According to the argument of Keynesian school, the concept so-called “liquidity trap”
means (2%)
IS curve is horizontal
IS curve is vertical
LM curve is horizontal
LM curve is vertical.
When facing the problem of “liquidity trap”, which of the following policy would be
more effective in stimulating the domestic economy? __________ (2%)
Expansionary Fiscal policy
Expansionary monetary policy
Low interest rate policy
None of the above.
Assumed New Taiwan Dollar (NTD) is expected to have a dramatic “Appreciation”.
Theoretically, this would lead to the inflow of international “hot money”. As for
Taiwan’s foreign exchange rate market,_______________ (2%)
Supply curve will shift to the right
Supply curve will shift to the left
Demand curve will shift to the right
Demand curve will shift to the left
Both supply and demand curve remain steadfast.
Under the pure floating exchange rates. _________(2%)
The rate will always be equal to the intersection of supply and demand for foreign
exchange
Central bank intervention in foreign exchange markets is required
Financial or capital account in the BOP account should always be zero
The exchange rate of RMB(人民幣)is considered to be classified in the pure
floating exchange rate regime
None of the above.
As we know, Council for Economic Planning and Development(經建會)regularly
announces the light signals based on monitoring indicator for Taiwan economy. During
the recent 2008 global financial crisis, Taiwan has suffered from a long period of
recession owing to the dramatic decline in exports. According to the latest official
release in November, 2009, the light signal color was declared as yellow-red, which
means that Taiwan economy, for that time, was__________ (2%)
Remaining under recession
Only just recovering from the recession
Possibly or about to be overheated
Already overheated.
The world as a whole runs a large current account deficit. This would possibly caused
by_____________ (2%)
Unreported asset purchases
Misreporting of central bank gold purchases
Central banks efforts to stabilize exchange rates
Undervaluation of exports
None of the above.
Which of the following currency have the “smallest” absolute value of currency
nowadays?_________ (2%)
NTD
Baht
Korea Won
Japanese Yen
Philippine Peso
To “accommodate” an expansionary fiscal policy, the monetary authorities should___________
the money supply in order to hold _____________constant. (2%)
Expand, The interest rate
Expand, Real income
Contract, The interest rate
Contract, Real income.
If Taiwan exports computer to U.S. in exchange for wheat. In Taiwan, this will lead to__________
(2%)
A current account deficit
A current account surplus
No change in the current account
capital account surplus.
Consider a Keynesian small open economy under fixed exchange rate regime. An
unilateral transfer of income from the foreign country would lead to_________ (2%)
An improvement in home country’s trade balance
Decreased trade volume
Decreases in home country’s private saving
A fall in home country’s current account
None of the above.
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