Examination of Macroeconomics2003-2004学年第二学期Class：经济试验班021、022.docVIP

Examination of Macroeconomics 2003－2004学年第二学期 Class：经济试验班021、022 Name________ Number________ 08/06/2004 Ⅰ.Choose the best answers (2＇×10). The difference between NDP and GDP is A. direct tax B. depreciation C. indirect tax D. net export ( ) 2. Supposing nominal GDP in 2001y is 360 billion dollars, and price level went up 20% from 2000y to 2001y, then according to the price in 2000y, the real GDP in 2001y is A. 300 billion B. 320 billion C. 340 billion D. 360 billion ( ) 3. Suppose the economy is operating at its full-employment-non-inflationary GDP and the MPC is 0.75. The Federal government now finds that it must increase spending on military goods by $21 billion in response to deterioration in the international political situation. To sustain full-employment-non-inflationary GDP government must: A. reduces taxes by $28 billion.B. increase taxes by $21 billion.C. increase taxes by $28 billion.D. reduces taxes by $21 billion. ( ) 4. If wage and price are completely flexible, A. AD curve is vertical. B. AS curve is vertical. C. AS curve is up-ward slope. D. AS curve is flat. ( ) 5.The four models of the short-run aggregate supply curve presented in Chapter 13 of the textbook include all of the following EXCEPT the A. sticky-wage mode B. sticky-price model C. industry-misperception model D. imperfect-information model ( ) 6 Which of the following reason can we use to explain stagflation phenomenon? ( ) A. Cost-push inflation caused by supply shocks. B. Inertial rate of inflation rise. C. Demand-pull inflation caused by aggregate demand rising. D. All above are right. ( ) 7. The domestic currency appreciation will A. increase export and decrease import. B. increase import and decrease export. C. increase export and increase import. D. decrease export and decrease import. ( ) 8. When consume function is C = a + b Y, if a, b