宏观经济学习题2

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1、IntermediateMacroeconomics,ClassNo.1Spring2012Homework2DueApr.22012Multiplechoicequestions(2pointseach)1.Anincreaseinthetradedeficitofasmallopeneconomycouldbetheresultof:A)anincreaseintaxes.B)anincreaseingovernmentspending.C)adecreaseintheworldinterestrate.D)theexpi

2、rationofaninvestmenttax-creditprovision.2.Ifnetcapitaloutflowispositive,then:A)exportsmustbepositive.B)exportsmustbenegative.C)thetradebalancemustbepositive.D)thetradebalancemustbenegative.3.Whenexportsexceedimports,allofthefollowingaretrueexcept:A)netcapitaloutflow

3、sarepositive.B)netexportsarepositive.C)domesticinvestmentexceedsdomesticsaving.D)domesticoutputexceedsspending.4.Inasmallopeneconomy,ifdomesticsavingexceedsdomesticinvestment,thentheextrasavingwillbeusedto:A)makeloanstothegovernment.B)makeloanstoforeigners.C)repayth

4、enationaldebt.D)repayloanstotheFederalReserve.5.Asmalleconomyisoneinwhichthe:A)levelofoutputisfixed.B)pricelevelisfixed.C)domesticinterestrateequalstheworldinterestrate.D)domesticsavingislessthandomesticinvestment.6.Acountry'sexportsmaybewrittenasequalto:A)GDPminusc

5、onsumptionminusinvestmentminusgovernmentspending.B)GDPminusconsumptionofdomesticgoodsandservicesminusinvestmentofdomesticgoodsandservicesminusgovernmentpurchasesofdomesticgoodsandservices.C)imports.D)GDPminusimports.Page17.Therealexchangerate:A)measureshowmanyJapane

6、seyenonereallygetsforaU.S.dollar.B)isequaltothenominalexchangeratemultipliedbythedomesticpriceleveldividedbytheforeignpricelevel.C)isequaltothenominalexchangeratemultipliedbytheforeignpriceleveldividedbythedomesticpricelevel.D)thepriceofadomesticcardividedbytheprice

7、ofaforeigncar.8.ThenominalexchangeratebetweentheU.S.dollarandtheJapaneseyenisthe:A)numberofyenyoucangetforlendingonedollarinJapanforoneyear.B)numberofyenyoucangetforonedollar.C)priceofU.S.goodsdividedbythepriceofJapanesegoods.D)priceofJapanesegoodsdividedbythepriceo

8、fU.S.goods.9.Inasmallopeneconomy,policiesthatincrease:A)investmenttendtocauseatradesurplus.B)investmenttendtocauseatradedeficit.C)savingdo