The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 26

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter26WebChapter:TheISLMModel26.1Keynes'FixedPriceLevelAssumptionandtheISCurve1)BecauseinflationwasnotaseriousproblemduringtheGreatDepression,Keynes'sanalysisassumedA)thatunemploymentalsowasnotaproblem.B)thatt

2、hemoneysupplywasfixed.C)thatthepricelevelwasfixed.D)thatmonetarypolicyisnoteffective.Answer:CQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills26.2TheLMCurve1)ThemoneymarketisinequilibriumA)atanypointontheIScurve.B)atanypointontheLMcurve.C)atonlyonepointonth

3、eLMcurve.D)onlyattheintersectionoftheISandLMcurves.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills2)The________describesthecombinationsofinterestratesandaggregateoutputforwhichthequantityofmoneydemandedequalsthequantityofmoneysupplied.A)IScurveB)L

4、McurveC)consumptionfunctionD)investmentscheduleAnswer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills3)IntheKeynesianmodelthequantityofmoneydemandedis________relatedtoincomeand________relatedtotheinterestrate.A)positively;positivelyB)positively;negativel

5、yC)negatively;negativelyD)negatively;positivelyAnswer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills23Copyright©2013PearsonEducation,Inc.4)Accordingtotheliquiditypreferencetheory,thedemandformoneyis________relatedtoaggregateoutputand________relatedtoint

6、erestrates.A)negatively;negativelyB)negatively;positivelyC)positively;negativelyD)positively;positivelyAnswer:CQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills5)Asinterestratesrise,theopportunitycostofholdingmoney________andthedemandformoney________.A)rise

7、s;risesB)rises;fallsC)falls;risesD)falls;fallsAnswer:BQuesStatus:PreviousEditionAACSB:Analyticskills6)Asaggregateoutputrises,thedemandformoney________andtheinterestrate________,sothatmoneydemandedequalsmoneysuppliedandthemoneymarketisinequilibrium.A)increases;rise

8、sB)increases;fallsC)decreases;risesD)decreases;fallsAnswer:AQuesStatus:PreviousEditionAACSB:Analyticskills7)Everythingelseheldconstant,ifaggregateoutput