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ID:15602898
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页数:20页
时间:2018-08-04
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1、Chapter36/FiveDebatesOverMacroeconomicPolicyv1489Chapter36FiveDebatesOverMacroeconomicPolicyMultipleChoice1.Fluctuationsinemploymentandoutputresultfromchangesina.aggregatedemandonly.b.aggregatesupplyonly.c.aggregatedemandandaggregatesupply.d.neitheraggregatedemandnoraggregatesupply.ANS:CPT
2、S:1DIF:1REF:36-1TOP:AggregatedemandMSC:Applicative2.Inthefallof2005,consumersindicatedthattheywerelessoptimisticaboutthefutureoftheeconomy.Thischangeinsentimentwouldlikelya.shiftaggregatedemandleft.b.decreaseoutput.c.increaseunemployment.d.Alloftheabovearecorrect.ANS:DPTS:1DIF:1REF:36-1TOP
3、:StabilizationpolicyMSC:Analytical3.Ifaggregatedemandshiftsbecauseofawaveirrationalexuberance,thosewhofavorleanagainstthewindpolicywouldadvocatethea.federalreserveincreasethemoneysupplyorthegovernmentincreasetaxes.b.federalreserveincreasethemoneysupplyorthegovernmentdecreasetaxes.c.federal
4、reservedecreasethemoneysupplyorthegovernmentincreasetaxes.d.federalreservedecreasethemoneysupplyorthegovernmentdecreasetaxes.ANS:CPTS:1DIF:2REF:36-1TOP:StabilizationpolicyMSC:Analytical4."Leaningagainstthewind"isexemplifiedbyaa.taxcutwhenthereisarecession.b.decreaseinthemoneysupplywhenther
5、eisarecession.c.decreaseingovernmentexpenditureswhenthereisarecession.d.Alloftheabovearecorrect.ANS:APTS:1DIF:1REF:36-1TOP:StabilizationpolicyMSC:Analytical5."Leaningagainstthewind"isexemplifiedbyaa.taxincreasewhenthereisarecession.b.decreaseinthemoneysupplywhenthereisanexpansion.c.decreas
6、eingovernmentexpenditureswhenthereisarecession.d.Alloftheabovearecorrect.ANS:BPTS:1DIF:1REF:36-1TOP:StabilizationpolicyMSC:Interpretive6.PresidentGeorgeW.Bushandcongresscuttaxesandraisedgovernmentexpendituresin2003.Accordingtotheaggregatesupplyandaggregatedemandmodela.boththetaxcutandthein
7、creaseingovernmentexpenditureswouldtendtoincreaseoutput.b.onlythetaxcutwouldtendtoincreaseoutput.c.onlytheincreaseingovernmentexpenditureswouldtendtoincreaseoutput.d.neitherthetaxcutnortheincreaseingovernmentexpenditureswouldtendtoincreaseoutput.ANS:APTS:1DIF:
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