Macroeconomics-习题集1.doc

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1、习题集一Question1InAustralia,using2000-01asthebaseyear,wewouldfindthat:a)NominalGDPisalwayslargerthanrealGDP.b)RealGDPisalwayslargerthannominalGDPfortheperiod1960to2000.c)RealGDPislargerthannominalGDPfrom1998to2002.d)RealGDPissmallerthannominalGDPfrom1988to1

2、995.e)RealGDPandnominalGDPwouldbeequalfortheentireperiod.Note:pleaseseefigure2.1onpage31ofthetextbook.Question2Duringthedate1990s,JapanexperiencedreductionsintheGDPdeflator.Giventhisinformation,weknowwithcertaintythat:a)RealGDPfellduringtheseperiods.b)Re

3、alGDPdidnotchangeduringtheseperiods.c)TheoverallpricelevelinJapandecreasedduringtheseperiods.d)BothrealGDPandtheoverallpriceleveldecreasedduringtheseperiods.Question3SupposethatinJanuary2003inAustralia,200millionpeopleareworking,20millionarenotworkingbut

4、arelookingforwork,and40millionarenotworkingandhavegivenuplookingforwork.Theofficialunemploymentrateforthatmonthis:a)7.7%b)9.1%c)10%d)23%e)30%Question4AcountryusingtheAustraliansystemofunemploymentstatisticshas100millionpeople,ofwhom50millionareworkingage

5、.Ofthese50million,20millionhavejobs.Oftheremainder:10millionareactivelysearchingforjobs;10millionwouldlikejobsbutarenotsearching;and10milliondonotwantjobsatall.Thelabourforceis:a)10millionb)20million-11-a)30millionb)40millionc)50millionQuestion5Supposeth

6、econsumptionequationisrepresentedbythefollowing:C=100+.75YD.Themultiplierinthiseconomyis_______.a)0.25b)0.75c)1.33d)2e)4Question6Theparadoxofsavingsuggeststhatanincreaseinthedesiretosavewillcause:a)AninceaseinequilibriumGDP.b)AreductioninGDP.c)Anincrease

7、inthedesiretoinvest.d)NochangeinequilibriumGDP.e)Apermanentincreaseinthelevelofsaving.Note:Pleaseseedefinitionof“paradoxofsaving”onpage674ofthetextbook.(savingS↑→Y↓→S↓(S=Y-T-C)so,savingisunchanged)Question7WhenC=C0+C1YD,anincreaseinC0willcausewhichofthef

8、ollowingtoincrease?a)Equilibriumincomeb)Equilibriumdisposableincomec)Equilibriumsavingd)Alloftheabovee)NoneoftheaboveQuestion8Supposethecentralbankwishestoconductexpansionarymonetarypolicy.Giventhis,wewouldexpectwhichofthe