-宏观经济学考试试卷(全英文).doc

长江大学试卷 院（系、部） 专业 班级 姓名 序号

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2013 ─2014学年 第 2 学期
《宏观经济学Macroeconomics》课程考试卷
专业：会计 年级：一 考试方式：开卷 学分：2 考试时间：110分钟
题号
一
二
三
四
五
六
七
总分
阅卷人
得分

得 分

Part Ⅰ Interpretation of Terms
( 4 terms, 5 points for each , 20 points in all )
1. GDP:

2. IS curve:

3. Open market operation:

4. Liquidity trap

得 分

Part Ⅱ Single Choice
（10 questions，2 points for each, 20 points in all ）

1. One part of the investment expenditure of the firms is to buy new capital goods and machinery for production. It is called ( )
(a)depreciation; (b)consumption ; (c)net investment ; (d)export
2. The overall supply of money is equal to central bank money times the ( )
(a) investment multiplier. (b) tax multiplier.
(c) government spending multiplier. (d) money multiplier.
3.In The General Theory, Keynes conjectured that average propensity to consume(APC) falls as ( ) rises.
(a) investment; (b)consumption; (c) income; (d)output
4.The consumption function captures the behavior of ( )
(a) consumers; (b)firms; (c)government ; (d)foreign sector
5. If we know the marginal propensity to saving is 0.3, then it means the marginal propensity to consume is ( )
(a)0.6 ; (b)0.7 ; (c)0.8 ; (d)0.9

6 If the government raises spending, the LM curve will ( )
(a) shift to the left. (b) shift to the right.
(c) not change . (d) not be certain.
7. The followings are the contents of macroeconomics excluding( ).
(a) Measuring the size of the economy. (b) IS-LM model.
(c)Cost theory. (d) the theory of national income determination.
8. The value of real GDP is based on the prices of the ( )year.
(a) base (b) current (c) base or current (d)last
9. According to the Keynesian Cross, national income is determined by ( )
(a) price level. (b) supply. (c) demand. (d) above all.
10. When the LM curve is ( ), monetary policy fails in affect interest rate and then output.
(a)upward. (b) vertical. (c)downward. (d) horizontal.
得 分

Part Ⅲ Identify the true or false questions
（10 questions，1 point for each 10 points in all）

1. A tax cut has direct impact on spending. ( )
2. When exports is larger than imports, we say the foreign trade is balance.（ ）
3. In Keynesian Cross, the government spending and investment are fixed. ( )
4. A simultaneous increase in government spending by 1 and lump-sum taxes by $1 will increase a equilibrium income by $1. ( )
5.If T(tax)>G(government spending), the government is running a budget deficit . ( )
6. Capital is greatly determined by investment. ( )
7. A higher nominal GDP of a nation means that the standard of living is better. ( )
8. Private saving is saving by government . ( )
9. National income is a measure of the total flow of earnings of the factor-owners through the production of goods & services. ( )
10. Investment is the expenditure that all the firms build plants, buy equipments and hold the stocks. ( )
得 分

Part Ⅳ Analysis
（3 questions，7 points for each, 21 points in all ）
1.  Please analyze the factors that influence the slope of LM curve

 2. Please tell us some uses of National Income Statistics.

 3. If investment is entirely unresponsive to the interest rate(I=e--dr, d=0), what is the effect of fiscal policy?Graphically.

得 分

Part Ⅴ Calculation
（3questions，9 points for question 1, 10 points for question 2 and 3, 29 points in all）
1. Let us assume that a country produced such products as the following, please calculate the real and nominal GDP in the year of 2010 and 2011. The base year is 2010. And tell us the GDP deflator of the year 2010, and 2011.

2010
2011
price
Quantity(million)
price
Quantity(million)
T-shirt
80
500
90
600
Watch
170
60
190
90
Soft -drink
6
3000
5
5000

 2. Assume that in a two-sector economy the consumption function is C=3000+0.8Y, and investment I=1000, please tell us the equilibrium income and the investment multiplier.

3. Assume that the consumption function is C=100+0.8(Y-T),and the investment function is I=300-20r, and the government purchase G=400, T=400, the money demand function is L=Md/P=0.5Y-50r, the real money supply (ms)is 1000.
1) Please calculate the LM curve and IS curve.
2) Please tell us the equilibrium income and interest rate.

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