Chapter 19 试题.doc

Economics of Money, Banking, and Fin. Mkts., 2e (B.S. Ed.) (Mishkin) Chapter 19?? The Conduct of Monetary Policy: Strategy and Tactics ? 19.1?? Monetary Targeting ? 1) Under monetary targeting, a central bank announces an annual growth rate target for ________. A) a monetary aggregate B) a reserve aggregate C) the monetary base D) GDP Answer:? A Ques Status:? Previous Edition ? 2) During the years 1979 to 1982, the Federal Reserves announced policy was monetary targeting.? During this time period the Federal Reserve A) hit all of their monetary targets. B) did not hit any of their monetary targets because it is believed that controlling the money supply was not the intent of the Federal Reserve. C) did not hit any of their monetary targets because they were unrealistic. D) hit about half of their monetary targets. Answer:? B Ques Status:? Previous Edition ? 3) Compared to the United States, Japans experience with monetary targeting performed A) better with regard to the inflation rate and output fluctuations. B) worse with regard to the inflation rate and output fluctuations. C) better with regard to the inflation rate, but worse with regard to output fluctuations. D) worse with regard to the inflation rate, but better with regard to output fluctuations. Answer:? A Ques Status:? Previous Edition ? 4) One of the factors that contributed to the success German policymakers had using a monetary targeting type policy was that A) they used a rigid target for the money growth rate. B) they implemented policy so their inflation rate goal was met in the short run. C) the money target was flexible to allow the Bundesbank to concentrate on other goals as needed. D) they rarely communicated the intentions of policy to the public in order to keep the public from panicking. Answer:? C Ques Status:? Previous Edition ? 5) Which of the following is the best description of the monetary policy strategy followed by the European Central Bank (ECB)? A) The ECB follows monetary targeting