布兰查德《宏观经济学》第五版_课后答案

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1、CHAPTER1QuickCheck1.a.True.b.True.c.False.d.False/uncertain・Therateofgrowthwashigherduringthedecadebeginningin1996thanduringtheprevioustwodecades,butitisprobablyunrealistictoexpectproductivitytocontinuetogrowatsuchafastpace.e.False.Thereareproblemswiththestatistics,

2、buttheconsensusisthatgrowthinChinahasbeenhigh.f.False.TheEuropean"unemploymentmiracle^referstotherelativelylowEuropeanunemploymentrateinthe1960sandtheearly1970s.g.True.h.True.2.a.Moreflexiblelabormarketinstitutionsmayleadtolowerunemployment,buttherearcquestionsabout

3、howpreciselytorestructuretheseinstitutions.TheUnitedKingdomhasrestructureditslabormarketinstitutionstoresemblemorecloselyU.S.institutionsandnowhasalowerunemploymentratethanbeforetherestructuring.Ontheotherhand,DenmarkandtheNetherlandshaverelativelylowunemploymentrat

4、eswhilemaintainingrelativelygeneroussocialinsuranceprogramsforworkers・Inaddition,someeconomistsarguethattightmonetarypolicyhasatleastsomethingtodowiththehighunemploymentratesinEurope.b.AlthoughtheEurowillremoveobstaclestofreetradebetweenEuropeancountries,eachcountry

5、willbeforcedtogiveupitsownmonetaiypolicy.DigDeeper3・a.TheChinesegovernmenthasencouragedforeignfirmstoproduceinChina・SinceforeignfirmsaretypicallymoreproductivethanChinesefirms,thepresenceofforeignfirmshasleadtoanincreaseinChineseproductivity・TheChinesegovernmenthasa

6、lsoencouragedjointventuresbetweenforeignandChinesefirms.ThesejointventuresallowChinesefirmstoleamfrommoreproductiveforeignfirms.b.TherecentincreaseinU.S.productivitygrowthhasbeenaresultofthedevelopmentandwidespreaduseofinformationtechnologies.c.TheUnitedStatesisatec

7、hnologicalleader・MuchofU.S.productivitygrowthisrelatedtothedevelopmentofnewtechnologies.Chinaisinvolvedintechnologicalcatch-up.MuchofChineseproductivitygrowthisrelatedtoadoptingexistingtechnologiesdevelopedabroad・d.It'snotcleartowhatextentChinaprovidesamodelforother

8、developingcountries・Highinvestmentseemsagoodstrategyforcountrieswithlittlecapital,andencouragingforeignfirmstoproduce(andparticipateinjoin