经济学原理对应练习 36.doc

Chapter 36 Five Debates Over Macroeconomic Policy Multiple Choice 1. Fluctuations in employment and output result from changes in a. aggregate demand only. b. aggregate supply only. c. aggregate demand and aggregate supply. d. neither aggregate demand nor aggregate supply. ANS: C PTS: 1 DIF: 1 REF: 36-1 TOP: Aggregate demand MSC: Applicative 2. In the fall of 2005, consumers indicated that they were less optimistic about the future of the economy. This change in sentiment would likely a. shift aggregate demand left. b. decrease output. c. increase unemployment. d. All of the above are correct. ANS: D PTS: 1 DIF: 1 REF: 36-1 TOP: Stabilization policy MSC: Analytical 3. If aggregate demand shifts because of a wave irrational exuberance, those who favor lean against the wind policy would advocate the a. federal reserve increase the money supply or the government increase taxes. b. federal reserve increase the money supply or the government decrease taxes. c. federal reserve decrease the money supply or the government increase taxes. d. federal reserve decrease the money supply or the government decrease taxes. ANS: C PTS: 1 DIF: 2 REF: 36-1 TOP: Stabilization policy MSC: Analytical 4. Leaning against the wind is exemplified by a a. tax cut when there is a recession. b. decrease in the money supply when there is a recession. c. decrease in government expenditures when there is a recession. d. All of the above are correct. ANS: A PTS: 1 DIF: 1 REF: 36-1 TOP: Stabilization policy MSC: Analytical 5. Leaning against the wind is exemplified by a a. tax increase when there is a recession. b. decrease in the money supply when there is an expansion. c. decrease in government expenditures when there is a recession. d. All of the above are correct. ANS: B PTS: 1 DIF: 1 REF: 36-1 TOP: Stabilization policy MSC: Interpretive 6. President George W. Bush and congress cut taxes and raised government expenditures in 2003. According to the aggregate supply and aggregate demand mod