国际经济学题库

1InternationalEconomics,8e(Krugman)Chapter18TheInternationalMonetarySystem,1870-197318.1MacroeconomicPolicyGoalsinanOpenEconomy1)Undertheprice-specie-flowmechanism,whathappenswhensayGermany'scurrentaccountsurplusisgreaterthanitsnon-reservecapitalaccountdeficits?A)Germanloanswillfinanceallforeignnetimports.B)AutomaticdropinGermandomesticpricesandriseinforeignprices.C)GoldreserveswillflowintoGermany.D)GoldreserveswillflowoutofGermany.E)Noneoftheabove.Answer:CQuestionStatus:PreviousEdition2)Therulesofthegameunderthegoldstandardcanbestbedescribedaswhichofthefollowing:A)sellingdomesticassetsinadeficitandbuyingassetsinasurplus.B)slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandard.C)sellingdomesticassetsinordertoaccumulategold.D)sellingforeignassetsinadeficitandbuyingforeignassetsinasurplus.E)Noneoftheabove.Answer:AQuestionStatus:PreviousEdition3)Acountryseekingtomaintaininternalbalancewouldbemostconcernedwith:A)attaininglowlevelsofunemployment.B)ensuringthatsavingsisweightedmoretowardsdomesticinvestmentthanthecurrentaccount.C)largefluctuationsinoutput.D)anadequatestockofgoldreserves.E)Noneoftheabove.Answer:CQuestionStatus:PreviousEdition4)Byinternalbalance,mosteconomistsmeanA)fullemployment.B)pricestability.C)fullemploymentandpricestability.D)fullemploymentandmoderateincreaseinprices.E)Noneoftheabove.Answer:CQuestionStatus:PreviousEdition5)Byexternalbalance,mosteconomistsmeans,A)avoidingexcessiveimbalancesininternationalpayments.B)balancebetweenexportsandimports.C)balancebetweentradeaccountandserviceaccount.D)fixedexchangerate.E)Noneoftheabove.Answer:AQuestionStatus:PreviousEdition26)Whichoneofthefollowingstatementsistrue?A)Inflationbutnotdeflationcanoccurevenunderconditionsoffullemployment.B)Deflationbutnotinflationcanoccurevenunderconditionsoffullemployment.C)Inflationordeflationcanoccurevenunderconditionsoffullemployment.D)Inflationcanoccurevenunderconditionsoffullemploymentonlyinthelongrun.E)Noneoftheabove.Answer:CQuestionStatus:PreviousEdition7)InflationcanoccurevenunderconditionsoffullemploymentA)onlyifthecentralbankcontinuestoinjectmoneyintotheeconomyandtheagents'expectationsofinflationaresupportedbythebank'sactivities.B)onlyifthecentralbankcontinuestoinjectmoneyintotheeconomy.C)onlyifthecentralbankcontinuestowithdrawmoneyfromtheeconomy.D)onlyifthecentralbankcontinuestoinjectmoneyintotheeconomyandallagentsexpectthatinflationwillnotoccur.E)Alloftheabove.Answer:AQuestionStatus:PreviousEdition8)AsuddenincreaseintheU.S.pricelevelA)makesthosewithdollardebtsworseoff.B)makesthosewithdollardebtsbetteroff.C)donotaffectthosewithdollardebts.D)makesthosewithDMdebtbetteroff.E)Noneoftheabove.Answer:BQuestionStatus:PreviousEdition9)AsuddenincreaseintheU.S.pricelevelA)makescreditorsindollarsbetteroff.B)makescreditorsindollarsworseoff.C)donotaffectcreditorsindollars.D)makescreditorsinDMworseoff.E)Noneoftheabove.Answer:BQuestionStatus:PreviousEdition10)AsuddendecreaseintheU.S.pricelevelA)makesthosewithdollardebtsworseoff.B)makesthosewithdollardebtsbetteroff.C)donotaffectthosewithdollardebts.D)makesthosewithDMworseoff.E)Noneoftheabove.Answer:AQuestionStatus:PreviousEdition311)AsuddendecreaseintheU.S.pricelevelA)makescreditorsindollarsbetteroff.B)makescreditorsindollarsworseoff.C)donotaffectcreditorsindollars.D)makescreditorsinDMbetteroff.E)Noneoftheabove.Answer:AQuestionStatus:PreviousEdition12)AcurrentaccountsurplusA)posesaproblemifdomesticsavingsarebeinginvestedmoreprofitablyabroadthantheywouldbeathome.B)mayposenoproblemifdomesticsavingsarebeinginvestedmoreprofitablyabroadthantheywouldbeathome.C)mayposenoproblemifdomesticsavingsarebeinginvestedlessprofitablyabroadthantheywouldbeathome.D)thereisnorelationbetweencurrentaccountsurplusandbetweensavingsandinvestment.E)Noneoftheabove.Answer:BQuestionStatus:PreviousEdition13)AcurrentaccountdeficitA)willnotposeaproblem,especiallyifitisaccompaniedbyanexpansionaryfiscalpolicy.B)mayposenoproblemiftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojectsthatpayforthemselveswiththerevenuetheygenerateinthefuture.C)maystillposeaproblem,eveniftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojects.D)Thereisnorelationbetweencurrentaccountsurplusandbetweensavingsandinvestment.E)Noneoftheabove.Answer:BQuestionStatus:PreviousEdition14)Whichoneofthefollowingstatementsistrue?A)Countrieswithstronginvestmentopportunitiesshouldinvestlittleathomeandchanneltheirsavingsintomoreproductiveinvestmentactivityabroad.B)Countrieswithweakinvestmentopportunitiesshouldinvestlittleathomeandchanneltheirsavingsintomoreproductiveinvestmentactivityabroad.C)Countrieswithweakinvestmentopportunitiesshouldinvestmoreathome.D)Countrieswithweakinvestmentopportunitiesshouldinvestlittleabroad.E)Noneoftheabove.Answer:BQuestionStatus:PreviousEdition15)CountrieswithA)stronginvestmentopportunitiesshouldinvestlittleathomeandchanneltheirsavingsintomoreproductiveinvestmentactivityabroad.B)stronginvestmentopportunitiesshouldinvestmoreathomeandlessabroad.C)weakinvestmentopportunitiesshouldinv