宏观经济学课件 OBlanchard Macroeconomics 6th chapter 25Word格式.docx
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宏观经济学课件 OBlanchard Macroeconomics 6th chapter 25Word格式.docx
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C)inflationisalwaysandeverywhereamonetaryphenomenon.
D)thePhillipscurveisstable.
B
3)Theneoclassicalsynthesis
A)wasanamecoinedbyKeyneshimselfforhisnewtheories.
B)rejectedvirtuallyallofKeynes'
insights.
C)heldthateconometricmodelsoftheeconomycouldnotbeusedtopredictthefuture.
D)heldthateconomyalwaysoperatedatorverynearthenaturalrateofunemployment.
E)wasthedominantschoolofthoughtamongeconomistsinthe1950sand1960s.
4)Liquiditypreferencerefersto
A)Keynes'
nameforthedemandformoney.
B)the"
randomwalk"
behaviorofconsumptionspending.
C)monetaristsexplanationsforstagflation.
D)realbusinesscycletheorists'
explanationsforstagflation.
E)thecontroversysparkedbytheLucascritique.
A
5)Whichofthefollowingwasnotpartoftheneoclassicalsynthesis?
A)theIScurve
B)theLMcurve
C)thePhillipscurve
D)aggregatedemand
E)rationalexpectations
6)Whichofthefollowingschoolsofthoughtadvisedagainstfine-tuning,duetoourlimitedunderstandingoftheeconomy?
A)Monetarist
B)Keynesian
C)NewKeynesianism
D)Newgrowth
E)Neoclassical
7)"
Inthelongrun,we'
realldead"
wasKeynes'
wayofsayingthat
A)intellectualpursuits,likeunderstandingtheeconomy,areunimportantintheschemeofthings.
B)noonewouldappreciatehistheoriesduringhislifetime.
C)thereisnopointinsavingforretirement.
D)itisveryimportanttosaveforone'
sretirement.
8)Theintellectualleaderofthemonetaristswas
A)RobertLucas.
B)MiltonFriedman.
C)JohnMaynardKeynes.
D)PaulRomer.
E)JohnTaylor.
9)Inthe1960s,themonetaristschoolofthoughtheldthat
A)monetaryandfiscalpolicycouldexplainmostoftheoutputfluctuationsinU.S.history.
B)thereisalong-runtradeoffbetweeninflationandunemployment.
C)effortstofine-tunetheeconomyarelikelytodomoreharmthangood.
C
10)IftheIScurveisrelativelysteep,then
A)therecanbenolong-runtradeoffbetweeninflationandunemployment.
B)monetarypolicycannotbeveryeffectiveinchangingGDP.
C)rationalexpectationstheoryisprobablycorrect.
D)Ricardianequivalencemostlikelyholds.
E)budgetdeficitswillnotaffectfuturecapitalaccumulation.
11)Duringthe1970sand1980s,macroeconomistswerebusyintegratingtheinsightsofwhichofthefollowingintotheirideasabouttheeconomy?
A)realbusinesscycletheory
B)Keynesiantheory
C)supplysideeconomics
D)classicalmacroeconomics
12)Whichofthefollowingeventsledtothecrisisinmacroeconomicsandtothedevelopmentofrationalexpectationstheory?
A)theGreatDepression
B)thestockmarketcrashof1987
C)thestockmarketspeculativebubbleofthelate1990s
D)stagflationinthe1970s
E)largebudgetdeficitsinthe1980s
D
13)MiltonFriedmanattributedtheGreatDepressionprimarilyto
A)thegovernment'
sfailuretorespondtoanincreaseinthebudgetdeficit.
B)areductioninthemoneysupply.
C)economists'
andpolicy-makers'
failuretoacknowledgetheirlimitedknowledge.
D)thefailureofwagestorise.
E)inaccurateexpectationsbyconsumersandfirms.
14)Whichofthefollowingisanimplicationofrationalexpectationstheory?
A)deviationsofoutputfromthenaturalratearelikelytobeseriousandlong-lived.
B)theeconomyislikeacomplexmachine,thatneedstobeoptimallycontrolledwiththeproperpolicy.
C)macroeconometricmodelsbasedonpastbehaviorwillnotbeveryusefulinformulatingpolicy.
D)wagesandpricesaresetalmostentirelyatrandom,soitispointlesstotrytomodeltheirbehavior.
E)businesscyclesalmostalwaysresultfromashiftinaggregatedemand.
15)Mosteconomistswouldagreethat,unlessitincorporatesrationalexpectationsorsomethinglikeit,amodelcannotaccountfor
A)theGreatDepression.
B)shiftsinaggregatesupply.
C)therelationshipbetweenconsumptionandincome.
D)thestagflationofthe1970s.
E)thedifferentinitialimpactofapermanentversusatemporarypolicychange.
16)Accordingtorationalexpectationstheory,monetarypolicywillaffectoutputonlyifitis
A)anticipated.
B)unanticipated.
C)averylargechange.
D)averysmallchange.
E)apolicythathasbeentriedinthepast.
17)Ifconsumersareveryforesighted,wewouldexpectactualconsumptionspendingto
A)increaseduringrecessions.
B)increaseduringepisodesofstagflation.
C)havenorelationtowealth.
D)resemblea"
randomwalk."
E)beentirelypredictable.
2
18)Thestaggeringofwageandpricedecisionssuggeststhat
A)peopledonotpossessrationalexpectations.
B)peopledopossessrationalexpectations.
C)theeconomywilladjustslowlytoshocksevenifpeoplepossessrationalexpectations.
D)theLucascritiqueisentirelycorrect.
E)realbusinesscycletheoryiscorrect.
19)Accordingtorealbusinesscycletheorists,
A)fiscalpolicyexplainsmostchangesinoutput.
B)priceandwagerigidityexplainmostchangesinoutput.
C)efficiencywagetheoryexplainswagerigidity.
D)changesinoutputprimarilyrepresentchangesinthenaturallevelofoutput.
E)fiscalpolicyexplainsmostchangesinefficiencywagetheory.
20)Oneproblemwithrealbusinesscycletheoryisthat
A)itismoresuccessfulinexplainingexpansionsthaninexplainingcontractions.
B)itreliesalmostentirelyonKeynes'
originalideas,ignoringmuchoftheprogressmadesincethen.
C)ittreatsgovernmentofficialsaswell-meaningpublicservants,despitemuchevidencetothecontrary.
D)itdefines"
productivity"
inanewandnotveryintuitiveway.
E)itsmodelsdownplaytheimportanceoftechnologicalprogressintheeconomy.
21)Thoseeconomistswhoattempttoexplainwhywagesandpricesdonotfreelyadjustwouldmostlikelybe
A)realbusinesscycletheorists.
B)newclassicaleconomists.
C)newKeynesianeconomists.
D)newgrowththeorists.
22)Theexistenceofmenucostsareoftenusedtoexplainwhy
A)fiscalandmonetarypoliciesshouldberelativelyeffective.
B)thepriceofservices,likethoseprovidedbyrestaurantsandbarbers,riseatafasterratethanthepriceofgoods,likeautomobilesandclothing.
C)foodpricestendtorisedisproportionatelyrapidlyintheconsumerpriceindex.
D)priceandwageadjustmentswillberelativelyrapid.
E)peopleprefertolookbackward,insteadofforward,whenanticipatingthefuture.
23)Acorebeliefofmodernmacroeconomicsisthatintheshortrun,
A)fiscalpolicyismoreeffectiveinchangingoutputthanmonetarypolicy.
B)monetarypolicyismoreeffectiveinchangingoutputthanfiscalpolicy.
C)fluctuationsinaggregatedemandaffectunemployment.
D)fluctuationsinaggregatedemandhavenoimpactonthepricelevel.
E)theeconomyalwaysoperatesatornearthenaturalrateofunemployment.
24)Acorebeliefofmodernmacroeconomicsisthatinthelongrun,
A)achangeinmoneygrowthwillaffectthelevelofoutput,butnotitscomposition.
B)achangeinmoneygrowthwillaffectthecompositionofoutput,butnotitslevel.
C)outputcandeviatepermanentlyfromitsnaturallevel.
D)achangeinfiscalpolicywillnotaffectthecompositionofoutput.
E)greatersavingwillresultingreateroutput.
25)Oneofthemostimportantareasofdisagreementamongmacroeconomiststodayisover
A)theslopeoftheIScurve.
B)theslopeoftheLMcurve.
C)thedefinitionofconsumptionspending.
D)thedefinitionofgovernmentspending.
26)"
Effectivedemand"
representswhichofthefollowing?
A)moneydemand
B)demandforexports
C)domesticdemand
D)thedemandforlabor
E)aggregatedemand
27)Liquiditypreferencereferstothetheoryof
A)moneydemand.
B)consumption.
C)investment.
D)expectations.
28)Theneoclassicalsynthesishademergedbywhatdecade?
A)1930s
B)1940s
C)1950s
D)1960s
E)1990s
29)TheIS-LMmodelwasdevelopedby
A)FriedmanandPhelps.
B)HicksandHansen.
C)ModiglianiandFriedman.
D)LucasandSargent.
30)Thetheoriesofconsumptionweredevelopedby
A)FriedmanandPhelps
B)HicksandHansen
C)ModiglianiandFriedman
D)LucasandSargent
31)Thet
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