宏观经济分析期末试卷2015英文版

12014-2015学年第二学期国际财务专业《宏观经济分析》（课程）试卷请将回答写在答题本上，写在试卷上无效！INSTRUCTIONSTOCANDIDATES1.Thisisaclosedbookexamination;thereforenowrittenmaterial,referencebooksornoteswillbepermittedintotheexaminationroom.2.Writeyouranswersintheanswerbookletsprovided.Numbereachquestionclearly.3.Thisexaminationisdividedintofourparts:PartA:Thirtymultiple-choicequestions-answerallquestions(45marks).PartB:TenTrueorFalsequestions-answerallquestions(10marks).PartC:Twocalculationquestions-answerallquestions(13marks).PartD:ShortAnswers.Answerfourshortanswerquestions(32marks).PARTAThirty(30)multiplechoicequestions.Studentsshouldattemptallthirtymultiplechoicequestions.Eachmultiplechoicequestionisworthoneandahalfmark(1.5).1.Whichofthefollowingeventswillcauseareductioninequilibriumoutput?A.anincreaseinthemarginalpropensitytosave.B.anincreaseintaxes.C.areductioninthemarginalpropensitytoconsume.D.alloftheabove.2.Lettheconsumptionfunctionberepresentedbythefollowingequation:C=c0+c1YD.Forthisequation,weassumethatc1isA.negative.B.0﹤c1﹤1C.differentatdifferentlevelsofincome.D.largerthanc0.Usethefollowinginformationtoanswerquestions3-5:C=1000+0.75YDI=600G=150T=1003.TheequilibriumlevelofGDPfortheaboveeconomyequals:A.2500.B.4500.C.6700.D.15000.4.Themultiplierfortheaboveeconomyequals:A.2.0B.3.0C.4.0D.6.7.5.Supposegovernmentspendingincreasesby100fortheaboveeconomy.Giventheaboveinformation,weknowthatequilibriumoutputwillincreaseby:A.200.B.400.C.900.D.1000.6.Wewouldexpectwhichofthefollowingtooccurwhenthecentralbankconductsanopenmarketsaleofbonds?A.anincreaseinthemoneysupplyB.areductioninthemonetarysupplyC.anincreaseinthemoneymultiplierD.areductioninthemoneymultiplier7.Theinterestratewillincreaseasaresultofwhichofthefollowingevents?A.anincreaseinrealGDP.B.anopenmarketpurchaseofbondsbythecentralbank.C.areductioninrealGDPD.alloftheabove.8.Supposeaone-yeardiscountbondofferstopay$1000inoneyearandcurrentlysellsfor$920.Giventhisinformation,weknowthattheinterestrateonthebondis装订线———————————————————————————————————————————————————————班级：姓名：学号：2A.5.3%.B.9.5%%.C.8.7%.D.8%.9.InthewagesettingrelationW=PeF(u,z),thevariablezdoesNOTincludewhichofthefollowingvariables?A.theminimumwage.B.unemploymentbenefits.C.theextenttowhichfirmsmarkuppricesovertheirmarginalcost.D.alloftheabove.10.WhichofthefollowingoccursastheeconomymovesleftwardalongagivenIScurve?A.anincreaseintheinterestratecausesinvestmentspendingtodecrease.B.anincreaseintheinterestratecausesmoneydemandtoincrease.C.anincreaseintheinterestratecausesareductioninthemoneysupply.D.areductioningovernmentspendingcausesareductionindemandforgoods.11.TheIScurverepresents:A.thesinglelevelofoutputwherethegoodsmarketisinequilibrium.B.thesinglelevelofoutputwherefinancialmarketsareinequilibrium.C.thecombinationsofoutputandtheinterestratewherethemoneymarketisinequilibrium.D.thecombinationsofoutputandtheinterestratewherethegoodsmarketisinequilibrium.12.Supposepolicymakersdecidetoincreasetaxes.Thisfiscalpolicyactionwillcausewhichofthefollowingtooccur?A.theLMcurveshiftsandtheeconomymovesalongtheIScurve.B.theIScurveshiftsandtheeconomymovesalongtheLMcurve.C.boththeISandLMcurvesshift.D.neithertheISnortheLMcurveshifts.13.Theneutralityofmoneyisconsistentwithwhichofthefollowingstatements?A.changesinthemoneysupplywillnotaffectemploymentintheshortrun.B.changesinthemoneysupplywillnotaffectemploymentinthemedium.C.changesinthemoneysupplywillnotaffectthepricelevelintheshortrunD.changesinthemoneysupplywillnotaffectthepricelevelinthemediumrun14.Assumetheeconomyisinitiallyoperatingatthenaturallevelofoutput.Nowsupposeabudgetispassedthatcallsforanincreaseingovernmentspending.Thisincreaseingovernmentspendingwill,inthemediumrun,haveNOeffectonwhichofthefollowing?A.employment.B.theinterestrate.C.thepricelevel.D.alloftheabove.15.Anincreaseinthepriceofoilwillcausewhichofthefollowinginthemediumrun?A.nochangeinthelevelofoutput.B.nochangeinthepricelevel.C.anincreaseintheunemploymentrate.D.areductionintheinterestrate.16.IfYYn,weknowwithcertaintythat:A.PPeB.PPeC.P=PeD.uun17.Forthisquestion,assumethattheeconomyisinitiallyoperatingatthenaturallevelofoutput.Areductioninconsumerconfidencewillcause:A.anincreaseintherealwageinthemediumrunB.areductionintherealwageinthemediumrunC.nochangeintherealwageinthemediumrunD.ambiguouseffectsontherealwageinthemediumrun18.AnswerthisquestionusingtheAS/ADmode.Whichofthefollowingwouldcauseaincreaseinthenaturallevelofoutputinthemediumrun?A.adecreaseingovernmentspending.B.adecreaseinthemoneysupply.C.anincreaseintaxes.D.noneoftheabove.19.Whichofthefollowingrepresentsashort-runeffectofamonetaryexpansion?A.anincreaseinoutput.B.areductionintheinterestrate.3C.anincreaseinthepricelevel.D.alloftheabove.20.Forthisquestion,assumethattheeconomyisinitiallyoperatingatthenaturallevelofoutput.Afiscalexpansionmustcause:A.anincreaseininvestmentinthemediumrunB.areductionininvestmentinthemediumrunC.nochangeininvestmentinthemediumrunD.noneoftheabove21.Forthisquestion,thePhillipscurveequationisrepresentedbythefollowingequation:tttu44.0%64..21.Giventh