货币金融学（第十二版）英文版题库及答案chapter20.pdfVIP

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 20 The IS Curve 20.1 Planned Expenditure and Aggregate Demand 1) His analysis started with the recognition that the total quantity demanded of an economys output was the sum of four types of spending: consumer expenditure, planned investment spending, government spending, and net exports. A) John Maynard Keynes B) Sir John Hicks C) Milton Friedman D) Paul A. Samuelson Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 2) Keyness motivation in developing the aggregate output determination model stemmed from his concern with explaining A) the hyperinflations of the 1920s. B) why the Great Depression occurred. C) the high unemployment in Great Britain before World War I. D) the high unemployment in Great Britain after World War II. Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 3) Keynes was especially interested in explaining movements of ________ because he wanted to explain why the Great Depression had occurred and how government policy could be used to increase ________ in a similar economic situation. A) aggregate output; wages B) aggregate output; employment C) wage rates; wages D) wage rates; employment Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 4) Keynes was especially concerned with explaining the A) recession of 1920-21. B) low levels of output and employment during the Great Depression. C) strong economic growth of the 1920s. D) high unemployment in Great Britain during the 1920s. Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) Keynes was especially concerned with explaining the ________ level of output and employment during the ________. A) low; 1920s B) low; 1930s C) high; 1920s D) high; 1930s Answer