曼昆《经济学原理》宏观第五版测试题库 32.docx

曼昆《经济学原理》宏观第五版测试题库 32.docx

《曼昆《经济学原理》宏观第五版测试题库 32.docx》由会员分享，可在线阅读，更多相关《曼昆《经济学原理》宏观第五版测试题库 32.docx（118页珍藏版）》请在冰豆网上搜索。

曼昆《经济学原理》宏观第五版测试题库32

Chapter32

AMacroeconomicTheoryoftheOpenEconomy

TRUE/FALSE

1.Overthepasttwodecades,theUnitedStateshaspersistentlyexportedmoregoodsandservicesthanithasimported.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

U.S.tradeMSC:

Analytical

2.OverthepasttwodecadestheU.S.haspersistentlyhadtradedeficits.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

U.S.tradeMSC:

Definitional

3.Theprimaryfocusoftheopen-economymacroeconomicmodelisthedeterminationofGDPandthepricelevel.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Open-economymacroeconomicmodel

MSC:

Definitional

4.Inanopeneconomy,thesupplyofloanablefundscomesfromnationalsaving.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Definitional

5.Inanopeneconomy,thedemandforloanablefundscomesfrombothdomesticinvestmentandnetcapitaloutflow.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Definitional

6.Thepurchaseofacapitalassetaddstothedemandforloanablefundsonlyifthatassetisadomesticone.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Definitional

7.AdropintheFrenchrealinterestratereducesFrenchnetcapitaloutflow.

ANS:

FDIF:

2REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Netcapitaloutflow

MSC:

Applicative

8.Intheopen-economymacroeconomicmodel,attheequilibriumrealinterestrate,theamountthatpeople（includinggovernment）wanttosaveexactlybalancesdesireddomesticinvestment.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Definitional

9.Intheopen-economymacroeconomicmodel,ahigherdomesticinterestratereducesthequantityofloanablefundsdemanded

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Applicative

10.Iftherealinterestratewereabovetheequilibriumrate,therewouldbeashortageofloanablefunds.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforloanablefunds

MSC:

Applicative

11.Netcapitaloutflowrepresentsthequantityofdollarssuppliedintheforeign-currencyexchangemarket.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Definitional

12.Intheopen-economymacroeconomicmodel,netexportsequalthequantityofdollarsdemandedintheforeign-currencyexchangemarket.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Definitional

13.Otherthingsthesame,whentherealexchangerateofthedollarappreciates,U.S.goodsbecomemoreattractivetoU.S.residents,butlessattractivetoforeignresidents.

ANS:

FDIF:

2REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Analytical

14.Otherthingsthesame,ahigherrealexchangerateraisesnetexports.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Demandforforeign-currencyexchange|Netexports|Realexchangerate

MSC:

Applicative

15.Intheopen-economymacroeconomicmodel,thesupplyofdollarsinthemarketforforeign-currencyexchangeisupwardsloping.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Definitional

16.Intheopen-economymacroeconomicmodel,thesupplycurveofcurrencyisverticalbecausethequantityofcurrencysupplieddoesnotdependontherealexchangerate.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Applicative

17.IftherealexchangerateoftheU.S.dollarwereaboveitsequilibriumlevel,therealexchangerateoftheU.S.dollarwouldappreciate.

ANS:

FDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Analytical

18.Intheopen-economymacroeconomicmodel,otherthingsthesame,whenaU.S.residentimportsaforeigngood,ourmodeltreatsthisasadecreaseinthedemandfordollarsintheforeign-currencyexchangemarket.

ANS:

TDIF:

2REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Applicative

19.Thekeydeterminantofnetcapitaloutflowistherealinterestrate.

ANS:

TDIF:

2REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Netcapitaloutflow

MSC:

Applicative

20.AhigherU.S.interestratediscouragesAmericansfrombuyingforeignassetsandencouragesforeignerstobuyU.S.assets.

ANS:

TDIF:

1REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Netcapitaloutflow

MSC:

Applicative

21.Astheinterestraterises,itispossiblethatnetcapitaloutflowcouldmovefromapositivetoanegativevalue.

ANS:

TDIF:

1REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Netcapitaloutflow

MSC:

Definitional

22.Intheopen-economymacroeconomicmodel,netcapitaloutflowlinksthemarketsforloanablefundsandforeign-currencyexchange.

ANS:

TDIF:

1REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Open-economymacroeconomicmodel

MSC:

Definitional

23.Intheopen-economymacroeconomicmodel,therealexchangeratedoesnotaffectnetcapitaloutflow.

ANS:

TDIF:

2REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Netcapitaloutflow

MSC:

Definitional

24.BecausedepreciationoftherealexchangerateofthedollarincreasesU.S.netexports,thedemandcurvefordollarsintheforeign-currencyexchangemarketisdownwardsloping.

ANS:

TDIF:

2REF:

32-1NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Interpretive

25.Otherthingsthesame,whenaGreekcompanyimportsbicyclesfromtheU.S.,theopen-economymacroeconomicmodeltreatsthistransactionasanincreaseinthequantityofdollarsdemandedintheU.S.foreign-currencyexchangemarket.

ANS:

TDIF:

2REF:

32-2NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Marketforforeign-currencyexchange

MSC:

Interpretive

26.Whenthegovernmentbudgetdeficitincreases,nationalsavingincreases.

ANS:

FDIF:

1REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Budgetdeficit|Marketforloanablefunds

MSC:

Definitional

27.Accordingtotheopen-economymacroeconomicmodel,iftheU.S.governmentbudgetdeficitincreases,thenbothU.S.domesticinvestmentandU.S.netcapitaloutflowwoulddecrease.

ANS:

TDIF:

2REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Budgetdeficit|Open-economymacroeconomicmodelMSC:

Analytical

28.Accordingtotheopen-economymacroeconomicmodel,adecreaseintheU.S.governmentbudgetdeficitincreasesU.S.netcapitaloutflow,causestherealexchangerateofthedollartodepreciate,andincreasesU.S.netexports.

ANS:

TDIF:

2REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Budgetsurplus|Open-economymacroeconomicmodelMSC:

Analytical

29.Accordingtotheopen-economymacroeconomicmodel,iftheUnitedStatesmovedfromagovernmentbudgetdeficittoagovernmentbudgetsurplus,U.S.realinterestrateswouldincreaseandtherealexchangerateoftheU.S.dollarwouldappreciate.

ANS:

FDIF:

2REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Open-economymacroeconomicmodel

MSC:

Analytical

30.Inthe1980s,boththeU.S.governmentbudgetandU.S.tradedeficitsincreased.

ANS:

TDIF:

1REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

U.S.tradeMSC:

Definitional

31.Whenacountryimposesatraderestriction,therealexchangerateofthatcountry'scurrencyappreciates.

ANS:

TDIF:

1REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Tradepolicy|Open-economymacroeconomicmodelMSC:

Applicative

32.Inthelongrun,importquotasincreasenetexports.

ANS:

FDIF:

2REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Importquotas

MSC:

Analytic

33.Inthelongrunimportquotasdonotaffectthesizeofnetexports.

ANS:

TDIF:

2REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Tradepolicy,Open-economymacroeconomicmodelMSC:

Definitional

34.AnimportquotaimposedbyEgyptwouldreduceEgyptianimports,buthavenoimpactonEgyptianexports.

ANS:

FDIF:

2REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Tradepolicy|Open-economymacroeconomicmodelMSC:

Analytical

35.Althoughtradepoliciesdonotaffectacountry'soveralltradebalance,theydoaffectspecificfirmsandindustries.

ANS:

TDIF:

2REF:

32-3NAT:

Analytic

LOC:

Internationaltradeandfinance

TOP:

Microeconomiceffectsoftradepolicies|ImportquotasMSC:

Applicative

36.Ifpolicymakersimposeimportrestrictionsonclothing,theU.S.tradedeficitwillshrink.

ANS:

FDIF:

2REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Importquotas

MSC:

Applicative

37.Capitalflightreducesacountry’srealexchangerate.

ANS:

TDIF:

2REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Capitalflight|Realexchangerate

MSC:

Analytic

38.IfArgentinasuffersfromcapitalflight,ArgentineandomesticinvestmentandArgentineannetexportswillbothdecline.

ANS:

FDIF:

2REF:

32-3NAT:

Analytic

LOC:

InternationaltradeandfinanceTOP:

Capitalflight|Netexports

MSC:

Analytical