完整版中级宏观经济学付费版题库13重访开放经济蒙代尔弗莱明模型与汇率制度.docx
- 文档编号:15269687
- 上传时间:2023-07-03
- 格式:DOCX
- 页数:50
- 大小:319.92KB
完整版中级宏观经济学付费版题库13重访开放经济蒙代尔弗莱明模型与汇率制度.docx
《完整版中级宏观经济学付费版题库13重访开放经济蒙代尔弗莱明模型与汇率制度.docx》由会员分享,可在线阅读,更多相关《完整版中级宏观经济学付费版题库13重访开放经济蒙代尔弗莱明模型与汇率制度.docx(50页珍藏版)》请在冰点文库上搜索。
完整版中级宏观经济学付费版题库13重访开放经济蒙代尔弗莱明模型与汇率制度
Name:
Date:
1.Comparedtoaclosedeconomy,anopeneconomyisonethat:
A)
allowstheexchangeratetofloat.
B)
fixestheexchangerate.
C)
tradeswithothercountries.
D)
doesnottradewithothercountries.
2.TheMundell-Flemingmodelassumesthat:
A)pricesareflexible,whereastheIS-_Mmodelassumesthatpricesarefixed.
B)pricesarefixed,whereastheIS-_Mmodelassumesthatpricesareflexible.
C)asintheIS-_Mmodel,pricesarefixed.
D)asintheIS-_Mmodel,pricesareflexible.
3.TheMundell-Flemingmodelisa___
___modelfora___
___openeconomy
A)
short-run;small
B)
short-run;large
C)
long-run;large
D)
long-run;small
4.IntheMundell-Flemingmodel:
A)theexchangeratesystemmusthaveafloatingexchangerate.
B)theexchangeratesystemmusthaveafixedexchangerate.
C)itmakesnodifferencewhethertheexchangeratesystemhasafloatingorafixedexchangerate.
D)thebehavioroftheeconomydependsonwhethertheexchangeratesystemhasafloatingorfixedexchangerate.
5.IntheMundell-Flemingmodel,thedomesticinterestrateisdeterminedbythe:
A)intersectionofthe_MandIScurves.
B)domesticrateofinflation.
C)worldrateofinflation.
D)worldinterestrate.
6.Inasmallopeneconomywithperfectcapitalmobility,ifthedomesticinterestrateweretoriseabovetheworldinterestrate,thenwoulddrivethedomesticinterestratebacktothelevelof
theworldinterestrate.
A)capitalinflow
B)capitaloutflow
C)thecentralbank
D)adeclineindomesticsaving
7.Assumingthereisperfectcapitalmobility,comparedtoalargeopeneconomy,asmallopeneconomyisoneinwhichthe:
A)exchangerateisfixed.
B)exchangerateisfloating.
C)domesticinterestrateequalstheworldinterestrate.
D)domesticinterestrateisnotequaltotheworldinterestrate.
8.Inasmallopeneconomyadecreaseintheexchangeratewillnetexportsandshiftthe
curve.
A)
increase;IS
B)
decrease;IS
C)
increase;LM
D)
decrease;LM
9.Ifshort-runequilibriumintheMundell-FlemingmodelisrepresentedbyagraphwithYalongthe
horizontalaxisandtheexchangeratealongtheverticalaxis,thentheIS*curve:
A)slopesdownwardandtotherightbecausethehighertheexchangerate,thelowerthelevelofnetexportsand,therefore,ofshort-runequilibriumincomeinthegoodsmarket.
B)isverticalbecausethereisonlyoneinvestmentlevelthatisconsistentwiththeworldinterestrate.
C)isverticalbecausetheexchangeratedoesnotenterintotheIS*equation.
D)slopesdownwardandtotherightbecausethehighertheexchangerate,thehigherthelevelofnetexportsand,therefore,ofshort-runequilibriumincomeinthegoodsmarket.
10.IntheMundell-FlemingmodelonaY-egraph,thecurveslabeledIS*andLM*arelabeledthatwayasareminderthat:
A)thepricelevelisheldconstantattheworldpricelevelp*.
B)theinterestrateisheldconstantattheworldinterestrater*.
C)theexchangerateisheldconstantattheworldexchangeratee*.
D)outputisheldconstantatthefullemploymentlevel.
11.Ifshort-runequilibriumintheMundell-FlemingmodelisrepresentedbyagraphwithYalongthehorizontalaxisandtheexchangeratealongtheverticalaxis,thentheLM*curve:
A)slopesupwardandtotherightbecauseatahigherincomeahigherinterestrateisneededtoincreasevelocity.
B)isverticalbecausemonetaryvelocityisindependentoftheinterestrate.
*
C)isverticalbecausetheexchangeratedoesnotenterintotheLM*equation.
D)slopesupwardandtotherightbecauseahigherexchangerateleadstoahigherincome.
12.IntheMundell-Flemingmodel,theexogenousvariablesarethe:
A)worldinterestrate,thepricelevel,andtheexchangerate.
B)levelofgovernmentspending,taxes,andincome.
C)exchangerateandlevelofincome.
D)pricelevel,worldinterestrate,monetarypolicy,andfiscalpolicy.
13.TheintersectionoftheIS*andLM*curvesshowstheandtheatwhichboththe
goodsmarketandthemoneymarketareinequilibrium.
A)interestrate;pricelevel
B)pricelevel;exchangerate
C)levelofoutput;exchangerate
D)levelofoutput;pricelevel
14.Underafloatingsystem,theexchangerate:
A)fluctuatesinresponsetochangingeconomicconditions.
B)ismaintainedatapredeterminedlevelbythecentralbank.
C)ischangedatregularintervalsbythecentralbank.
D)fluctuatesinresponsetochangesinthepriceofgold.
15.Inasmallopeneconomywithafloatingexchangerate,aneffectivepolicytoincreaseequilibriumoutputisto:
A)increasegovernmentspending.
B)increasetaxes.
C)increasethemoneysupply.
D)decreasethemoneysupply.
16.Inasmallopeneconomywithafloatingexchangerate,aneffectivepolicytodecreaseequilibriumoutputisto:
A)decreasegovernmentspending.
B)decreasetaxes.
C)increasethemoneysupply.
D)decreasethemoneysupply.
17.Inasmallopeneconomywithafloatingexchangerate,theexchangeratewillappreciateif:
A)themoneysupplyisincreased.
B)themoneysupplyisdecreased.
C)governmentspendingisdecreased.
D)taxesareincreased.
18.Inasmallopeneconomywithafloatingexchangerate,theexchangeratewilldepreciateif:
A)themoneysupplyisdecreased.
B)importquotasareimposed.
C)governmentspendingisincreased.
D)taxesaredecreased.
19.Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentadoptsanexpansionaryfiscalpolicy,inthenewshort-runequilibrium:
A)incomeandtheexchangeratewillbothrise.
B)theexchangeratewillrise,butincomewillremainunchanged.
C)incomewillrise,buttheexchangeratewillremainunchanged.
D)bothincomeandtheinterestratewillrise.
20.Inasmallopeneconomywithafloatingexchangerate,ariseingovernmentspendinginthenewshort-runequilibrium:
A)chokesoffinvestment,butnotbyasmuchasthenewgovernmentspending.
B)chokesoffanamountofinvestmentjustequaltothenewgovernmentspending.
C)attractsforeigncapital,thusraisingtheexchangerateandreducingnetexports,butnotbyasmuchasthenewgovernmentspending.
D)attractsforeigncapital,thusraisingtheexchangerateandreducingnetexportsbyanamountjustequaltothenewgovernmentspending.
21.Inasmallopeneconomywithafloatingexchangerate,thesupplyofrealmoneybalancesisfixedandariseingovernmentspending:
A)raisestheinterestrate,sothatincomemustrisetomaintainequilibriuminthemoneymarket.
B)raisestheinterestratesothatnetexportsmustfalltomaintainequilibriuminthegoodsmarket.
C)cannotchangetheinterestratesothatnetexportsmustfalltomaintainequilibriuminthegoodsmarket.
D)cannotchangetheinterestratesoincomemustrisetomaintainequilibriuminthemoneymarket.
Usethefollowingtoanswerquestions22-23:
Exhibit:
IS*-LM*
22.(Exhibit:
IS*-LM*)AsmallopeneconomywithafloatingexchangerateisinitiallyatequilibriumAwithIS*1,LM*1,equilibriumexchangeratee2,andequilibriumoutputY1.IfthereisanincreaseingovernmentspendingtoIS*2,thenewequilibriumwillbeat,holdingeverythingelseconstant.
A)A
B)B
C)C
D)D
23.(Exhibit:
IS*-_M*)AsmallopeneconomywithafloatingexchangerateisinitiallyatequilibriumA
**
withIS1*,_M1*,equilibriumexchangeratee2,andequilibriumoutputY1.Ifthereisamonetary
*
expansionto_M2,thenewequilibriumwillbeat,holdingeverythingelseconstant.
A)A
B)B
C)C
D)D
24.Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentdecreasesthemoneysupply,theninthenewshort-runequilibrium:
A)incomefallsandtheexchangeraterises.
B)theexchangeratefallsandincomerises.
C)incomeremainsunchangedbuttheexchangeraterises.
D)theexchangerateremainsunchangedbutincomefalls.
25.Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentincreasesthemoneysupply,theninthenewshort-runequilibriumthe:
A)interestratefallsandthelevelofinvestmentrises.
B)exchangeratefallsandnetexportsincrease.
C)interestratefallsbutthelevelofinvestmentdoesnotrise.
D)exchangeratefallsbutnetexportsdonotincrease.
26.AccordingtotheMundell-Flemingmodelforasmallopeneconomywithflexibleexchangerates,iftheFederalReservecannotalterdomesticinterestrates,changesinthemoneysupplycouldstillinfluenceaggregateincomethroughchangesinthe:
A)exchangerate.
B)pricelevel.
C)levelofgovernmentspending.
D)taxrates.
27.Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentimposesanimportquota,theninthenewshort-runequilibriumtheIS*curveshiftstotheright,raisingtheexchangerate:
A)butnotraisingnetexportsorincome.
B)andnetexportsbutnotincome.
C)andincomebutnotnetexports.
D)netexportsandincome.
28.Inasmallopeneconomywithafloatingexchangerate,ifthegovernmentimposesatariffonforeigngoods,theninthenewshort-runequilibrium:
A)importswilldecreasewhileexportsremainconstant,leadingtoariseinnetexports.
B)importswilldecreaseandexportswillincrease,leadingtoariseinnetexports.
C)importswilldecreaseandexportswilldecreasebyanequalamount.
D)bothimportsandexportswillremainunchanged.
Usethefollowingtoanswerquestions29-30:
29.(Exhibit:
ShiftingIS*andLM*)Asmallopeneconomywithafloatingexchangerateisinitiallyin
**
equilibriumatAwithIS|,LM1.Holdingallelseconstant,ifthegovernmentimposesatariffon
curvewillshiftto
importsinordertoprotectdomesticjobs,thenthe
B)
LM1*;LM
LM1*;
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 完整版 中级 宏观经济学 付费 题库 13 重访 开放 经济 蒙代尔弗莱明 模型 汇率 制度