宏观经济学期末考试试卷2(附答案)

第1页共20页第2页共20页考生答题不得过此线∶∶∶∶∶∶∶∶∶∶∶∶∶∶密∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶封∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶线∶∶∶∶∶∶∶∶∶∶∶∶∶∶任课教师：教学班号：姓名：学号：∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶装∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶订∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶线∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶一、选择题(每小题1分，共30分)1．IntheUnitedStatesrealGDPisreportedeachquarter.a.Thesenumbersareadjustedtomakethemmeasureatannualandseasonallyadjustedrates.b.Thesenumbersareadjustedtomakethemannualrates,butnoadjustmentforseasonalvariationsaremade.c.Thesenumbersarequarterlyratesthathavebeenseasonallyadjusted.d.Thesenumbersareatquarterlyratesandhavenotbeenseasonallyadjusted.2．ThepriceofCDplayersincreasesdramatically,causinga1percentincreaseintheCPI.ThepriceincreasewillmostlikelycausetheGDPdeflatortoincreasebya.morethan1percent.b.lessthan1percent.c.1percent.d.Itisimpossibletomakeaninformedguesswithoutmoreinformation.3．IfincreasesinthepricesofU.S.medicalcarecausetheCPItoincreaseby2percent,theGDPdeflatorwilllikelyincreasebya.morethan2percent.b.2percent.c.lessthan2percent.d.Alloftheabovearecorrect.4．Thetraditionalviewoftheproductionprocessisthatcapitalissubjecttoa.constantreturns.b.increasingreturns.c.diminishingreturns.d.diminishingreturnsforlowlevelsofcapital,andincreasingreturnsforhighlevelsofcapital.5．Whichofthefollowingiscorrect?a.Politicalinstabilitycanreduceforeigninvestment,reducinggrowth.b.Gary'sBeckerproposaltopaymothersindevelopingcountriestokeeptheirchildreninschoolhasnotworkedverywellinpractice.c.Policiesdesignedtopreventimportsfromothercountriesgenerallyincreaseeconomicgrowth.d.Alloftheabovearecorrect.6．Usethefollowingtabletoanswerthefollowingquestion.StockSymYld%PEVol100sHiLoCloseNetChgGenMillsGIS2.5351375844.343.543.97-0.63GilletteG2.2313042831.129.7300.17GracoGGG1.21670524.223.123.95-0.53HersheyHSY2.138541863.461.762.450.72Assumethattheclosingpricewasalsotheaveragepriceatwhicheachstocktransactiontookplace.WhatwasthetotaldollarvolumeofGillettestocktradedthatday?a.$912,840,000b.$91,284,000c.$9,128,400d.$912,8407．SupposethatinaclosedeconomyGDPisequalto10,000,taxesareequalto2,500Consumptionequals6,500andGovernmentexpendituresequal2,000.Whatareprivatesaving,publicsaving,andnationalsaving?a.1500,1000,500b.1000,500,1500c.500,1500,1000d.Noneoftheabovearecorrect.8．Risk-aversepeoplewillchoosedifferentassetportfoliosthanpeoplewhoarenotriskaverse.Overalongperiodoftime,wewouldexpectthata.everyrisk-aversepersonwillearnahigherrateofreturnthaneverynon-riskaverseperson.b.everyrisk-aversepersonwillearnalowerrateofreturnthaneverynon-riskaverseperson.c.theaveragerisk-aversepersonwillearnahigherrateofreturnthantheaveragenon-riskaverseperson.d.theaveragerisk-aversepersonwillearnalowerrateofreturnthantheaveragenon-riskaverseperson.9．Thenaturalrateofunemploymentisthe得分评卷人第3页共20页第4页共20页考生答题不得过此线∶∶∶∶∶∶∶∶∶∶∶∶∶∶密∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶封∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶线∶∶∶∶∶∶∶∶∶∶∶∶∶∶任课教师：教学班号：姓名：学号：∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶装∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶订∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶线∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶∶a.unemploymentratethatwouldprevailwithzeroinflation.b.rateassociatedwiththehighestpossiblelevelofGDP.c.differencebetweenthelong-runandshort-rununemploymentrates.d.amountofunemploymentthattheeconomynormallyexperiences.10．Supposethatthereserveratiois5percentandthatabankhas$1,000indeposits.Itsrequiredreservesarea.$5.b.$50.c.$95.d.$950.11．Supposeabankhas$200,000indepositsand$190,000inloans.Ithasareserveratioofa.5percentb.9.5percentc.10percentd.Noneoftheaboveiscorrect.12．Theinflationtaxa.transferswealthfromthegovernmenttohouseholds.b.istheincreaseinincometaxesduetolackofindexation.c.isataxoneveryonewhoholdsmoney.d.Alloftheabovearecorrect.13．In1898,prospectorsontheKlondikeRiverdiscoveredgold.Thisdiscoverycausedanunexpectedpricelevela.decreasethathelpedcreditorsattheexpenseofdebtors.b.decreasethathelpeddebtorsattheexpenseofcreditors.c.increasethathelpedcreditorsattheexpenseofdebtors.d.increasethathelpeddebtorsattheexpenseofcreditors.14．Ivan,aRussiancitizen,sellsseveralhundredcasesofcaviartoarestaurantchainintheUnitedStates.Byitself,thissalea.increasesU.S.netexportsandhasnoeffectonRussiannetexports.b.increasesU.S.netexportsanddecreasesRussiannetexports.c.decreasesU.S.netexportsandhasnoeffectonRussiannetexports.d.decreasesU.S.netexportsandincreasesRussiannetexports.15．SupposethattherealexchangeratebetweentheUnitedStatesandKenyaisdefinedintermsofbasketsofgoods.Whichofthefollowingwillincreasetherealexchangerate(thatisincreasethenumberofbasketsofKenyangoodsabasketofU.S.goodsbuys)?a.anincreaseinthenumberofKenyanshillingsthatcanbepurchasedwithadollarb.anincreaseinthepriceofU.S.basketsofgoodsc.adecreaseinthepriceinKenyanshillingsofKenyangoodsd.Alloftheabovearecorrect.16．Usethe(hypothetical)informationinthefollowingtabletoanswerthenextquestion.CountryCurrencyCurrencyperU.S.DollarU.S.PriceIndexCountryPriceIndexBrazilReal4.00200800JapanYen125.0020050,000MexicoPeso10.002002,000SwedenKrona9.002002,000ThailandBaht45.002008,000Inrealterms,U.S.goodsaremoreexpensivethangoodsinwhichcountry(ies)?a.BrazilandMexicob.Japan,Sweden,andThailandc.JapanandSwedend.Thailand.17．Whichofthefollowingwouldtendtoshiftthes