曼昆宏观经济学36章习题.docVIP

Chapter 36 Six Debates over Macroeconomic Policy Multiple Choice Should Monetary Policy be used to try to Stabilize the Economy? 1. Fluctuations in employment and output result from changes in a. aggregate demand only. b. aggregate supply only. c. aggregate demand and aggregate supply. d. neither aggregate demand nor aggregate supply. ANS: C DIF: 1 REF: 23-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Aggregate demand MSC: Applicative 2. In the Summer of 2008, consumers indicated that they were less optimistic about the future of the economy. Such a change in sentiment is likely to a. shift aggregate demand to the right. b. increase output. c. increase unemployment. d. increase prices. ANS: C DIF: 1 REF: 23-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Stabilization policy MSC: Analytical 3. If aggregate demand shifts because of a wave of optimism about stock prices, those who favor a policy that “leans against the wind” would advocate the a. Federal Reserve increase the money supply or the government increase taxes. b. Federal Reserve increase the money supply or the government decrease taxes. c. Federal Reserve decrease the money supply or the government increase taxes. d. Federal Reserve decrease the money supply or the government decrease taxes. ANS: C DIF: 2 REF: 23-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Stabilization policy MSC: Analytical 4. Leaning against the wind is exemplified by a a. tax cut when there is a recession. b. decrease in the money supply when there is a recession. c. decrease in government expenditures when there is a recession. d. increasing money supply when there is a boom. ANS: A DIF: 1 REF: 23-1 NAT: Analytic LOC: Monetary and fiscal policy TOP: Stabilization policy MSC: Analytical 5. Leaning against the wind is exemplified by a a. tax increase when there is a recession. b. decrease in the money supply when there is an expansion. c. decrease in government expenditures when there is