herborist米什金 货币金融学 英文版习题答案chapter 21英文习题

2021年1月22日发(作者：冰糖湘莲)

Economics of Money, Banking, and Financial Markets, 11e, Global Edition
(Mishkin)
Chapter 21


The IS Curve

21.1


Planned Expenditure and Aggregate Demand

1) His analysis started with the recognition that the total quantity demanded of an economy's
output was the sum of four types of spending: consumer expenditure, planned investment
spending, government spending, and net exports.
A) John Maynard Keynes
B) Sir John Hicks
C) Milton Friedman
D) Paul A. Samuelson
Answer:

A
AACSB:

Reflective Thinking

2) Keynes's motivation in developing the aggregate output determination model stemmed from
his concern with explaining
A) the hyperinflations of the 1920s.
B) why the Great Depression occurred.
C) the high unemployment in Great Britain before World War I.
D) the high unemployment in Great Britain after World War II.
Answer:

B
AACSB:

Reflective Thinking

3) Keynes was especially interested in explaining movements of ________ because he wanted to
explain why the Great Depression had occurred and how government policy could be used to
increase ________ in a similar economic situation.
A) aggregate output; wages
B) aggregate output; employment
C) wage rates; wages
D) wage rates; employment
Answer:

B
AACSB:

Reflective Thinking

4) Keynes was especially concerned with explaining the
A) recession of 1920-21.
B) low levels of output and employment during the Great Depression.
C) strong economic growth of the 1920s.
D) high unemployment in Great Britain during the 1920s.
Answer:

B
AACSB:

Reflective Thinking

5) Keynes was especially concerned with explaining the ________ level of output and
employment during the ________.
A) low; 1920s
B) low; 1930s
C) high; 1920s
D) high; 1930s
Answer:

B
AACSB:

Reflective Thinking

6) In the simple Keynesian model, equilibrium aggregate output is determined by
A) aggregate demand.
B) aggregate supply.
C) the national demand for labor.
D) the price level.
Answer:

A
AACSB:

Reflective Thinking

7) Under Keynesian analysis, aggregate demand can be written as
A) Y
ad

= C + I + G + NX.
B) Y
ad

= C + I + G - NX.
C) Y
ad

= C - I - G - NX.
D) Y
ad
= C + I - G - NX.
Answer:

A
AACSB:

Reflective Thinking

21.2


The Components of Aggregate Demand

1) Keynes reasoned that consumer expenditure is most closely related to
A) the level of interest rates.
B) the price level.
C) disposable income.
D) the marginal tax rate.
Answer:

C
AACSB:

Reflective Thinking

2) In the Keynesian model of income determination, consumer expenditure includes spending by
A) consumers on personal computers.
B) businesses on personal computers.
C) governments on personal computers.
D) foreigners on domestic personal computers.
Answer:

A
AACSB:

Reflective Thinking