Money Banking and the Financial System 3E - Hubbard - TB chapter 17

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1、Money,Banking,andtheFinancialSystem,3e(Hubbard/O'Brien)Chapter17MonetaryTheoryI:TheAggregateDemandandAggregateSupplyModel17.1TheAggregateDemandCurve1)WhichofthefollowingisNOTincludedinaggregatedemand?A)demandforgoodsandservicesforconsumptionB)investmen

2、tinbusinessplantandequipmentC)netexportsD)investmentinTreasurybondsAnswer:DDiff:1PageRef:582Topic:aggregatedemandObjective:Explainhowtheaggregatedemandcurveisderived*:RecurringAACSB:ReflectiveThinking2)Whichofthefollowingexpressionsiscorrect?A)AE=C+I+G

3、-NXB)AE=C+I+G+NXC)AE=C+I+(G-T)+NXD)AE=C+I+(G-T)-NXAnswer:BDiff:1PageRef:582Topic:aggregatedemandObjective:Explainhowtheaggregatedemandcurveisderived*:RecurringAACSB:ReflectiveThinking3)TheaggregatedemandcurveillustratestherelationshipbetweenA)theaggreg

4、ateexpenditureforgoodsandservices,andtherealinterestrate.B)theaggregateexpenditureforgoodsandservices,andthelevelofcurrentoutput.C)thelevelofcurrentoutputandtherealinterestrate.D)theaggregateexpenditureforgoodsandservices,andthepricelevel.Answer:DDiff:

5、1PageRef:582Topic:aggregatedemandObjective:Explainhowtheaggregatedemandcurveisderived*:RecurringAACSB:ReflectiveThinking34Copyright©2018PearsonEducation,Inc.4)ThebestexplanationofwhytheaggregatedemandcurvehasanegativeslopeisthatA)atahigherpricelevelhou

6、seholdscutbackontheirspendingongoodsandservices.B)atahigherpricelevelbusinessfirmswishtoproducemoregoodsandservices.C)ahigherpricelevelresultsinlowerrealmoneybalancesandahigherrealinterestrate.D)ahigherpricelevelresultsinlessgovernmentspendingontransfe

7、rs,suchasunemploymentinsuranceandsocialsecuritypayments.Answer:CDiff:2PageRef:583Topic:aggregatedemandObjective:Explainhowtheaggregatedemandcurveisderived*:RecurringAACSB:ReflectiveThinking5)Ariseintherealinterestratewillcausewhichofthecomponentsofaggr

8、egatedemandtodecline?A)onlyCB)onlyCandIC)onlyC,I,andNXD)C,I,G,andNXAnswer:CDiff:2PageRef:583-584Topic:aggregatedemandObjective:Explainhowtheaggregatedemandcurveisderived*:RecurringAACSB:ReflectiveThinking6)Everythingelsebeingconstant,al