国际金融题库第17章.docVIP

International Economics, 10e Global Edition (Krugman/Obstfeld/Melitz) Chapter 17 Output and the Exchange Rate in the Short Run 17.1 Determinants of Aggregate Demand in an Open Economy 1.  How does an increase in the real exchange rate affect exports and imports? A)  Exports increase; imports change ambiguously. B)  Exports change ambiguously; imports decrease. C)  Exports decrease; imports increase. D)  Exports increase; imports are constant. E)  Exports increase; imports decrease. Answer:  A Page Ref: 483-487 Difficulty: Easy  2.  Which one of the following statements is MOST accurate? A)  In general, consumption demand rises by more than income. B)  In general, consumption demand rises by more than disposable income. C)  In general, consumption demand rises by the same amount as disposable income rises. D)  In general, consumption demand rises by less than disposable income. E)  In general, consumption demand rises are unrelated to disposable income rises. Answer:  D Page Ref: 483-487 Difficulty: Easy  3.  The current account balance is A)  the supply of a countrys exports less the countrys own demand for imports. B)  the demand for a countrys exports less the countrys own demand for imports. C)  the demand for a countrys exports plus the countrys own demand for imports. D)  the countrys own demand for imports less the demand for a countrys exports. E)  the countrys federal reserves minus the national debt. Answer:  B Page Ref: 483-487 Difficulty: Easy  4.  The domestic currency price of a representative foreign expenditure basket is A)  E, the nominal exchange rate. B)  P, the domestic price level. C)  P, the foreign price level. D)  P times E, the foreign price level times the nominal exchange rate. E)  P times E, the domestic price level times the domestic price level. Answer:  D Page Ref: 483-487 Difficulty: Easy  5.  Current account is given by the equation: A