宏观经济学考试试卷(全英文)-(1)

1长江大学试卷院（系、部）专业班级姓名序号…………….…………………………….密………………………………………封………………..…………………..线……………………………………..2013─2014学年第2学期《宏观经济学Macroeconomics》课程考试卷专业：会计年级：一考试方式：开卷学分：2考试时间：110分钟PartⅠInterpretationofTerms(4terms,5pointsforeach,20pointsinall)1.GDP:2.IScurve:3.Openmarketoperation:4.LiquiditytrapPartⅡSingleChoice（10questions，2pointsforeach,20pointsinall）1.Onepartoftheinvestmentexpenditureofthefirmsistobuynewcapitalgoodsandmachineryforproduction.Itiscalled()(a)depreciation;(b)consumption;(c)netinvestment;(d)export2.Theoverallsupplyofmoneyisequaltocentralbankmoneytimesthe()(a)investmentmultiplier.(b)taxmultiplier.(c)governmentspendingmultiplier.(d)moneymultiplier.3.InTheGeneralTheory,Keynesconjecturedthataveragepropensitytoconsume(APC)fallsas()rises.(a)investment;(b)consumption;(c)income;(d)output4.Theconsumptionfunctioncapturesthebehaviorof()(a)consumers;(b)firms;(c)government;(d)foreignsector5.Ifweknowthemarginalpropensitytosavingis0.3,thenitmeansthemarginalpropensitytoconsumeis()(a)0.6;(b)0.7;(c)0.8;(d)0.96.Ifthegovernmentraisesspending,theLMcurvewill()(a)shifttotheleft.(b)shifttotheright.(c)notchange.(d)notbecertain.题号一二三四五六七总分阅卷人得分得分得分27.Thefollowingsarethecontentsofmacroeconomicsexcluding().(a)Measuringthesizeoftheeconomy.(b)IS-LMmodel.(c)Costtheory.(d)thetheoryofnationalincomedetermination.8.ThevalueofrealGDPisbasedonthepricesofthe()year.(a)base(b)current(c)baseorcurrent(d)last9.AccordingtotheKeynesianCross,nationalincomeisdeterminedby()(a)pricelevel.(b)supply.(c)demand.(d)aboveall.10.WhentheLMcurveis(),monetarypolicyfailsinaffectinterestrateandthenoutput.(a)upward.(b)vertical.(c)downward.(d)horizontal.PartⅢIdentifythetrueorfalsequestions（10questions，1pointforeach,10pointsinall）1.Ataxcuthasdirectimpactonspending.()2.Whenexportsislargerthanimports,wesaytheforeigntradeisbalance.（）3.InKeynesianCross,thegovernmentspendingandinvestmentarefixed.()4.Asimultaneousincreaseingovernmentspendingby$1andlump-sumtaxesby$1willincreaseaequilibriumincomeby$1.()5.IfT(tax)G(governmentspending),thegovernmentisrunningabudgetdeficit.()6.Capitalisgreatlydeterminedbyinvestment.()7.AhighernominalGDPofanationmeansthatthestandardoflivingisbetter.()8.Privatesavingissavingbygovernment.()9.Nationalincomeisameasureofthetotalflowofearningsofthefactor-ownersthroughtheproductionofgoods&services.()10.Investmentistheexpenditurethatallthefirmsbuildplants,buyequipmentsandholdthestocks.()PartⅣAnalysis（3questions，7pointsforeach,21pointsinall）1.PleaseanalyzethefactorsthatinfluencetheslopeofLMcurve得分得分32.PleasetellussomeusesofNationalIncomeStatistics.3.Ifinvestmentisentirelyunresponsivetotheinterestrate(I=e--dr,d=0),whatistheeffectoffiscalpolicy?Graphically.PartⅤCalculation（3questions，9pointsforquestion1,10pointsforquestion2and3,29pointsinall）1.Letusassumethatacountryproducedsuchproductsasthefollowing,pleasecalculatetherealandnominalGDPintheyearof2010and2011.Thebaseyearis2010.AndtellustheGDPdeflatoroftheyear2010,and2011.20102011priceQuantity(million)priceQuantity(million)T-shirt8050090600Watch1706019090Soft-drink6300055000得分42.Assumethatinatwo-sectoreconomytheconsumptionfunctionisC=3000+0.8Y,andinvestmentI=1000,pleasetellustheequilibriumincomeandtheinvestmentmultiplier.3.AssumethattheconsumptionfunctionisC=100+0.8(Y-T),andtheinvestmentfunctionisI=300-20r,andthegovernmentpurchaseG=400,T=400,themoneydemandfunctionisL=Md/P=0.5Y-50r,therealmoneysupply(ms)is1000.1)PleasecalculatetheLMcurveandIScurve.2)Pleasetellustheequilibriumincomeandinterestrate.