曼昆经济学题库chapter16.doc

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1、Chapter11/MeasuringtheCostofLivingF321Chapter16MeasuringtheCostofLivingMULTIPLECHOICE1.BabeRuth,thefamousbaseballplayer,earned$80,000in1931.Today,thebestbaseballplayerscanearn200timesasmuchasBabeRuthin1931.However,priceshavealsorisensince1931.Wecanconcludethata.thebestbas

2、eballplayerstodayareabout200timesbetteroffthanBabeRuthwasin1931.b.becausepriceshavealsorisen,thestandardoflivingofbaseballstarshasn’tchangedsince1931.c.onecannotmakejudgmentsaboutchangesinthestandardoflivingbasedonchangesinpricesandchangesinincomes.d.onecannotdeterminewhe

3、therbaseballstarstodayenjoyahigherstandardoflivingthanBabeRuthdidin1931withoutadditionalinformationregardingincreasesinpricessince1931.ANSWER:d.onecannotdeterminewhetherbaseballstarstodayenjoyahigherstandardoflivingthanBabeRuthdidin1931withoutadditionalinformationregardin

4、gincreasesinpricessince1931.TYPE:MDIFFICULTY:1SECTION:11.02.Whentheconsumerpriceindexrises,thetypicalfamilya.hastospendmoredollarstomaintainthesamestandardofliving.b.canspendfewerdollarstomaintainthesamestandardofliving.c.findsthatitsstandardoflivingisnotaffected.d.canoff

5、settheeffectsofrisingpricesbysavingmore.ANSWER:a.hastospendmoredollarstomaintainthesamestandardofliving.TYPE:MDIFFICULTY:1SECTION:11.03.Theconsumerpriceindexisusedtoa.trackchangesinthelevelofwholesalepricesintheeconomy.b.monitorchangesinthecostofliving.c.monitorchangesint

6、helevelofrealGDP.d.trackchangesinthestockmarket.ANSWER:b.monitorchangesinthecostofliving.TYPE:MDIFFICULTY:1SECTION:11.04.Theterm“inflation”isusedtodescribeasituationinwhicha.theoveralllevelofpricesintheeconomyisincreasing.b.incomesintheeconomyareincreasing.c.stock-marketp

7、ricesarerising.d.theeconomyisgrowingrapidly.ANSWER:a.theoveralllevelofpricesintheeconomyisincreasing.TYPE:MDIFFICULTY:1SECTION:11.05.Whentheoveralllevelofpricesintheeconomyisincreasing,wesaythattheeconomyisexperiencinga.economicgrowth.b.inflation.c.unemployment.d.deflatio

8、n.ANSWER:b.inflation.TYPE:MDIFFICULTY:1SECTION:11.0Chapter11/MeasuringtheCostofLivingF3216.Thein