The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 20

《The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 20》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter20TheISCurve20.1PlannedExpenditureandAggregateDemand1)Hisanalysisstartedwiththerecognitionthatthetotalquantitydemandedofaneconomy'soutputwasthesumoffourtypesofspending:consumerexpenditure,planne

2、dinvestmentspending,governmentspending,andnetexports.A)JohnMaynardKeynesB)SirJohnHicksC)MiltonFriedmanD)PaulA.SamuelsonAnswer:AAACSB:ReflectiveThinking2)Keynes'smotivationindevelopingtheaggregateoutputdeterminationmodelstemmedfromhisconcernwithexplainingA)th

3、ehyperinflationsofthe1920s.B)whytheGreatDepressionoccurred.C)thehighunemploymentinGreatBritainbeforeWorldWarI.D)thehighunemploymentinGreatBritainafterWorldWarII.Answer:BAACSB:ReflectiveThinking3)Keyneswasespeciallyinterestedinexplainingmovementsof________bec

4、ausehewantedtoexplainwhytheGreatDepressionhadoccurredandhowgovernmentpolicycouldbeusedtoincrease________inasimilareconomicsituation.A)aggregateoutput;wagesB)aggregateoutput;employmentC)wagerates;wagesD)wagerates;employmentAnswer:BAACSB:ReflectiveThinking4)Ke

5、yneswasespeciallyconcernedwithexplainingtheA)recessionof1920-21.B)lowlevelsofoutputandemploymentduringtheGreatDepression.C)strongeconomicgrowthofthe1920s.D)highunemploymentinGreatBritainduringthe1920s.Answer:BAACSB:ReflectiveThinking27Copyright©2016PearsonEd

6、ucation,Inc.5)Keyneswasespeciallyconcernedwithexplainingthe________levelofoutputandemploymentduringthe________.A)low;1920sB)low;1930sC)high;1920sD)high;1930sAnswer:BAACSB:ReflectiveThinking6)InthesimpleKeynesianmodel,equilibriumaggregateoutputisdeterminedbyA

7、)aggregatedemand.B)aggregatesupply.C)thenationaldemandforlabor.D)thepricelevel.Answer:AAACSB:ReflectiveThinking7)UnderKeynesiananalysis,aggregatedemandcanbewrittenasA)Yad=C+I+G+NX.B)Yad=C+I+G-NX.C)Yad=C-I-G-NX.D)Yad=C+I-G-NX.Answer:AAACSB:ReflectiveThinking2

8、0.2TheComponentsofAggregateDemand1)KeynesreasonedthatconsumerexpenditureismostcloselyrelatedtoA)thelevelofinterestrates.B)thepricelevel.C)disposableincome.D)themarginaltaxrate.Answer:CAACSB:Refl