moneyandbanktestbankchap24Word格式文档下载.docx
- 文档编号:13065467
- 上传时间:2022-10-04
- 格式:DOCX
- 页数:20
- 大小:79.32KB
moneyandbanktestbankchap24Word格式文档下载.docx
《moneyandbanktestbankchap24Word格式文档下载.docx》由会员分享,可在线阅读,更多相关《moneyandbanktestbankchap24Word格式文档下载.docx(20页珍藏版)》请在冰豆网上搜索。
D
QuesStatus:
PreviousEdition
2)Theeconomistwhoproposedthat,"
Inflationisalwaysandeverywhereamonetaryphenomenon"
was
A)JohnMaynardKeynes.
B)JohnR.Hicks.
C)MiltonFriedman.
D)FrancoModigliani.
C
3)CompleteMiltonFriedman'
sfamousproposition:
"
Inflationisalwaysandeverywherea
phenomenon."
A)monetary
B)political
C)policy
D)budgetaryAnswer:
A
4)Atfirstcut,thesimplesolutiontofightinginflationis
A)reducingthegrowthrateofthemoneysupply.
B)limitingthenumberoftermsthatpoliticianscanserveinelectiveoffice.
C)returningtheeconomytobarterbyprohibitingtheuseoffiatmoney.
D)toimposepricecontrolsonbusinessesthatattempttoraiseprices.Answer:
5)"
Howdowepreventtheinflationaryfirefromignitingagainandstoptherollercoasterrideintheinflationrateofthelast40years?
"
MiltonFriedman'
sfamouspropositionsuggeststhesimplesolution:
A)reducethenumberoftermsthatpoliticiansareallowedtoserve.
B)reducethegrowthrateofthemoneysupply.
C)reducethemarginaltaxrateonlow-incomewageearners.
D)increasethemarginaltaxratesonbusinessesthathikepricesinexcessof5percentperyear.Answer:
B
16
6)MiltonFriedman'
spropositionconcerningthecauseofinflationimpliesasimplesolutiontotheinflationproblem:
A)reducegovernmentbudgetdeficits.
B)limittheabilityoffiscalpolicymakerstobringpressuretobearonthemonetaryauthority.
C)limitthenumberoftermsthatpoliticiansareallowedtoserve.
D)reducethegrowthrateofthemoneysupply.Answer:
7)MiltonFriedman'
spropositionthatinflationisalwaysandeverywhereamonetaryphenomenonholdsonlyif
A)governmentbudgetdeficitsdonotrisecontinually.
B)theunemploymentratedoesnotrisecontinually.
C)thepricelevelrisescontinually.
D)theUnitedStatesdoesnotexperiencemorethanonenegativesupplyshockperdecade.Answer:
8)Inflationoccurswhenever
A)thepricelevelrises.
B)themoneysupplyincreases.
C)thepricelevelrisescontinuouslyoveraperiodoftime.
D)thepricelevelfallscontinuouslyoveraperiodoftime.Answer:
9)Evidencestronglysupportstheviewthatcountrieswithhighinflationalsohave
A)thelowestnominalinterestrates.
B)thehighestratesofmoneygrowth.
C)thesmallestbudgetdeficits.
D)thelowestinterestrates.Answer:
10)Countrieswiththehighestinflationratesarelikelytohave
A)thehighestratesofmoneygrowth.
B)smallbudgetdeficitsrelativetoGDP.
C)thelowestinterestrates.
D)nonaccommodatingmonetarypolicy.Answer:
11)Thepropositionthatinflationistheresultofahighrateofmoneygrowthis
A)notsupportedbyevidencefromtheGermanhyperinflation.
B)heldonlybysociologistsandisnolongerbelievedbyeconomists.
C)supportedbyevidencefrominflationaryepisodesthroughouttheworld.
D)largelyapoliticalfabricationdesignedtomaketheFedascapegoatforpoorfiscalpolicy.Answer:
PreviousEdition
12)Whichofthefollowingwouldprovidethestrongestevidencethatrapidmoneygrowthisthedrivingforcebehindinflation?
A)Anendogenousincreaseinthemoneysupplythatprecededtheonsetofinflation.
B)Anexogenousincreaseinthemoneysupplythatprecededtheonsetofinflation.
C)Anendogenousincreaseinthemoneysupplythatlaggedtheonsetofinflation.
D)Anexogenousincreaseinthemoneysupplythatlaggedtheonsetofinflation.Answer:
13)TheZimbabweanhyperinflationof2008supportsthepropositionthatexcessivemonetarygrowthcausesinflationandnottheotherwayaroundsincetheincreaseinmonetarygrowthappearstohavebeen
A)unintentional.
B)intentional.
C)endogenous.
D)exogenous.
Revised
14)TheGermanhyperinflationof1921-1923providesimportantsupportfortheviewthathighmoneygrowthresultswhen
A)thegovernmentsetsanemploymenttargetthatistoohigh.
B)thegovernmentexpandsthemoneysupplytofinanceitsexpenditures.
C)thegovernmentraisestaxestofinanceitsexpenditures.
D)thegovernmentsellsbondstothepublic.Answer:
24.2MeaningofInflation
1)Aone-timeincreaseinthepricelevel
A)israre
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- moneyandbanktestbankchap24