Money Banking and the Financial System 3E - Hubbard - TB chapter 15

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1、Money,Banking,andtheFinancialSystem,3e(Hubbard/O'Brien)Chapter15MonetaryPolicy15.1TheGoalsofMonetaryPolicy1)WhichofthefollowingisNOTconsideredtobeagoalofmonetarypolicy?A)fairwagesB)highemploymentC)economicgrowthD)pricestabilityAnswer:ADiff:1PageRef:496Topic:goalsof

2、monetarypolicyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking2)Whichofthefollowingisconsideredtobeagoalofmonetarypolicy?A)alowfederalbudgetdeficitB)fairwagesC)pricestabilityD)anendtopovertyAnswer:CDiff:1PageRef:496Topic:goalsofmonetary

3、policyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking3)InflationisaneconomicproblembecauseitA)leadsinevitablytounemployment.B)makespriceslessusefulassignalsforresourceallocation.C)leadstorecession.D)resultsinrapidincreasesinthemoneysup

4、ply.Answer:BDiff:2PageRef:497Topic:goalsofmonetarypolicyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking47Copyright©2018PearsonEducation,Inc.4)AllofthefollowingareassociatedwithrisinginflationEXCEPTA)incomeredistribution.B)asteadydecrea

5、seininterestrates.C)firmshesitatingtoenterintolong-termcontractswithsuppliers.D)familieshavingtroubledecidinghowmuchtosaveforretirement.Answer:BDiff:2PageRef:496Topic:goalsofmonetarypolicyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking

6、5)RatesofinflationinthehundredsorthousandsofpercentperyearareknownasA)superinflation.B)megainflation.C)hyperinflation.D)overinflation.Answer:CDiff:1PageRef:496Topic:goalsofmonetarypolicyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking6)

7、Whichofthefollowingcountriesexperiencedhyperinflationduringthe1920s?A)TheUnitedStatesB)CanadaC)GermanyD)EnglandAnswer:CDiff:1PageRef:497Topic:goalsofmonetarypolicyObjective:Describethegoalsofmonetarypolicy*:RecurringAACSB:ReflectiveThinking7)TheEmploymentActof1946c

8、odifiedthefederalgovernment'scommitmenttoA)promotehighemploymentconsistentwithpricestability.B)promotehighemploymentirrespectiveoftheeffectsonpri