曼昆《经济学原理》（宏观）第五版测试题库 (34).docVIP

PAGE 2252 ? Chapter 34/The Influence of Monetary and Fiscal Policy On Aggregate Demand Chapter 34/The Influence of Monetary and Fiscal Policy On Aggregate Demand ? PAGE 2263 PAGE 2251 Chapter 34 The Influence of Monetary and Fiscal Policy On Aggregate Demand TRUE/FALSE 1. Both monetary policy and fiscal policy affect aggregate demand. ANS: T DIF: 1 REF: 34-0 NAT: Analytic LOC: Monetary and fiscal policy TOP: Monetary policy | Fiscal policy MSC: Definitional 2. For the U.S. economy, the most important reason for the downward slope of the aggregate-demand curve is the interest-rate effect. ANS: T DIF: 2 REF: 34-1 NAT: Analytic LOC: Aggregate demand and aggregate supply TOP: Interest-rate effect MSC: Interpretive 3. According to the theory of liquidity preference, the interest rate adjusts to balance the supply of, and demand for, loanable funds. ANS: F DIF: 2 REF: 34-1 NAT: Analytic LOC: The role of money TOP: Theory of liquidity preference MSC: Interpretive 4. The theory of liquidity preference was developed by Irving Fisher. ANS: F DIF: 1 REF: 34-1 NAT: Analytic LOC: The role of money TOP: Theory of liquidity preference | Economists MSC: Interpretive 5. An increase in the money supply decreases the equilibrium interest rate and shifts the aggregate-demand curve to the right. ANS: T DIF: 2 REF: 34-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Monetary injections MSC: Interpretive 6. Other things the same, an increase in the price level causes the real value of the dollar to fall in the market for foreign-currency exchange. ANS: F DIF: 2 REF: 34-1 NAT: Analytic LOC: Aggregate demand and aggregate supply TOP: Exchange-rate effect MSC: Applicative 7. Changes in monetary policy aimed at reducing aggregate demand involve decreasing the money supply or increasing the interest rate. ANS: T DIF: 2 REF: 34-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Monetary policy MSC: Interpretive 8. For the most part, fiscal policy affects the economy