課程名稱︰經濟學原理下
課程教師︰官俊榮
開課系所︰生農學院農經系
考試時間︰2006/06/26 14:00~17:00
是否需發放獎勵金：Y
（如未明確表示，則不予發放）
試題 :
PART A
1.Open-market sales of gorvernment bonds by the Fed will have the
tendency to:
(a)increase interest rates, the money supply, and national income.
(b)increase interest rates and the money supply, but decrease national
income.
(c)increase interest rates, but decrease the money supply and national
income.
(d)decrease interest rates, but increase the money supply and national
income.
(e)decrease interest rates, the money supply, and the national income.
2.If the Keynesian expenditure is 2.5 and if I rise by 10, G rises by 10
(other things being equal),by how much will the equilibrium level of
income rise?
(a)10 (b)25 (c)40 (d)50 (e)By an indeterminate amount
3.Which of the following should be expected to shift the aggregate demand
curve out to the left?
(a)an increase in government expenditure.
(b)an increase in investment.
(c)a decrease in money supply.
(d)a reduction in labor force participation.
(e)the adoption of an improved production technology.
4.When a central bank wishes to increase the quantity of money held by
the public, it:
(a)sells bonds
(b)buys bonds
(c)falls the rediscount rate for the commercial banks.
(d)increase the legal reserves requirement rate.
(e)B & C
(f)B & D
5.One of the possible result of an increase in the reserve requirement is:
(a)an increase in the sell of bonds by banks.
(b)an decrease in the size of demend deposit accounts.
(c)an increase in the number of loans extend.
(d)both A and B.
(e)none of the above.
6.The link from monetary policy to change in real macroeconomic variables
is one that:
(a)depends not at all on the interest rate.
(b)depends only upon the sensitivity of investment to change in the
interet rate.
(c)depends only upon the sensitivity of demend for money to changes in
the interest rate.
(d)depends upon the sensitivity of both investment and the demand for
money to changes in the interest rate.
(e)is derect, and works automatically within the walls of American
banks.
7.Monetary policy seems to affect:
(a)output in the short run;price and wages in the long run.
(b)prices and wages in the short run and output in the long run.
(c)real rates more than nominal rates.
(d)nominal rates first, then real rates.
(e)employment more than inflation.
8.If the Aggregate Supply curve is described as a horizontal line is
simple Keynesian model in the short run, this means that:
(a)inflation will never be a problem for the economy.
(b)inflation is out of control.
(c)real GDP can change without affecting prices.
(d)fiscal policy is ineffective.
(e)monetary policy is more effective than fiscal policy.
9.Which of the following situations would you expect to see during a
period of economic expansion?
(a)Falling tax receipt.
(b)Falling corporate profit.
(c)Falling unemployment claims.
(d)Falling stock prices.
(e)All of the above.
10.Which of the following situations would you expect to see during a
period of recession?
(a)Falling tax receipt.
(b)Falling corporate profit.
(c)Falling stock prices.
(d)Falling bussiness investment.
(e)All of the above.
11.Which of the following shift short run aggregate supply right?
(a)an increase in the price level.
(b)an increase in the expected price level.
(c)an increase in the labor force or technology improvement.
(d)All of above are correct.
12.Which following expression best describes the money-supply effect.
(a)As the money-supply increase, so does inflation.
(b)As the economy grows, the central bank increase the supply of money.
(c)Aggregate demand and the money-supply are positively related.
(d)As price increase, the decline in the real money-supply will affect
aggregate demand.
(e)Money makes the world go round.
13.Which of the following will increase interest rates in the short run?
(a)an decrease in reserve requirement.
(b)open market sales by the Fed.
(c)a decrease in real GDP.
(d)a decrease in the price level.
14.If the Fed were to decrease the money supply at the same time the
government was decreasing taxes, we could expect that
(a)an increase in interest rates and real GDP.
(b)a decrease in interest rates and real GDP.
(c)a decrease in interest rate but the effecton real GDP is
indeterminable.
(d)a increase in interest rate but the effecton real GDP is
indeterminable.
15.Economsdt agree that
(a)monetary policy should actively be used to stabilize the economy.
(b)fiscal policy should actively be used to stabilize the economy.
(c)fiscal policy can be used to shift the AD curve.
(d)All of the above are correct.
16.The main function of legal required reserve ratio is:
(a)to enable the Fed to control the growth of the money supply.
(b)to make deposite payable upon demand.
(c)to increase competition among financial institutions.
(d)to make deposite safe and liquid.
(e)none of above.
17.Raising the discount rate, if effective, tend to:
(a)expand the money supply and lower interest rates.
(b)expand the money supply and raise interest rates.
(c)contract the money supply and raise interest rates.
(d)contract the money supply and lower interest rates.
(e)do none of above.
18.Which of the following would signal a move toward tighter monetary
policy?
(a)An open market purchase of government bonds.
(b)An open market sales of government bonds.
(c)a reduction in the reserve requirement on demand deposits.
(d)a reduction in discount rate.
(e)a combination of an open market sale of government bonds and a
large reduction in all reserve requirements.
19.The effectiveness of monetary po;icy in a recession will be reduce
or destroyed if:
(a)inerest rates cannot be forced down much because the level of
borrowing is highly responsive to small changes in the level of
the interest rate.
(b)the Fed finds that security prices start to go up as soon as it
begins its easy-money operations.
(c)the asset or liquidity demand for money is very low.
(d)interest rates are so low that indiniduals are indifferent
between holding money and government bonds.
(e)the value of the multiplier is very high.
20.The major instruments of monetary policy are:
(a)open market operations and discount-rate policy.
(b)open market operations and reserve-requirements policy.
(c)discount-rate policy and reserve requirements policy.
(d)open market operations, discount rate, and reserve requirement policy
(e)open market operations and the supply of gold.
PART B
1.Answer the followings:
(1)Suppose private invesment depends on government subsidy, S, in addition
to interest rate, as describe by dI/dS >0. Please determine and explain
the multiplier effect due to an increment in the subsidy, △S, assuming
both interest rate and general price stay unchanged.
(2)Take the interaction between goods and money market into account, i.e,
interest rate is now variable. How will the multiplier effect in (1)
be reduce?
(3)Assuming government expenditure is itself dependent on GDP, i.e,
G=g(y), is the multiplier effect greater than otherwise?Please use a
diagram for your analysis.
2.試回答:
(1)以商業銀行之資產負債表，說明央行於公開市場買入一億債卷，如何「逐步累積
」成貨幣乘數之信用擴充效果。
(2)試說明上述貨幣政策如何影響國民生產。
3.就我國目前經濟成長遲緩，考慮採用財政政策或貨幣政策:
(1)試列舉採取財政政策比較有利的兩種狀況。
(2)試列舉採取貨幣政策比較有利的兩種狀況。
(3)什麼狀況下，兩種政策均會失靈?
4.Answer the following:
(1)Comment:"That the average propen sity to consume declines with income
implies the subsistence consumption ecpecditure is positive."
(2)Suppose APC is declining while MPC is increasing. Draw the pictures
for both consunption and saving functions.
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※ 編輯: andy1106 來自: 218.169.117.68 (06/28 01:05)