宏观经济学习题和答案-chapter 05.doc

Macroeconomics, 6e (Blanchard/Johnson) Chapter 5: Goods and Financial Markets. The IS-LM Model 5.1 Multiple Choice Questions 1) The IS curve represents A) the single level of output where the goods market is in equilibrium. B) the single level of output where financial markets are in equilibrium. C) the combinations of output and the interest rate where the money market is in equilibrium. D) the combinations of output and the interest rate where the goods market is in equilibrium. E) none of the above Answer: D Diff: 1 2) The IS curve will shift to the right when which of the following occurs? A) an increase in the money supply B) an increase in government spending C) a reduction in the interest rate D) all of the above E) none of the above Answer: B Diff: 2 3) Which of the following occurs as the economy moves leftward along a given IS curve? A) an increase in the interest rate causes investment spending to decrease B) an increase in the interest rate causes money demand to increase C) an increase in the interest rate causes a reduction in the money supply D) a reduction in government spending causes a reduction in demand for goods E) an increase in taxes causes a reduction in demand for goods Answer: A Diff: 2 4) For each interest rate, the LM curve illustrates the level of output where A) the goods market is in equilibrium. B) inventory investment equals zero. C) money supply equals money demand. D) all of the above E) none of the above Answer: C Diff: 2 5) The LM curve shifts down (or, equivalently, to the right) when which of the following occurs? A) an increase in taxes B) an increase in output C) an open market sale of bonds by the central bank D) an increase in consumer confidence E) none of the above Answer: E Diff: 2 6) Which of the following statements is consistent with a given (i.e., fixed) LM curve? A) a reduction in the interest rate causes investment spending to increase B) a reduction in the interest rate causes money demand to decrease C)