经济学原理对应练习 Ch 30.doc

Chapter 30 Money Growth and Inflation Multiple Choice 1. Inflation can be measured by the a. change in the consumer price index. b. percentage change in the consumer price index. c. percentage change in the price of a specific commodity. d. change in the price of a specific commodity. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: Inflation MSC: Definitional 2. Over the last 70 years the average annual U.S. inflation rate was about a. 2 percent. b. 4 percent. c. 6 percent. d. 8 percent. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: U.S. inflation MSC: Definitional 3. Over the last 70 years the average annual U.S. inflation rate was about a. 2 percent implying that prices have increased 10-fold. b. 4 percent implying that prices have increased 10-fold. c. 2 percent implying that prices have increased 16-fold. d. 4 percent implying that prices increased about 16-fold. ANS: D PTS: 1 DIF: 1 REF: 30-1 TOP: Inflation rate MSC: Definitional 4. The price level rises from 120 to 150. What was the inflation rate? a. 30% b. 25% c. 20% d. None of the above is correct. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: Inflation MSC: Applicative 5. The price level rises from 120 to 126. What is the inflation rate? a. 3% b. 5% c. 6% d. None of the above is correct. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: Inflation MSC: Applicative 6. When prices are falling, economists say that there is a. disinflation. b. deflation. c. a contraction. d. an inverted inflation. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: Deflation MSC: Definitional 7. If the price index in some country were falling over time, economists would say that country had a. disinflation. b. deflation. c. a contraction. d. an inverted inflation. ANS: B PTS: 1 DIF: 1 REF: 30-1 TOP: Deflation MSC: Applicative 8. Deflation a. increases the ability to pay debts and raises the value of money. b. increases the ability to pay debts and lowers the value of money. c. reduces the ability to pay debts and raises the value of money. d. reduces the ability to pay debts an