普格尔《国际贸易（第17版）》 英文题库Pugel17e_Chapter25_TB_AnswerKey.docxVIP

PAGE 1 Copyright 2020 ? McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. International Economics, 17e (Pugel) Chapter 25 National and Global Choices: Floating Rates and the Alternatives 1) Which of the following is most likely to happen if the demand for money decreases in the domestic economy under floating exchange rates and free capital mobility? A) The domestic interest rate will increase. B) Domestic borrowing will decline. C) The financial account of the countrys balance of payments will deteriorate. D) The average price level in the domestic economy will decrease. Answer: C Difficulty: 2 Medium Topic: Key Issues in the Choice of Exchange-Rate Policy Blooms: Understand AACSB: Reflective Thinking Accessibility: Keyboard Navigation 2) Monetary policy is most effective in influencing aggregate demand A) under a freely floating exchange-rate system. B) under a fixed exchange-rate system with sterilization. C) under a fixed exchange-rate system without sterilization. D) when there is low capital mobility. Answer: A Difficulty: 1 Easy Topic: Key Issues in the Choice of Exchange-Rate Policy Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 3) Fiscal policy is most effective in influencing aggregate demand A) under a floating exchange-rate system with a low degree of capital mobility. B) under a fixed exchange-rate system with sterilization. C) under a fixed exchange-rate system without sterilization. D) under a floating exchange-rate system with a high degree of capital mobility. Answer: A Difficulty: 1 Easy Topic: Key Issues in the Choice of Exchange-Rate Policy Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 4) Those who advocate a return to a real gold standard believe that doing so would A) force countries to pursue sustainable fiscal policies. B) allow countries to earn a higher rate of ?intere