巴罗宏观经济学BarroTBch01.docVIP

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巴罗宏观经济学BarroTBch01.doc

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巴罗宏观经济学BarroTBch01

Barro Chapter 1 TRUE/FALSE 1. Macroeconomists study the amount of employment and unemployment. ANS: T PTS: 1 DIF: 1 NAT: Analytic 2. Macroeconomists study the price of individual products like beer. ANS: F PTS: 1 DIF: 1 NAT: Analytic 3. When the gross domestic product is growing, it is called inflation. ANS: F PTS: 1 DIF: 1 NAT: Analytic 4. A recession is when GDP is falling toward a trough. ANS: T PTS: 1 DIF: 1 NAT: Analytic 5. If price is below equilibrium in a market, then quantity supplied will be less than quantity demanded. ANS: T PTS: 1 DIF: 1 NAT: Analytic MULTIPLE CHOICE 1. Macroeconomics deals with: a. how individual markets work. b. the overall performance of the economy. c. relative prices in different markets. d. substitution of one good for another good. ANS: B PTS: 1 DIF: 1 NAT: Analytic 2. Macroeconomics includes the study of: a. the general price level. c. the relative price of goods. b. the price of individual goods. d. all of the above. ANS: A PTS: 1 DIF: 1 OBJ: Analytic 3. Macroeconomists study: a. the determination of the economy’s total production. b. unemployment c. the general price level. d. all of the above. ANS: D PTS: 1 DIF: 1 NAT: Analytic 4. Macroeconomists study: a. the determination of real GDP. b. the production of specific goods. c. the relative production in different markets. d. all of the above. ANS: A PTS: 1 DIF: 1 NAT: Analytic 5. Among the prices that macroeconomist study are: a. the price of coffee. c. the interest rate. b. the price of tea. d. all of the above. ANS: C PTS: 1 DIF: 1 NAT: Analytic 6. Among the prices that macroeconomists study are: a. the wage rate. c. the exchange rate. b. the interest rate. d. all of the above. ANS: D PTS: 1 DIF: 1 NAT: Analytic 7. Monetary policy involves: a. the government’s expenditure. c. determining the quantity of money. b. taxation. d. the fiscal deficit. ANS: C PTS: 1 DIF: 1 NAT: Analytic 8. The unemployment rate is: a. the fraction of t