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Macroeconomics Exercise 8

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Macroeconomics Exercise 8
Answer for final exam of 2010

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | b | b | b | b | b | a | e | a | a | c | d | a | a | c | b | b | d | a | b | c | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | e | d | d | e | c | b | a | b | c | c | e | e | a | d | d | b | e | a | c | d |

Part C:
Question 44
a) Answer: 与习题一Question 45(a)相同。

b) Answer: 与习题一Question 45(b)相同。

c) Answer: 请上网找资料,比较分析西方国家用哪些政策来对付金融危机,比如 “零利率”货币政策等等。

Question 45
Answer: 与习题三Question 44(a)相同。

习题集八

Part A
Multiple Choice Questions
This section consists of forty (40) questions worth a total of forty (40) marks.
Suggested time for this section is sixty (60) minutes.
Please record your answers on the examination answer sheet provided.

Question 1
The definition of the term 'long run' is based directly on: a) time. b) macroeconomic adjustment. c) the natural level of output.
d) the balance of trade.

Question 2 The underground economy is : a) a term applied to the mining industry. b) that part of the economy that is not measured in official GDP data owing to illegal activities and tax avoidance. c) the adjustment that should be made to official GDP data owing to environmental degradation. d) the opportunity cost incurred when workers are involuntarily unemployed.

Question 3
One of the most significant differences between real business cycle theory and hysteresis theory is in the: a) role of aggregate demand management. b) length of the short run. c) social costs of unemployment. d) long run response of the general level of prices to changes in the quantity of money. Question 4
In Australia, using 2000-01 as the base year, we would find that: a) nominal GDP is always larger than real GDP. b) real GDP is always larger than nominal GDP for the period 1960 to 2000. c) real

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