布兰查德宏观经济学课后答桉.docx

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1、Chapter11.a.True.b.True.c.False,d.True.e.False,f.False.、a.1960-981997-99us3」％3.8%EU3」％2.5%Japan5.8%-1.0%WhiletheUSgrowthratehigherthanitslong-runaverageovertheperiod,thegrowthratehasslowedrelativetolong-runaveragesinboththeEUandJapanoverthelastfewyears.b.Sometimestheeconomyisgrowingquickly,othertim

2、esitisgrowingslowlyorevencontracting.ThelastfewyearsofrapidgrowthintheUSdonotimplythatthelong-runaveragerateofgrowthhasincreasedbacktoitspre-1974level・3.a.Thedatainthewebpageare:RealGrossDomesticProduct,RealFinalSalesofDomesticProduct,andRealGrossNationalProduct,Quarterly,1959-96[Percentchangefromp

3、recedingquarter]GrossdomesticproductFinalsalesofdomesticproductGrossnationalproduct1959:I8.69.28.6II11.27.311.1III-0.35.3-0.2IV1.7-1.31.91996:I1.82.61.8II6.05.25.7III1.00.20.6IV4.34.54.9suggestingthatrecessionstypicallylasttwo-threequartersandthatthemostsevererecessionsinthatperiodweretherecessions

4、of1974-75and1981-82.b.PercentageChangesin:OutputGrowthInflation1968:4.74.4I7.54.7II7」4.1III3.03.8IV1.85.51969:3.04.716.23.8II1.05.0III2.35.8IV-2.05」1970:0」5.3I-0.76.0110.65.7III3.73.4IV-3.95.41971:3.35.2I11.36.4II2.35.5III2.64.4IV1.13.3Ifhistorysimplyrepeatsitself,theUnitedStatesmighthaveashortrece

5、ssion(lastingperhapsoneyear)accompaniedbyanaccelerationintherateofinflationbyaboutonepercentagepoint.3.a.Bankingservices,businessservices.b.Notonlyhastherelativedemandforskilledworkersincreasedbuttheindustrieswherethiseffectisthestrongestaremakingupagreaterfractionoftheeconomy.4.1.Lowunemploymentmi

6、ghtleadtoanincreaseininflation.1.Althoughmeasurementerrorcertainlycontributestothemeasuredslowdowningrowth,thereareotherissuestoconsideraswell,includingtheproductivityofnewresearchandaccumulationofnewcapital.2.Althoughlabormarketrigiditiesmaybeimportant,itisalsoimportanttoconsiderthattheserigiditie

7、smaynotbeexcessive,andthathighunemploymentmayarisefromflawedmacroeconomicpolicies.3.AlthoughtherewereseriousproblemswithregardtothemanagementofAsianfinancialsystems,itisimportanttoconsiderthepossibilitythat