宏观经济学期末考试试卷(附答案).doc

欢迎您阅读并下载本文档，本文档来源于互联网，如有侵权请联系删除！我们将竭诚为您提供优质的文档！欢迎您阅读并下载本文档，本文档来源于互联网，如有侵权请联系删除！我们将竭诚为您提供优质的文档！c.The ranking of countries by income changes substantially over time,d.Over the last 100 years,Japan had the highest real GDP growth rate,and now has the highest real GDP per person.5?Using the production function and notation in the text,K/L measures a.natural resources per worker?b?human capital per worker.c.output per worker?d.physical capital per worker.6?Index funds a.typically have about the same rate of return as more actively managed funds.b.typically have lower rates of return than more actively managed funds.c.contain the stocks and bonds from a single Standard Index Classification of industry?d?typically have higher rates of return than more actively managed funds.7-In a closed economy,national saving equals a.investment.b.income minus the sum of consumption and govemment expenditures.c.private saving plus public saving?d.All of the above are correct?8?At which interest rate is the present value of$162.24 two years from today equal to$150 today?a.4 percent b?5 percent c.6 percent d?None of the above are correct to the nearest penny.9?Which of the following is incorrect?a.Frictional unemployment is inevitable in a dynamic economy.b.Although the unemployment created by sectoral shifts is unfortunate,in the long run such changes lead to higher productiv让y and higher living standards-c.At least 10 percent of U.S.manufacturing jobs are destroyed every year.d.In a typical month more than 5 percent of workers leave their jobs.欢迎您阅读并下载本文档，本文档来源于互联网，如有侵权请联系删除！我们将竭诚为您提供优质的文档！10.Use the balance sheet for the following question.Last Bank of Cedar Bend Assets Liabilities Reserves$25,000 Deposits$150,000 Loans$125,000 If the reserve requirement is 10 percent,this bank a.is in a position to make a new loan of$15,000?b?has less reserves than required?c.has excess reserves of less than$15,000.d.None of the above are correct.11?Which of the following lists ranks the Feds monetary policy tools from most to least frequently used?a.discount rate changes,reserve requirement changes,open market transactions b.:reserve requirement changes,open market transactions,discount rate changes c.open market transactions,discount rate changes,reserve requirement changes d.None of the above lists ranks the tools correctly.12.A decrease in the money supply creates an excess a.supply of money that is eliminated by rising prices?b?supply of money that is eliminated by falling prices.c.demand for money that is eliminated by rising prices.d.demand for money that is eliminated by falling prices?13-Given a nominal interest rate of 6 percent,in which case would you earn the lowest after-tax real rate of interest?a.Inflation is 4 percent;the tax rate is 25 percent.b?Inflation is 3 percent;the tax rate is 20 percent.c.Inflation is 2 percent;the tax rate is 15 percent.d.Tlie after-tax real interest rate is the same for all of the above.14-In recent years,U.S.net capital outflow was a.positive and net exports were negative?b?positive and net exports were positive?c.negative and net exports were negative.欢迎您阅读并下载本文档，本文档来源于互联网，如有侵权请联系删除！我们将竭诚为您提供优质的文档！d.negative and net exports were positive?15.If a country has business opportunies that are relatively attractive to other countries,we would expect it to have a.both positive net exports and positive net capital outflow?b?both negative net exports and negative net capital outflow?c.positive net exports and negative net capital outflow.d.negative net exports and positive net capital outflow?16.On behalf of your firm,you make frequent trips to Hong Kong.You notice that you always have to pay more dollars to get enough local currency to get your hair styled than you have to pay to get your hair styled in the United States.This is a.inconsistent with purchasing-power parity,but might be explained by limited opportunities for arbitrage in hairstyling across international borders?b?consistent wh purchasing-power parity if prices in Hong Kong are rising more rapidly than prices in the United States.c.consistent wh purchasing-power parity if prices in Hong Kong are rising less rapidly than prices in the United States.d?None of the above is correct.17-Ceteris paribus,if the Canadian real interest rate were to increase,Canadian net capital outflow a.and net capal outflow of other countries would rise.b?and net capital outflow of other countries would fall.c.would rise,while net capital outflow of other countries would fall.d.would fall,while net capal outflow of other countries would rise.18?If a government increases its budget deficit,then the real exchange rate a.and domestic investment rise.b?and domestic investment fall.c rises and domestic investment falls.d.falls and domestic investment rises?19.Which of the following is the correct way to show the effects of a new import quota?a.shift the demand for loanable funds right,the supply of dollars for foreign exchange right,and the demand for dollars left 欢迎您阅读并下载