布兰查德宏观经济学课后答案

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1、Chapter11.a.True.b.True.c.False.d.True.e.False.f.False.2.a.1960-981997-99-------------------US3.1%3.8%EU3.1%2.5%Japan5.8%-1.0%WhiletheUSgrowthratehigherthanitslong-runaverageovertheperiod,thegrowthratehasslowedrelativetolong-runaveragesinboththeEUandJ

2、apanoverthelastfewyears.b.Sometimestheeconomyisgrowingquickly,othertimesitisgrowingslowlyorevencontracting.ThelastfewyearsofrapidgrowthintheUSdonotimplythatthelong-runaveragerateofgrowthhasincreasedbacktoitspre-1974level.3.a.Thedatainthewebpageare:Rea

3、lGrossDomesticProduct,RealFinalSalesofDomesticProduct,andRealGrossNationalProduct,Quarterly,1959-96[Percentchangefromprecedingquarter]--------------------------------------------------------GrossFinalsalesGrossdomesticofdomesticnationalproductproductp

4、roduct-------------------------------------------------------1959:I8.69.28.6II11.27.311.1III-0.35.3-0.2IV1.7-1.31.91996:I1.82.61.8II6.05.25.7III1.00.20.6IV4.34.54.9--------------------------------------------------------suggestingthatrecessionstypical

5、lylasttwo-threequartersandthatthemostsevererecessionsinthatperiodweretherecessionsof1974-75and1981-82.b.PercentageChangesin:OutputGrowthInflation1968:4.74.4I7.54.7II7.14.1III3.03.8IV1.85.51969:3.04.7I6.23.8II1.05.0III2.35.8IV-2.05.11970:0.15.3I-0.76.0

6、II0.65.7III3.73.4IV-3.95.41971:3.35.2I11.36.4II2.35.5III2.64.4IV1.13.3Ifhistorysimplyrepeatsitself,theUnitedStatesmighthaveashortrecession(lastingperhapsoneyear)accompaniedbyanaccelerationintherateofinflationbyaboutonepercentagepoint.4.a.Bankingservic

7、es,businessservices.b.Notonlyhastherelativedemandforskilledworkersincreasedbuttheindustrieswherethiseffectisthestrongestaremakingupagreaterfractionoftheeconomy.5.1.Lowunemploymentmightleadtoanincreaseininflation.2.Althoughmeasurementerrorcertainlycont

8、ributestothemeasuredslowdowningrowth,thereareotherissuestoconsideraswell,includingtheproductivityofnewresearchandaccumulationofnewcapital.3.Althoughlabormarketrigiditiesmaybeimportant,itisalsoimportanttoconsiderthattheserigiditiesmaynotbeexces