宏观经济学-双语-练习题.docVIP

Exercises I. Definition 1. GDP deflator 2. Real exchange rate; 3. Risk aversion;4. Investment; 5. Transfer payments; 6. Indexation 7. Efficiency wages; 8. Catch-up effect; 9. Rule of 70; 10. Marginal propensity to consume (MPC); 11. Nominal variables; 12. net capital outflow; 13. Purchasing-power parity; 14. Monetary neutrality; 15. Frictional unemployment; 16. The natural rate of unemployment; 17. Crowding out; 18. classical dichotomy ; 19. Structural unemployment; 20. Reserve requirement; 21. Fisher Effect; 22 fiscal policy; 23. automatic stabilizers; 24.multiplier effect; 25. the theory of liquidity preference; 26. recession; 27. Adverse selection 28. depreciate 29. Fiat money；30 Present value II. Multiple choices: 1. At a given real exchange rate, which of the following, by itself, would increase the supply of dollars in the market for foreign-currency exchange? a. foreign citizens buy more U.S. bonds b. U.S. citizens buy more foreign bonds c. foreign citizens buy more U.S. goods d. U.S. citizens buy more foreign goods ANS: B 2．A typical worker in Italy can produce 24 units of product in an eight-hour day, while a typical worker in Poland can produce 25 units of product in a 10-hour day. We can conclude that a. worker productivity in Poland is higher than in Italy. b. the standard of living will likely be higher in Italy than in Poland. c. productivity is 3 units per hour for the Polish worker and 21/2 units per hour for the Italian worker. d. there will be no difference between the standard of living in Italy and Poland. ANS: B 3．Which of the following statements about GDP is correct? a. GDP measures two things at once: the total income of everyone in the economy and the unemployment rate. b. Money continuously flows from households to government and then back to households, and GDP measures this flow of money. c. GDP is to a nation’s economy as household income is to a household. d. All of the above are correct. ANS: C 4．If the multiplier is 2.5, the MPC