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SINGLE CHOICE QUESTIONS
( )1. A nation experiences internal balance(内在均衡) if it achieves:
a. Full employment b. Price stability(物价稳定)
c. Full employment and price stability d. Unemployment and price instability
( )2. A nation experiences external balance(外在稳定) if it achieves:
a. No net changes in its international gold stocks
b. Productivity levels equal to those of its trading partners
c. An increase in its money supply equal to increases overseas
d. Equilibrium(均衡) in its balance of payments(国际收支)
( )3. Suppose the United States faces domestic inflation and a balance-of-payments surplus(国际收支顺差). Should the United States revalue the dollar, one would expect the:
a. Inflation to become more severe—surplus to become less severe
b. Inflation to become less severe—surplus to become less severe
c. Inflation to become less severe—surplus to become more severe
d. Inflation to become more severe—surplus to become more severe
( )4. Suppose the United States faces internal balance(内部均衡) and a balance-of-payments surplus(国际收支顺差). The appropriate policy for achieving overall balance(总体均衡) would be:
a. Currency devaluation and restrictive fiscal policy(财政政策)
b. Currency devaluation and expansionary fiscal policy
c. Currency revaluation and restrictive fiscal policy
d. Currency revaluation and expansionary fiscal policy
( )5. Under a system of floating exchange rates(浮动汇率制度), which of the following policies promotes internal balance for a nation?
a. Fiscal policy b. Monetary policy(货币政策)
c. Both fiscal policy and monetary policy d. Neither fiscal policy nor monetary policy
( )6. Concerning the pursuit of internal balance under a fixed exchange rate system(固定汇率制度):
a. Fiscal policy is successful in promoting internal balance, while monetary policy is unsuccessful
b. Monetary policy is successful in promoting internal balan
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