MACRO-CHAPTER-11-TESTQUESTIONS宏观经济学答案.docx

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1、MACROCHAPTER11TESTQUESTIONSChapter11Spending,Output,andFiscalPolicy MultipleChoiceQuestions 1. Theassumptionthatfirmsmeetthedemandfortheirproductsatpresetpricesisthekeyassumptionuponwhich______isbuilt. A. thebasicKeynesianmodelB. Okun'sLawC. thesupplyanddem

2、andmodelD. quantityequationformoney 2. ThebasicKeynesianmodelisbuiltonthekeyassumptionthat: A. menucostsarenotsignificant.B. firmsmeetthedemandfortheirproductsatpresetprices.C. firmspricetheirproductssoastoseeapresetquantityofoutput.D. pricesarepreventedfro

3、mchangingfrequentlybygovernmentregulations. 3. Supposethattheownerofalocalicecreamstore,knowingthatdemandforicecreamishigherwhentheweatheriswarmer,alwayschargesapriceincentsforascoopoficecreamthatisequaltotwotimesthecurrentoutdoortemperature,measuredinFahre

4、nheit(sothatifitis90degreesoutside,theicecreamis$1.80perscoop).Thistypeofbehavioris______. A. exactlythetypeofbehaviorthatKeynesbelievedmostfirmsexhibitB. knownasmeetingdemandC. inconsistentwiththekeyassumptionuponwhichthebasicKeynesianmodelisbuiltD. freefr

5、ommenucosts 4. IntheKeynesianmodel,itisassumedthat,whendemandforafirm'sproductchanges,thefirm: A. changespricestomeetthedemand.B. changesproductionlevelstomeetthedemand.C. changespricesandproductionlevelstomeetdemand.D. changesprices,butholdproductionlevels

6、constanttomeetthedemand. 5. Thedecisionwhethertochangepricesfrequentlyorinfrequentlyisanapplicationofthe: A. principleofcomparativeadvantage.B. scarcityprinciple.C. principleofincreasingopportunitycost.D. cost-benefitprinciple. 6. Menucostsarethecostsof: A.

7、 runningarestaurant.B. changingprices.C. increasingaggregatedemand.D. changingproduction. 7. Firmsdonotchangepricesfrequentlybecause: A. therearelegalprohibitionsagainstdoingso.B. itiseasiertochangethequantityofcapitalusedinproduction.C. itiscostlytodoso.D.

8、 customerswillrefusetopatronizefirmsthatchangepricesfrequently. 8. Plannedaggregateexpenditureistotal: A. valueaddedintheeconomy.B. plannedspendingonfinalgoodsandservices.C. incomeofhouseholds,business