曼昆经济学题库chapter22Word格式文档下载.docx
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曼昆经济学题库chapter22Word格式文档下载.docx
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c.percentagechangeinthepriceofaspecificcommodity.
d.changeinthepriceofaspecificcommodity.
ANSWER:
TYPE:
MDIFFICULTY:
1SECTION:
17.0
2.Overthelast60yearstheaverageannualU.S.inflationratewasabout
a.2percent.
b.3percent.
c.5percent.
d.7percent.
3.Overthelast60yearstheaverageannualU.S.inflationratewasabout
a.3percentimplyingthatpriceshaveincreased12-fold.
b.5percentimplyingthatpriceshaveincreased12-fold
c.3percentimplyingthatpriceshaveincreased18-fold.
d.5percentimplyingthatpricesincreasedabout18-fold.
4.Whenpricesarefalling,economistssaythatthereis
a.disinflation.
b.deflation.
c.acontraction.
d.aninvertedinflation.
5.WhichofthefollowingstatementsaboutU.S.inflationisfalse?
a.LowinflationwasviewedasatriumphofPresidentCarter'
seconomicpolicy.
b.Therewerelongperiodsinthenineteenthcenturyduringwhichpricesfell.
c.TheU.S.publichasviewedinflationofeven7percentasamajoreconomicproblem.
d.TheU.S.inflationratehasvariedovertime,butinternationaldatashowsevenmorevariation.
6.WhichofthefollowingconcerningthehistoryofU.S.inflationisfalse?
a.Pricesroseatanaverageannualrateofabout5percentoverthelast60years.
b.Therewasaboutan18-foldincreaseinthepriceleveloverthelast60years.
c.Inflationinthe1970swasbelowtheaverageoverthelast60years.
d.TheUnitedStateshasexperiencedperiodsofdeflation.
7.Therewashyperinflation
a.during1880–1896intheUnitedStates.
b.inpost–WorldWarIGermany.
c.duringthe1970sintheUnitedStates.
d.Alloftheabovearecorrect.
8.Whichofthefollowingeventsinpost–WorldWarIGermanylikelycontributedtotheriseofNazismandWorldWarII?
a.deflationthatproveddetrimentaltofarmers
b.anaversiontoinflationbypolicymakersthatkeptwagesstagnant
c.anunexpecteddropininflationthathurtborrowers
d.anextraordinarilyhighrateofinflation
9.Theclassicaltheoryofinflation
a.isalsoknownasthequantitytheoryofmoney.
b.wasdevelopedbysomeoftheearliesteconomicthinkers.
c.isusedbymostmoderneconomiststoexplainthelong-rundeterminantsoftheinflationrate.
10.Thequantitytheoryofmoney
a.isafairlyrecentadditiontoeconomictheory.
b.canexplainbothmoderateandhyperinflations.
c.arguesthatinflationiscausedbytoolittlemoneyintheeconomy.
11.Economistsallagreethat
a.neitherhighinflationnormoderateinflationisverycostly.
b.bothhighandmoderateinflationarequitecostly.
c.highinflationiscostly,butdisagreeaboutthecostsofmoderateinflation.
d.moderateinflationisascostlyashighinflation.
12.Whenthepricelevelfalls,thenumberofdollarsneededtobuyarepresentativebasketofgoods
a.increases,sothevalueofmoneyrises.
b.increases,sothevalueofmoneyfalls.
c.decreases,sothevalueofmoneyrises.
d.decreases,sothevalueofmoneyfalls.
17.1
13.Whenthevalueofmoneyrises,thenumberofdollarsneededtobuyarepresentativebasketofgoods
a.increases,andsothepricelevelrises.
b.increases,andsothepricelevelfalls.
c.decreases,andsothepricelevelrises.
d.decreases,andsothepricelevelfalls.
2SECTION:
14.Whenthenumberofdollarsneededtobuyarepresentativebasketofgoodsfalls,thevalueofmoney
a.rises,andsothepricelevel
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