经济学原理对应练习 32.doc

Chapter 32 A Macroeconomic Theory of the Open Economy Multiple Choice 1. Over the past two decades, the United States has a. generally had, or been very near to a trade balance. b. had trade deficits in about as many years as it has trade surpluses. c. persistently had a trade deficit. d. persistently had a trade surplus. ANS: C PTS: 1 DIF: 1 REF: 32-0 TOP: Budget deficit MSC: Definitional 2. Many U.S. business leaders argue that the current state of U.S. net exports is the result of a. U.S. export subsidies. b. free trade policies of foreign governments. c. unproductive U.S. workers. d. unfair foreign competition. ANS: D PTS: 1 DIF: 1 REF: 32-0 TOP: U.S. trade MSC: Definitional 3. The open-economy macroeconomic model includes a. only the market for loanable funds. b. only the market for foreign-currency exchange. c. both the market for loanable funds and the market for foreign-currency exchange. d. neither the market for loanable funds or the market for foreign-currency exchange. ANS: C PTS: 1 DIF: 1 REF: 32-0 TOP: Open-economy macroeconomic model MSC: Definitional 4. The open-economy macroeconomic model examines the determination of a. the output growth rate and the real interest rate. b. unemployment and the exchange rate. c. the output growth rate and the inflation rate. d. the trade balance and the exchange rate. ANS: D PTS: 1 DIF: 1 REF: 32-0 TOP: Open-economy macroeconomic model MSC: Definitional 5. The open-economy macroeconomic model takes a. GDP, but not the price level as given. b. the price level, but not GDP as given. c. both the price level and GDP as given. d. the price level and GDP as variables to be determined by the model. ANS: C PTS: 1 DIF: 1 REF: 32-1 TOP: Open-economy macroeconomic model MSC: Definitional 6. In an open economy, the market for loanable funds equates national saving with a. domestic investment. b. net capital outflow. c. the sum of national consumption and government spending. d. the sum of domestic investment and net cap