宏观经济学选择题 题集 全

宏观经济学选择题题集全

1. The goals of macroeconomic policy include: E

A) high employment

B) low unemployment

C) stable prices

D) growing real GDP

E) all of the above

2. Suppose that in a particular year, nominal GDP is less than real GDP. This implies that:E

A) inflation is low

B) inflation is high

C) the year in question prior to the base year

D) the year in question after the base year

E) the answer cannot be determined from the information given

3. The two approaches that economists use to measure GDP are:E

A) the goods flow and investment flow

B) current surveys and historical data

C) the product flow and spending flow

D) household tax returns and corporate tax returns

E) the product flow and the earnings flow

4. What must be done to equalize the flow-of-product and the earnings or cost approaches?A

A) Intermediate goods must be subtracted from the flow-of-product sum

B) Profits must be considered a residual cost

C) Imputed rents must be excluded

D) The dollar value of services produced mustbe included in the flow-of-product

E) Transfer payments by the government must be included in the flow-of-cost approach

5. The MPC is the ratio of A

A) Extra consumption to extra income

B) Extra consumption to extra saving

C) Extra consumption to total income

D) Total consumption to total income

E) Break-even consumption to break-even income

6. Which of the following is not considered a category of investment?A

A) Stock and bond purchases.

B) Purchases of plant and equipment

C) Purchases adding to inventories

D) Residential housing construction

E) None of above

7. Which of the following best describes the money-supply effect?A

A) As prices rise, tight money leads to a decrease in total real spending

B) As the Fed injects more money into the economy, prices increase

C) Tight money causes recessions

D) The greater the money supply, the greater the growth of the economy

E) None of the above

8. On the basis of the Keynesian model of output determination, equilibrium gross domestic

product is described by all but which one of the following?

A) Intersection of SS schedule with the II schedule

B) Intersection of the consumption-plus-saving schedule with the investment schedule

C) Intended investment equals actual investment

D) Maintainable C+I spending equals production expenses, including profit

E) Intersection of the C+I line with the 45-degree line

9. Which of the following best describes the accelerator principle?C

A) Once an economy passes a peak, the decline becomes

self-perpetuating

B) An economy recovering from a trough, first grows faster, then slower