国际经济学知识点考试复习题库.docx

InternationalEconomics,8e(Krugman)Chapter18TheInternationalMonetarySystem,1870-197318.1 MacroeconomicPolicyGoalsinanOpenEconomy1) Undertheprice-specie-flowmechanism,whathappenswhensayGermany'scurrentaccountsurplusisgreaterthanitsnon-reservecapitalaccountdefidts?A) Germanloanswillfinanceallforeignnetimports.B) AutomaticdropinGermandomesticpricesandriseinforeignprices.C) GoldreserveswillflowintoGermany.D) GoldreserveswillflowoutofGermany.E) Noneoftheabove.Answer:CQuestionStatus:PreviousEdition2) The"rulesofthegame"underthegoldstandardcanbestbedescribedaswhichofthefollowing:A) sellingdomesticassetsinadeficitandbuyingassetsinasurplus.B) slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandard.C) sellingdomesticassetsinordertoaccumulategold.D) sellingforeignassetsinadeficitandbuyingforeignassetsinasurplus.E) Noneoftheabove.Answer:AQuestionStatus:PreviousEdition3) Acountryseekingtomaintaininternalbalancewouldbemostconcernedwith:A) attaininglowlevelsofunemployment.B) ensuringthatsavingsisweightedmoretowardsdomesticinvestmentthanthecurrentaccount.C) largefluctuationsinoutput.D) anadequatestockofgoldreserves.E) Noneoftheabove.Answer:CQuestionStatus:PreviousEdition4) Byinternalbalance,mosteconomistsmeanA) fullemployment.B) pricestability.C) fullemploymentandpricestability.D) fullemploymentandmoderateincreaseinprices.E) Noneoftheabove.Answer:CQuestionStatus：PreviousEdition5) Byexternalbalance,mosteconomistsmeans,A) avoidingexcessiveimbalancesininternationalpayments.B) balancebetweenexportsandimports.C) balancebetweentradeaccountandserviceaccount.D) fixedexchangerate.E) Noneoftheabove.Answer:AQuestionStatus:PreviousEdition6) Whichoneofthefollowingstatementsistrue?A) Inflationbutnotdeflationcanoccurevenunderconditionsoffullemployment.B) DeflationbutnotinflationcanoccurevenunderconditionsoffullemploymentC) Inflationordeflationcanoccurevenunderconditionsoffullemployment.D) Inflationcanoccurevenunderconditionsoffullemploymentonlyinthelongrun.E) Noneoftheabove.Answer:CQuestionStatus:PreviousEdition7) InflationcanoccurevenunderconditionsoffullemploymentA) onlyifthecentralbankcontinuestoinjectmoneyintotheeconomyandtheagents'expectationsofinflationaresupportedbythebank'sactivities.B) onlyifthecentralbankcontinuestoinjectmoneyintotheeconomy.C) onlyifthecentralbankcontinuestowithdrawmoneyfromtheeconomy.D) onlyifthecentralbankcontinuestoinjectmoneyintotheeconomyandallagentsexpectthatinflationwillnotoccur.E) Alloftheabove.Answer:AQuestionStatus:PreviousEdition8) AsuddenincreaseintheU.S.pricelevelA) makesthosewithdollardebtsworseoff.B) makesthosewithdollardebtsbettero仔.C) donotaffectthoseW让hdollardebts.D) makesthosewithDMdebtbetteroff.E) Noneoftheabove.Answer:BQuestionStatus:PreviousEdition9) AsuddenincreaseintheU.S.pricelevelA) makescreditorsindollarsbetteroff.B) makescreditorsindollarsworseoff.C) donotaffectcreditorsindollars.D) makescreditorsinDMworseoff.E) Noneoftheabove.Answer:BQuestionStatus：PreviousEdition10) AsuddendecreaseintheU.S.pricelevelA) makesthosewithdollardebtsworseoff.B) makesthosewithdollardebtsbetteroff.C) donotaffectthosewithdollardebts.D) makesthosewithDMworseoff.E) Noneoftheabove.Answer:AQuestionStatus:PreviousEdition11) AsuddendecreaseintheU.S.pricelevelA) makesCred让OrSindollarsbetteroff.B) makescreditorsindollarsworseoff.C) donotaffectcreditorsindollars.D) makescreditorsinDMbetteroff.E) Noneoftheabove.Answer:AQuestionStatus:PreviousEdition12) AcurrentaccountsurplusA) posesaproblemifdomesticsavingsarebeinginvestedmoreprofitablyabroadthantheywouldbeathome.B) mayposenoproblemifdomesticsavingsarebeinginvestedmoreprofitablyabroadthantheywouldbeathome.C) mayposenoproblemifdomesticsavingsarebeinginvestedlessprofitablyabroadthantheywouldbeathome.D) thereisnorelationbetweencurrentaccountsurplusandbetweensavingsandinvestment.E) Noneoftheabove.Answer:BQuestionStatus:PreviousEdition13) AcurrentaccountdeficitA) willnotposeaproblem,especiallyifitisaccompaniedbyanexpansionaryfiscalpolicy.B) mayposenoproblemiftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojectsthatpayforthemselveswiththerevenuetheygenerateinthefuture.C) maystillposeaproblem,eveniftheborrowedfundsarechanneledintoproductivedomesticinvestmentprojects.D) Thereisnorelationbetweencurrentaccountsurplusandbetweensavingsandinvestment.E) Noneoftheabove.Answer:BQuestionStatus:PreviousEdition14) Whichoneofthefollowingstatementsistrue?A) Countrieswithstronginvestmentopportunitiesshouldinvestlittleathomeandchanneltheirsavingsintomoreproductiveinvestmentactivityabroad.B) Countrieswithweakinvestmentopportunitiesshouldinvestlittleathomeandchanneltheirsavingsintomoreproductiveinvestmentactivityabroad.C) Countrieswithweakinvestmentopportunitiesshouldinvestmoreathome.D) Countrieswithweakinvestmentopportunitiesshouldinvestlittleabr