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教师批语
一单项选择题
试题1满分值：1.0分 状态：已答
The figure below illustrates the effect of an increased rate of money supply growth at time period T0. From the figure, one can conclude that the
Fisher effect is dominated by the liquidity effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust quickly to changes in expected inflation.
Fisher effect is smaller than the expected inflation effect and interest rates adjust quickly to changes in expected inflation.
[我的答案] Fisher effect is dominated by the liquidity effect and interest rates adjust slowly to changes in expected inflation.
试题2满分值：1.0分 状态：已答
The figure above illustrates the effect of an increased rate of money supply growth at time period T0. From the figure, one can conclude that the
Fisher effect is dominated by the liquidity effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust quickly to changes in expected inflation.
Fisher effect is smaller than the expected inflation effect and interest rates adjust quickly to changes in expected inflation.
[我的答案] Fisher effect is dominated by the liquidity effect and interest rates adjust slowly to changes in expected inflation.试题3满分值：1.0分 状态：已答
In the figure above, illustrates the effect of an increased rate of money supply growth at time period 0. From the figure, one can conclude that the
Fisher effect is dominated by the liquidity effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust slowly to changes in expected inflation.
liquidity effect is dominated by the Fisher effect and interest rates adjust quickly to changes in expected inflation.
Fisher effect is smaller than the expected inflation effect and interest rates adjust quickly to changes in expected inflation.
[我的答案] liquidity effect is dominated by the Fisher effect and interest rates adjust quickly to changes in expected inflation.
试题4满分值：1.0分 状态：已答
If the liquidity effect is smaller than the other effects, and the adjustment to expected inflation is immediate, then the
interest rate will fall.
interest rate will rise.
interest rate will fall immediately below the initial level when the money supply grows.
interest rate will rise immediately above the initial level when the money supply grows.
[我的答案] interest rate will rise immediately above the initial level when the money supply grows.
试题5满分值：1.0分 状态：已答
If the Fed wants to permanently lower interest rates, then it should raise the rate of money growth if
there is fast adjustment of expected inflation.
there is slow adjustment of expected inflation.
the liquidity effect is smaller than the expected inflation effect.
the liquidity effect is larger than the other effects.
[我的答案] the liquidity effect is larger than the other effects.
试题6满分值：1.0分 状态：已答
When the growth rate of the money supply increases, interest rates end up being permanently lower if
the liquidity effect is larger than the other effects.
there is fast adjustment of expected inflation.
there is slow adjustment of expected inflation.
the expected inflation effect is larger than the liquidity effect.
[我的答案] the liquidity effect is larger than the other effects.
试题7满分值：1.0分 状态：已答
Of the four effects on interest rates from an increase in the money supply, the one that works in the opposite direction of the other three is the
liquidity effect.income effect.
price level effect.
expected inflation effect.
[我的答案] liquidity effect.
试题8满分值：1.0分 状态：已答
Of the four effects on interest rates from an increase in the money supply, the initial effect is, generally, the
income effect.
liquidity effect.
price level effect.
expected inflation effect.
[我的答案] liquidity effect.
试题9满分值：1.0分 状态：已答
In the figure below, the decrease in the interest rate from i1 to i2 can be explained by
a decrease in money growth.
an increase in money growth.
a decline in the expected price level.
an increase in income.
[我的答案] an increase in money growth.
试题10满分值：1.0分 状态：已答
In the figure below, the decrease in the interest rate from i1 to i2 can be explained by
a decrease in money growth.
a decline in the expected price level.an increase in income.
an increase in the expected price level.
[我的答案] a decline in the expected price level.
试题11满分值：1.0分 状态：已答
When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant.
demand; decreases; fall
demand; increases; rise
supply; increases; rise
supply; decreases; fall
[我的答案] demand; decreases; fall
试题12满分值：1.0分 状态：已答
________ in the money supply creates excess ________ money, causing interest rates to ________, everything else held constant.
A decrease; demand for; rise
An increase; demand for; fall
An increase; supply of; rise
A decrease; supply of; fall
[我的答案] A decrease; demand for; rise
试题13满分值：1.0分 状态：已答
When the Fed decreases the money stock, the money supply curve shifts to the ________ and the interest rate ________, everything else held constant.
right; rises
right; falls
left; falls
left; rises
[我的答案] left; rises
试题14满分值：1.0分 状态：已答
When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant.
demand; decreases; fall
demand; increases; rise
supply; increases; rise
supply; decreases; fall
[我的答案] demand; decreases; fall
试题15满分值：1.0分 状态：已答
When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else held constant.
falls; left; falls
rises; right; falls
falls; left; risesrises; right; rises
[我的答案] rises; right; rises
试题16满分值：1.0分 状态：未答
A business cycle expansion increases income, causing money demand to ________ and interest rates to ________, everything else held constant.
increase; increase
increase; decrease
decrease; decrease
decrease; increase
[我的答案]
试题17满分值：1.0分 状态：已答
A lower level of income causes the demand for money to ________ and the interest rate to ________, everything else held constant.
decrease; decrease
decrease; increase
increase; decrease
increase; increase
[我的答案] decrease; decrease
试题18满分值：1.0分 状态：已答
In the market for money, an interest rate below equilibrium results in an excess ________ money and the interest rate will ________.
demand for; rise
demand for; fall
supply of; fall
supply of; rise
[我的答案] demand for; rise
试题19满分值：1.0分 状态：已答
If there is an excess supply of money
individuals sell bonds, causing the interest rate to rise.
individuals sell bonds, causing the interest rate to fall.
individuals buy bonds, causing interest rates to fall.
individuals buy bonds, causing interest rates to rise.
[我的答案] individuals buy bonds, causing interest rates to fall.
试题20满分值：1.0分 状态：已答
The opportunity cost of holding money is
the level of income.
the price level.
the interest rate.
the discount rate.
[我的答案] the interest rate.试题21满分值：1.0分 状态：已答
In his Liquidity Preference Framework, Keynes assumed that money has a zero rate of return; thus,
when interest rates rise, the expected return on money falls relative to the expected return on bonds, causing the demand for money to fall. when interest rates rise, the expected return on money falls relative to the expected return on bonds, causing the demand for money to rise. when interest rates fall, the expected return on money falls relative to the expected return on bonds, causing the demand for money to fall. when interest rates fall, the expected return on money falls relative to the expected return on bonds, causing the demand for money to rise.
[我的答案] when interest rates fall, the expected return on money falls relative to the expected return on bonds, causing the demand for money to fall.
试题22满分值：1.0分 状态：已答
The bond supply and demand framework is easier to use when analyzing the effects of changes in ________, while the liquidity preference framework provides a simpler analysis of the effects from changes in income, the price level, and the supply of ________.
expected inflation; bonds
expected inflation; money
government budget deficits; bonds
government budget deficits; money
[我的答案] expected inflation; money
试题23满分值：1.0分 状态：已答
In Keynes’s liquidity preference framework, if there is excess demand for money, there is
excess demand for bonds.
equilibrium in the bond market.
excess supply of bonds.
too much money.
[我的答案] excess supply of bonds.
试题24满分值：1.0分 状态：已答
In Keynes’s liquidity preference framework, individuals are assumed to hold their wealth in two forms:
real assets and financial assets.
stocks and bonds.
money and bonds.
money and gold.
[我的答案] money and bonds.
试题25满分值：1.0分 状态：已答
In the figure below, a factor that could cause the demand for bonds to shift to the right is:
an increase in the riskiness of bonds relative to other assets.
an increase in the expected rate of inflation.
expectations of lower interest rates in the future.
a decrease in wealth.
[我的答案] expectations of lower interest rates in the future.
试题26满分值：1.0分 状态：已答
In the figure above, the price of bonds would fall from P1 to P2
inflation is expected to increase in the future.
interest rates are expected to fall in the future.
the expected return on bonds relative to other assets is expected to increase in the future.
the riskiness of bonds falls relative to other assets.
[我的答案] inflation is expected to increase in the future.
试题27满分值：1.0分 状态：已答In the figure above, a factor that could cause the supply of bonds to shift to the right is:
a decrease in government budget deficits.
a decrease in expected inflation.
a recession.
a business cycle expansion.
[我的答案] a business cycle expansion.
试题28满分值：1.0分 状态：已答
If brokerage commissions on stocks fall, everything else held constant, the demand for bonds ________, the price of bonds ________, and the interest rate ________.
decreases; decreases; increases
decreases; decreases; decreases
increases; decreases; increases
increases; increases; increases
[我的答案] decreases; decreases; increases
试题29满分值：1.0分 状态：已答
If stock prices are expected to climb next year, everything else held constant, the ________ curve for bonds shifts
________ and the interest rate ________.
demand; left; rises
demand; right; rises
demand; left; falls
supply; left; rises
[我的答案] demand; left; rises
试题30满分值：1.0分 状态：已答
Everything else held constant, when real estate prices are expected to decrease
the demand curve for bonds shifts to the left and the interest rate rises.
the demand curve for bonds shifts to the left and the interest rate falls.
the demand curve for bonds shifts to the right and the interest rate falls.
the supply curve for bonds shifts to the right and the interest rate falls.
[我的答案] the demand curve for bonds shifts to the right and the interest rate falls.试题31满分值：1.0分 状态：已答
If people expect real estate prices to increase significantly, the ________ curve for bonds will shift to the ________, everything else held constant.
demand; right
demand; left
supply; left
supply; right
[我的答案] demand; left
试题32满分值：1.0分 状态：已答
A decrease in the brokerage commissions in the housing market from 6% to 5% of the sales price will shift the ________ curve for bonds to the ________, everything else held constant.
demand; right
demand; left
supply; right
supply; left
[我的答案] demand; left
试题33满分值：1.0分 状态：已答
The interest rate falls when either the demand for bonds ________ or the supply of bonds ________.
increases; increases
increases; decreases
decreases; decreases
decreases; increases
[我的答案] increases; decreases
试题34满分值：1.0分 状态：已答
In the 1990s Japan had the lowest interest rates in the world due to a combination of
inflation and recession.
deflation and expansion.
inflation and expansion.
deflation and recession.
[我的答案] deflation and recession.
试题35满分值：1.0分 状态：已答
When an economy grows out of a recession, normally the demand for bonds ________ and the supply of bonds
________, everything else held constant.
increases; increases
increases; decreases
decreases; decreases
decreases; increases
[我的答案] decreases; decreases
试题36满分值：1.0分 状态：已答Everything else held constant, during a business cycle expansion, the supply of bonds shifts to the ________ as businesses perceive more profitable investment opportunities, while the demand for bonds shifts to the ________ as a result of the increase in wealth generated by the economic expansion.
right; left
right; right
left; left
left; right
[我的答案] right; right
试题37满分值：1.0分 状态：已答
Everything else held constant, when the inflation rate is expected to rise, interest rates will ________; this result has been termed the ________.
fall; Keynes effect
fall; Fisher effect
rise; Keynes effect
rise; Fisher effect
[我的答案] rise; Fisher effect
试题38满分值：1.0分 状态：已答
When the inflation rate is expected to increase, the ________ for bonds falls, while the ________ curve shifts to the right, everything else held constant.
demand; demand
demand; supply
supply; demand
supply; supply
[我的答案] demand; supply
试题39满分值：1.0分 状态：已答
Higher government deficits ________ the supply of bonds and shift the supply curve to the ________, everything else held constant.
increase; left
increase; right
decrease; left
decrease; right
[我的答案] increase; right
试题40满分值：1.0分 状态：已答
When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held constant.
increases; increases
increases; decreases
decreases; increases
decreases; decreases
[我的答案] decreases; increases
试题41满分值：1.0分 状态：已答During a recession, the supply of bonds ________ and the supply curve shifts to the ________, everything else held constant.
increases; left
increases; right
decreases; left
decreases; right
[我的答案] decreases; left
试题42满分值：1.0分 状态：已答
The reduction of brokerage commissions for trading common stocks that occurred in 1975 caused the demand for bonds to ________ and the demand curve to shift to the ________.
fall; right
fall, left
rise; right
rise; left
[我的答案] fall, left
试题43满分值：1.0分 状态：已答
Everything else held constant, an increase in the liquidity of bonds results in a ________ in demand for bonds and the demand curve shifts to the ________.
rise; right
rise; left
fall; right
fall; left
[我的答案] rise; right
试题44满分值：1.0分 状态：已答
Everything else held constant, when stock prices become less volatile, the demand curve for bonds shifts to the ________ and the interest rate ________.
right; rises
right; falls
left; falls
left; rises
[我的答案] left; rises
试题45满分值：1.0分 状态：已答
Everything else held constant, an increase in expected inflation, lowers the expected return on ________ compared to
________ assets.
bonds; financial
bonds; real
physical; financial
physical; real
[我的答案] bonds; real
试题46满分值：1.0分 状态：已答Everything else held constant, if interest rates are expected to fall in the future, the demand for long-term bonds today
________ and the demand curve shifts to the ________.
rises; right
rises; left
falls; right
falls; left
[我的答案] rises; right
试题47满分值：1.0分 状态：已答
During business cycle expansions when income and wealth are rising, the demand for bonds ________ and the demand curve shifts to the ________, everything else held constant.
falls; right
falls; left
rises; right
rises; left
[我的答案] rises; right
试题48满分值：1.0分 状态：已答
A movement along the bond demand or supply curve occurs when ________ changes.
bond price
income
wealth
expected return
[我的答案] bond price
试题49满分值：1.0分 状态：已答
A situation in which the quantity of bonds supplied exceeds the quantity of bonds demanded is called a condition of excess supply; because people want to sell ________ bonds than others want to buy, the price of bonds will ________.
fewer; fall
fewer; rise
more; fall
more; rise
[我的答案] more; fall
试题50满分值：1.0分 状态：已答
When the interest rate on a bond is above the equilibrium interest rate, in the bond market there is excess ________ and the interest rate will ________.
demand; rise
demand; fall
supply; fall
supply; rise
[我的答案] demand; fall
试题51满分值：1.0分 状态：已答
When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________.
demand for; rise
demand for; fall
supply of; fall
supply of; rise
[我的答案] supply of; fall
试题52满分值：1.0分 状态：已答
The supply curve for bonds has the usual upward slope, indicating that as the price ________, ceteris paribus, the ________ increases.
falls; supply
falls; quantity supplied
rises; supply
rises; quantity supplied
[我的答案] rises; quantity supplied
试题53满分值：1.0分 状态：已答
In the bond market, the bond demanders are the ________ and the bond suppliers are the ________.
lenders; borrowers
lenders; advancers
borrowers; lenders
borrowers; advancers
[我的答案] lenders; borrowers
试题54满分值：1.0分 状态：已答
Holding everything else constant,
if asset A's risk rises relative to that of alternative assets, the demand will increase for asset A.
the more liquid is asset A, relative to alternative assets, the greater will be the demand for asset A.
the lower the expected return to asset A relative to alternative assets, the greater will be the demand for asset A.
if wealth increases, demand for asset A increases and demand for alternative assets decreases.
[我的答案] the more liquid is asset A, relative to alternative assets, the greater will be the demand for asset A.
试题55满分值：1.0分 状态：已答
You would be more willing to buy ATt bonds (holding everything else constant) if
the brokerage commissions on bond sales become cheaper.
interest rates are expected to rise.
your wealth has decreased.
you expect diamonds to appreciate in value.
[我的答案] the brokerage commissions on bond sales become cheaper.
试题56满分值：1.0分 状态：已答
The demand for silver decreases, other things equal, when
the gold market is expected to boom.
the market for silver becomes more liquid.
wealth grows rapidly.
interest rates are expected to rise.
[我的答案] the gold market is expected to boom.If gold becomes acceptable as a medium of exchange, the demand for gold will ________ and the demand for bonds will ________, everything else held constant.
decrease; decrease
decrease; increase
increase; increase
increase; decrease
[我的答案] increase; decrease
试题58满分值：1.0分 状态：已答
If the price of gold becomes less volatile, then, other things equal, the demand for stocks will ________ and the demand for antiques will ________.
increase; increase
increase; decrease
decrease; decrease
decrease; increase
[我的答案] decrease; decrease
试题59满分值：1.0分 状态：已答
An increase in the expected rate of inflation will ________ the expected return on bonds relative to the that on ________ assets, everything else held constant.
reduce; financial
reduce; real
raise; financial
raise; real
[我的答案] reduce; real
试题60满分值：1.0分 状态：已答
Everything else held constant, if the expected return on RST stock declines from 12 to 9 percent and the expected return on XYZ stock declines from 8 to 7 percent, then the expected return of holding RST stock ________ relative to XYZ stock and demand for XYZ stock ________.
rises; rises
rises; falls
falls; rises
falls; falls
[我的答案] falls; rises
试题61满分值：1.0分 状态：已答
If housing prices are expected to increase, then, other things equal, the demand for houses will ________ and that of Treasury bills will ________.
increase; increase
increase; decrease
decrease; decrease
decrease; increase
[我的答案] increase; decreaseEverything else held constant, if the expected return on ABC stock rises from 5 to 10 percent and the expected return on CBS stock is unchanged, then the expected return of holding CBS stock ________ relative to ABC stock and the demand for CBS stock ________.
rises; rises
rises; falls
falls; rises
falls; falls
[我的答案] falls; falls
试题63满分值：1.0分 状态：已答
Everything else held constant, a decrease in wealth
increases the demand for stocks.
increases the demand for bonds.
reduces the demand for silver.
increases the demand for gold.
[我的答案] reduces the demand for silver.
试题满分值：1.0分 状态：已答
Of the four factors that influence asset demand, which factor will cause the demand for all assets to increase when it increases, everything else held constant?
wealth
expected returns
risk
liquidity
[我的答案] wealth下载本文
