A

QuesStatus:

Revised

16）Everythingelseheldconstant,anincreaseinnettaxes________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

B

QuesStatus:

Revised

17）Everythingelseheldconstant,abalancedbudgetincreaseingovernmentspending（thatis,anincreaseingovernmentspendingthatismatchedbyanidenticalincreaseinnettaxes）will

A）increaseaggregatedemand,butnotbyasmuchasifjustgovernmentspendingincreases.

B）increaseaggregatedemandbymorethanifjustgovernmentspendingincreases.

C）notaffectaggregatedemand.

D）decreaseaggregatedemand.

Answer:

A

QuesStatus:

Revised

18）Everythingelseheldconstant,anincreaseinnetexports________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

A

QuesStatus:

Revised

19）Everythingelseheldconstant,adecreaseinnetexports________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

B

QuesStatus:

Revised

20）Everythingelseheldconstant,anincreaseinplannedinvestmentexpenditure________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

A

QuesStatus:

PreviousEdition

21）Everythingelseheldconstant,adecreaseinplannedinvestmentexpenditure________aggregate________.

A）increases;demand

B）decreases;demand

C）decreases;supply

D）increases;supply

Answer:

B

QuesStatus:

PreviousEdition

22）Everythingelseheldconstant,aggregatedemandincreaseswhen

A）taxesarecut.

B）governmentspendingisreduced.

C）animalspiritsdecrease.

D）themoneysupplyisreduced.

Answer:

A

QuesStatus:

PreviousEdition

23）Everythingelseheldconstant,aggregatedemandincreaseswhen

A）netexportsdecrease.

B）taxesincrease.

C）plannedinvestmentspendingincreases.

D）themoneysupplydecreases.

Answer:

C

QuesStatus:

PreviousEdition

24）Everythingelseheldconstant,whichofthefollowingdoesnotcauseaggregatedemandtoincrease?

A）Anincreaseinnetexports

B）Anincreaseingovernmentspending

C）Anincreaseintaxes

D）Anincreaseinconsumeroptimism

Answer:

C

QuesStatus:

PreviousEdition

25）Explainthroughthecomponentpartsofaggregatedemandwhytheaggregatedemandcurveslopesdownwithrespecttothepricelevel.Besuretodiscusstwochannelsthroughwhichchangesinpricesaffectdemand.

Answer:

Afallinthepricelevelincreasestherealvalueofafixednominalmoneysupply.Thisincreaseintherealmoneysupplylowersinterestrates.Lowerratesincreaseinvestment,therebyincreasingaggregatedemand.Lowerinterestratesalsocausedepreciationofthedomesticcurrency,increasingnetexportsandaggregatedemand.

QuesStatus:

PreviousEdition

22.2AggregateSupply

1）Theaggregatesupplycurveisthetotalquantityof

A）rawmaterialsofferedforsaleatdifferentprices.

B）finalgoodsandservicesofferedforsaleatthecurrentpricelevel.

C）finalgoodsandservicesofferedforsaleatdifferentpricelevels.

D）intermediateandfinalgoodsandserviceofferedforsaleatdifferentpricelevels.

Answer:

C

QuesStatus:

PreviousEdition

2）Theaggregatesupplycurveshowstherelationshipbetween

A）thelevelofinputsandaggregateoutput.

B）thepricelevelandthelevelofinputs.

C）thewagerateandthelevelofemployment.

D）thepricelevelandthelevelofaggregateoutputsupplied.

Answer:

D

QuesStatus:

PreviousEdition

3）Thelong-runrateofunemploymenttowhichaneconomyalwaysgravitatesisthe

A）normalrateofunemployment.

B）naturalrateofunemployment.

C）neutralrateofunemployment.

D）inflationaryrateofunemployment.

Answer:

B

QuesStatus:

PreviousEdition

4）Thelong-runaggregatesupplycurveis

A）averticallinethroughthenon-inflationaryrateofoutput.

B）averticallinet