课程名称︰经济学原理与实习下 课程性质︰ 课程教师︰张清溪 开课学院：社科院 开课系所︰经济系 考试日期（年月日）︰2013/5/20 考试时限（分钟）：65min 是否需发放奖励金：是 （如未明确表示，则不予发放） 试题 : 选择题33题每题3分 总分100分 1. Suppose that in a closed economy GDP is equal to 11,000 taxes are equal to 2,500, consumption equals 7,500 and government purchases equal 2,000. What are private saving \, and national saving? a. 1,500, 1,000 and 500, respectively b. 1,000, 5,00 and 1,500, respectively c. 500, 1,500, and 1,000, respectively d. None of the above is correct. Scenario 1. assume the following information for an imaginary, closed economy. GDP = $200,000; consumption = $120,000; government purchases = $35,000; and taxes = $25,000. 2. Refer to Scenario 1. Suppose, for this economy, the relationship between the real interest rate r, and investment I, is given by the equation I = 69,000 - 3,000r. (If, for example, r = 10, this means that the real interest rate is 10%.) The equilibrium real interest rate for this economy is a. 6 percent b. 7 percent c. 8 percent d. 9 percent 3. In a close economy, if Y remained the same, but G rose, T rose by the same amount as G, and C fell but by less than the increase in T, what would happen to private and national saving? a. national saving would fall and private saving would rise b. national saving would rise and private saving would fall c. both national saving and private saving would fall d. None of the above is correct. 4. Kathleen is considering expanding her dress shop. If interest rates rise she is a. less likely to expand. This illustrates why the supply of loanable funds slopes downward. b. more likely to expand. This illustrates why the supply of loanable funds slopes upward. c. less likely to expand. This illustrates why the demand of loanable funds slopes donward. d. more likely to expand. This illustrates why the demand of loanable funds slopes upward. 5. If there is surplus of loanable finds, then a. the supply for loanable funds shifts right and the demand shifts left. b. the supply for loanable finds shifts left and the demand shifts right. c. neither curve shifts, but the quantity of laonable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. d. neither curve shifts, but the quantity of loanable funds supplied decreases and the quantity demanded increases as the interest rate falls to equilibrium. 6. Suppose the gorverment were to replace the income tax with a consumption tax so that interest on savings was not taxed. The result would be that the intereset rates a, and investment both would increase. b. and investment both would decrease. c. would increase and investment would decrease. d. would decrease and investment would increase. 7. Suppose the government deficit increase, but the interest rate remains the same. Which of the following things might have happened simultaneously to keep interest rates the same? a. The government reduces the amount that people may put into savings accounts on which the interest is tax exempt. b. Because they are optimistic about the future of the economy, firms desire to borrow more to purchase physical capital. c. Consumers decide to decrease consumption and work more. d. All of the above could explaion why the interest rate would be unchanged. 8. Imagine that someone offers you $X today or $1,500 in 5 years. If the interest rate is 6 percent, then you would prefer to take the $X today if and only if a. X > 1,055.56 b. X > 1,120.89 c. X > 1,213.33 d. X > 1,338.26 9. In which of the following instances is the present value of the future payment the largest? a. You will receive $1,000 in 5 years and the annual interest rate is 5 percent. b. You will receive $1,000 in 10 years and the annual interest rate is 3 percent. c. You will receive $2,000 in 10 years and the annual interest rate is 10 percent. d. You will receive $2,400 in 15 years and the annual interest rate is 8 percent. 10. A manufacturing company is thinking about building a new factory. The factory, If built, will yeild the company $300 million in 7 years, and it would cose $220 million today to build. The company will decide to build the factory if the interest rate is a. no less than 4.53 percent. b. no greater than 4.53 percent. c. no less then 5.81 percent. d no greater than 5.81 percent. 11. Amanda talks with several different brokers at a social gathering. She hears the following advice form brokers A,B and C. Which broker, if any, gave her in correct advice? a. Broker A: "There are risks in holding stocks, even in a highly diversified portfolio." b. Broker B: "Portfolios with smaller standard deviations have lower risk." c. Broker C: "Stocks with greater risjs offer lower average returns." d. They all gave her correct advice. 12. Diversification reduces a. only market risk b. only firm-specific risk. c. neither market on firm-specific risk. d. both market and firm-specific risk. 13. According to the efficient market hypothesis, which of the following statements is not correct? a. Stock market prices tend to rise today if they rose yesterday. b. As judged by the typical persib in the market, all stocks are fairly valued all the time. c. At the market pricem the number of shares being offered for sale matches the number of shares people want to buy. d. All of the above statements are incorrect. 14. Which list ranks assets from most to least liquid? a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses 15. If people decide to hold more currency relative to deposits, the money supply a, falls, the Fed could lessen the impact of this by buying Treasury bonds. b. falls, the Fed could lessen the impact of this by selling Treasury bonds. c. rises, the Fed could lessen the impact of this by buying Treasury bonds. d. rises, the Fed could lessen the impact of this by sellig Treasury bonds. 16. Suppose banks decide to hold more excess reserves relative to deposits. Oter things the same, this action will cause the a. money supply to fall. To reduce the impact of this the Fed could sell Treasury bonds. b. money supply to fall. To reduce the impact of this the Fed could buy Treasury bonds. c. money supply to rise. To reduce the impact of this the Fed could sell Treasury bonds. d. money supply to rise. To reduce the impact of thise the Fed could buy Treasury bonds. 17. If P denotes the price of goods and services measured in terms of money, then a. 1/P represents the value of money measured in termms of goods and services. b. P can be regarded as the "overall price level." c. an increase in the value of money is associacted with a decrease in P. d. All of the above are correct. 18. The supply of money increase when a. the value if money increases. b. the interest rate increases. c. the Fed makes open-market purchases. d. None of the above is correct. 20. The price level falls. This might be because the Federal Reserve a. bought bonds which raised the money supply. b. bought bonds which reduced the money supply. c. sold bonds which raised the money supply. d, sold bonds which reduced the money supply. 21. If a country had a trade surplus of $50 billion and then its exports rose by $30 billion and its omprots rose by $20 billion, its net exports would now be a. $0 b. $20 billion c. $40 billion d. $60 billion 22. A U.S. firm buys apples from New Zealand with New Zealand dollars it got in exchange for U.S. dollars. New Zealand residents then use these dollars to purchase oranges from the U.S. Which of the following increases? a, New Zeland's net capital outflow and New Zeland's net exports b. only New Zeland's net exports c. only New Zeland's net capital outflow d. neither New Zeland's net exports nor New Zeland's capital outflow 23. If a country has negative net capital outflows, then its net exports are a. positive and its saving is larger than its domestic investment. b. positive and its saving is smaller than its domestic investment. c, negative and its saving is larger than its domestic investment. d. negative and its saving is smaller than its domestic investment. 24. Gabrielle, an Italian citizen, uses some previously obtained dollars to purchase a bond issued by a U.S. company. This transaction a. decrease U.S. net capital outflow. b. does not change U.S. net capital outflow. c. increase U.S. net capital outflow by more than the value of the bond. d. increase U.S. net capital outflow by the value of the bond. 25. If Thailand has a trade surplus, them a. foreign countries purchase more Thai assets than Thailand purchases from them. This makes Thai saving greater than Thai domestic investment. b. foreign countries purchase more Thai assets than Thailand purchases from them. This makes Thai saving smaller than Thai domestic investment. c. foreign countries purchase fewer Thai assets than Thailand purchases from them. This makes Thai saving greater than Thai domestic investmeny. d. foreign countries purchase fewer Thai assets than Thailand purchases from them This makes Thai saving smaller than Thai domestic investmeny. 26. If the price of a good in the U.S. is $10 and the unit of foreign currency is the stone, in which case is the real exchange rate 4/5? a. the foreign price is 4 stones and the exchange rate is 2 stone per dollar b. the foreign price is 5 stones and the exchange rate is 2.5 stone per dollar c. the foreign price is 4 stones and the exchange rate is 1/2 stone per dollar d. the foreign price is 5 stones and the exchange rate is 2/5 stone per dollar 27. Suppose the real exchange rate is 0.8 puonds of bananas in Guatemala per pound of bananas in the U.S. If a pound of bananas in the U.S. costs $0.5, and the exchange rate is 8 Guatemala Quetzals per dollar, what is the price of bananas in Guatemala? a. 3.2 Quetzals per pound b. 4.0 Quetzals per pound c. 5.0 Quetzals per pound d. 6.4 Quetzals per pound 28. If the exchange rate is 70 Bangladesh taka per dollar and a bushel of rice costs 200 taka in Bangkadesh and $3 in the U.S. then the real exchange rate is a. greater then one and arbitrageurs could profit by buying rice in the U.S. and selling it in Bangladesh b. greater then one and arbitrageurs could profit by buying rice in Bangladesh and selling it in the U.S. c. less then one and arbitrageurs could profit by buying rice in the U.S. and selling it in Bangladesh d. less then one and arbitrageurs could progit by buying rice in Bangladesh and selling it in the U.S. 29. If at a given real interest rate desired national saving were $50 billion, domestic investment were $40 billionm and net capital outflow were $20 billion then at that real interest rate in the loanable funds market there would be a a. surplus. The real interest rate would rise. b. surplus. The real interest rate would fall. c. shortage. The real interest rate would rise. d, shortage. The real interest rate would fall. 30. If the exchange rate rises, which of the following falls in the open-econimy macroeconomic model? a. desired net exports and desired net capital outflow b. desired net exports but not desired net capital outflow c. desired net capital outflow but desired not net exports d. neither desired net exports nor desired net capital outflow 31. An increase in the budget deficit a. reduces net capital outflow and domestic investment b. reduces net capital outflow and raises domestic investment c. raises net capital outflow and reduces domestic investment d. raises net capital outflow and domestic investment 32. From 1980 to 1987, U.S. net capital iutflows decreased. According to the open-economy macroeconomic model, which of the following could have caused this? a. an increase in the demand for U.S. currency in the market for foreign-currency exchange b. a decrease in the demand for U.S. currency in the market for foreign-currency exchange c. an increase in the supply of loanable funds d. a decrease in the supply of loanable funds 33. During the financial crisis it was proposed that firms be provided with a tax credit for investmeny projects. Such a tax credit would a. raise both the interest rate and the real exchange rate. b. raise the interest rate and reduce the real exchange rate. c. reduce the interest rate and raise the real exchange rate. d. reduce both the interest rate and the real exchange rate. --

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