金融英语-金融英语中级经济学模拟2

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1、金融英语中级经济学模拟2SECTIONONEQuestion1Answerallquestions・Readthefollowingstatementsandchoosethebestanswerbywritingthealphabeticalletterontheanswersheets・Ifamarketisinequilibrium・a.buyersandsellerscanbuyandsellalltheywishatthecurrentprice.b•thereisnotendencyforthepricetoris

2、eorfall.c.thequantitysuppliedequalsthequantitydemanded.deAlloftheabovearecorrect.2Ifthemarginalrateoftechnologicalsubstitution(MRTS)ismorethanthepriceratiooflaborovercapital(w/r),thentominimizecostthefirmshouldtheinputofcapitalandtheinputoflabor.a•increase,decreaseb

3、•decrease,increasec•decrease,decreased•increase,increase3TomcannottellthedifferencebetweenCokeandPepsi.ForTom,thesegoodsare.a.perfectsubstitutes•b•perfectcomplements.c.necessities.d.Noneoftheabove.4、IfthedemandforCDsismoreelasticthanthesupply,a$3-taxperCDwillincreas

4、etheconsumerpriceby・a.$3.b.morethan$1.50,butlessthan$3.c.$1.50.d•lessthan$1.50.5、Ifthepriceofagoodchanges,boththesubstitutioneffectandtheincomeeffectreinforceeachother,thenthegoodisa(n)•a.normalgood・b.inferiorgood.c•Giffengood・d.Noneoftheabove•6、Supposetheeconomyisr

5、unningatthelevelofpotentialGDP,anincreaseingovernmentspendinginthelongrunwillthepricelevelandtheoutputlevel.a•increase,notchangeb.increase,increasec•increase,decreased.decrease,increasedebt•debt•7、Theexpansionaryfiscalpolicyhasa•lessenedb•lessenedc.worsenedd•lessene

6、dtheeconomicrecessionbutincreasedthegovernmenttheeconomicrecessionanddecreasedthegovernmentinflationbutdecreasedthegovernmentdebt•inflationbutincreasedthegovernmentdebt•8、Thepossiblereasonforcommercialbankstoholdexcessreservesisa.theyhaveattractedtoomanydeposits.b.t

7、heycouldnotfindenoughsuitableborrowers.c.theyhaveborrowedtoomuchfromthecentralbank.d.Alloftheabove•Open-marketoperationsreferto•a.loansfromcommercialbankstocorporationsandconsumers.b•inter-bankloans.c•changesininterestratescausedbythechangesincommercialbankloans.deb

8、uyingandsellinggovernmenta1securitiesbythecentralbank.10、Apersonwhoiswaitingforthereturntoworkbelongstoa.theemployed•b•theunemployed•c.non