10e_Test Bank_Chapter 34_Final

《10e_Test Bank_Chapter 34_Final》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、File:Chapter34InflationandthePhillipsCurveTrueorFalse[QUESTION]1.Assetpriceinflationoccurswhenthepricesofassetsrise.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:34-01Topic:DefiningInflationFeedback:Assetpriceinflationoccurswhenthepriceofassetsrisesbymorethani

2、tsrealvalue.[QUESTION]2.Thepricesofassetsareincludedinstandardmeasuresofinflation.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLO:LearningObjective:34-01Topic:DefiningInflationFeedback:Standardmeasuresofinflationfocusongoodsandservices,anddonotcountassetssuchasgold,orhouses,wh

3、ichmanypeopleholdasastoreofwealth.[QUESTION]3.It’sdifficulttomeasureassetinflationbecauseassetpricescanincreasewhenassetsbecomemoreproductive.Ans:TrueAACSB:ReflectiveThinkingBloom’s:UnderstandDifficulty:02MediumLearningObjective:34-01Topic:DefiningInflationFeedback:Onereasonassetpricesriseisthatth

4、eirproductivityhasrisen.Thisisnotinflation.[QUESTION]4.Inflationredistributesincomefrompeoplewhodonotraisetheirpricestopeoplewhodoraisetheirprices.Ans:TrueAACSB:ReflectiveThinkingBloom’s:UnderstandDifficulty:02MediumLearningObjective:34-02Topic:TheCostsandBenefitsofInflationFeedback:Anexampleisthe

5、lenderwholendsmoneybutthenexperiencesunexpectedinflation.Therateofreturnontheloanislowerthandesiredandtheborrowercanrepaytheloanwithdollarsthatareworthlessthanbefore.[QUESTION]5.Inflationhasbothbenefitsandcosts.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:34-0

6、2Topic:TheCostsandBenefitsofInflationFeedback:Seethetext.[QUESTION]6.Assetinflationtendstohurtthosewhosaveinriskyassets.Ans:FalseAACSB:ReflectiveThinkingBloom’s:UnderstandDifficulty:02MediumLearningObjective:34-02Topic:TheCostsandBenefitsofInflationFeedback:Peoplewhobetonrisingassetpricesarehelped

7、andthosewhodidnotarehurtduringassetpriceinflation.[QUESTION]7.Economistswhoacceptthequantitytheoryofmoneybelievethatinflationisalwaysandeverywhereamonetaryphenomenon.Ans:TrueAACSB:ReflectiveThinkingBloom’s:Rememb