宏观经济学习题和答案-chapter 17.doc

Macroeconomics, 6e (Blanchard/Johnson) Chapter 17: Expectations, Output, and Policy 17.1 Multiple Choice Questions 1) Changes in future expected interest rates can affect current consumption. Suppose individuals expect future interest rates to decrease. Consumption will change as a result of this lower expected future interest rate because of its effects on which of the following? A) human wealth B) the value of stocks C) the value of bonds D) all of the above E) none of the above Answer: D Diff: 2 2) Which of the following will NOT cause aggregate private spending to increase? A) an increase in expected future real interest rates B) an increase in government spending C) a reduction in future taxes D) all of the above E) none of the above Answer: A Diff: 1 3) Which of the following will cause aggregate private spending to decrease? A) a reduction in government spending B) an increase in expected future interest rates C) an increase in expected future taxes D) all of the above E) none of the above Answer: D Diff: 1 4) Which of the following will cause the LM curve to shift up? A) an increase in the expected future interest rate B) an increase in current income C) an increase in expected future taxes D) all of the above E) none of the above Answer: E Diff: 1 5) A change in which of the following will have a direct effect on the amount of money individuals wish to hold in the current period? A) the current nominal interest rate B) the current real interest rate C) the expected future nominal interest rate D) the expected future real interest rate E) all of the above Answer: A Diff: 2 6) A reduction in which of the following variables will cause an increase in the amount of money individuals wish to hold in the current period? A) current income B) the current nominal interest rate C) the current real interest rate D) expected future income E) all of the above Answer: B Diff: 2 7) Suppose individuals expect that interest rates will increase in the future. Als