The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 19

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter19QuantityTheory,InflationandtheDemandforMoney19.1QuantityTheoryofMoney1)ThequantitytheoryofmoneyisatheoryofhowA)themoneysupplyisdetermined.B)interestratesaredetermined.C)thenominalvalueofaggregateincomeisdetermined.D)therealv

2、alueofaggregateincomeisdetermined.Answer:CQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills2)Becausethequantitytheoryofmoneytellsushowmuchmoneyisheldforagivenamountofaggregateincome,itisalsoatheoryofA)interest-ratedetermination.B)thedemandformoney.C)exchange-ratedetermination.D

3、)thedemandforassets.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills3)TheaveragenumberoftimesthatadollarisspentinbuyingthetotalamountoffinalgoodsandservicesproducedduringagiventimeperiodisknownasA)grossnationalproduct.B)thespendingmultiplier.C)themoneymultiplier.D)velo

4、city.Answer:DQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills4)ThevelocityofmoneyisA)theaveragenumberoftimesthatadollarisspentinbuyingthetotalamountoffinalgoodsandservices.B)theratioofthemoneystocktohigh-poweredmoney.C)theratioofthemoneystocktointerestrates.D)theaveragenumbero

5、ftimesadollarisspentinbuyingfinancialassets.Answer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills27Copyright©2013PearsonEducation,Inc.5)Ifthemoneysupplyis$500andnominalincomeis$3,000,thevelocityofmoneyisA)1/60.B)1/6.C)6.D)60.Answer:CQuesStatus:PreviousEditionAACSB:Analytics

6、kills6)Ifthemoneysupplyis$600andnominalincomeis$3,000,thevelocityofmoneyisA)1/50.B)1/5.C)5.D)50.Answer:CQuesStatus:PreviousEditionAACSB:Analyticskills7)Ifthemoneysupplyis$500andnominalincomeis$4,000,thevelocityofmoneyisA)1/20.B)1/8.C)8.D)20.Answer:CQuesStatus:PreviousEditionAACSB:Anal

7、yticskills8)Ifthemoneysupplyis$600andnominalincomeis$3,600,thevelocityofmoneyisA)1/60.B)1/6.C)6.D)60.Answer:CQuesStatus:PreviousEditionAACSB:Analyticskills9)IfnominalGDPis$10trillion,andthemoneysupplyis$2trillion,velocityisA)0.2.B)5.C)10.D)20.Answer:BQuesStatus:PreviousEditionAACSB:An

8、alyti