97年國立中山大學經濟學研究所經濟學線上測驗

1.: To qualify as money, a commodity
(A): must have a value in exchange greater than its intrinsic value.
(B): must have an intrinsic value greater than its value in exchange.
(C): may have a value in exchange either equal to or greater than its intrinsic value.
(D): may have a value in exchange either equal to or greater than its intrinsic value.

3.: The distinction between a debtor nation and a net borrower or between a creditor nation
and a net lender depends on the
(A): distinction between the stock of borrowing or lending and current borrowing or
lending.
(B): distinction between domestic savings and investment in other countries.
(C): domestic monetary base of fiat currency countries and that of commodity currency
countries.
(D): resolution of deficits and surpluses in international accounts through the use of
official and nonofficial reserves by the central bank.

5.: Property rights are
(A): the rights to use money in exchange for goods and services.
(B): rights that do not include the right to own financial assets.
(C): rights that include the right to own financial, but not physical assets.
(D): social arrangements that govern the ownership, use and disposal of goods and
factors of production.

6.: Because of an increase in expected future profit, investment increases by 500 million.
In the short run, which condition increases the effects of this change on equilibrium
real GDP?
(A): A flatter short-run aggregate supply curve.
(B): A steeper short-run aggregate supply curve.
(C): A small value for the marginal propensity to consume.
(D): The presence of income taxes.

7.: A drop in the price level causes
(A): the aggregate expenditure curve to shift downward and produces movement along
the aggregate demand curve.
(B): the aggregate expenditure to shift upward and the aggregate demand curve to shift
rightward.
(C): the aggregate expenditure to shift upward and movement along the aggregate
demand curve.
(D): movement along both the aggregate expenditure curve and the aggregate demand
curve.

8.: One feature of ration expectation theory is that
(A): forecasts of the inflation rate will never be wrong if all available information is
used.
(B): the forecast error is zero.
(C): the expected absolute value of the forecast error is zero.
(D): rational expectations are correct on average.

9.: Critics of the real business cycle model argue that
(A): the impulse for a business cycle is technological change.
(B): investment spending is very strongly related to the real interest rate.
(C): investment spending is only weakly related to the real interest rate.
(D): labor supply is very strongly related to the real interest rate.
(E): labor supply is only strongly weakly related to the real interest rate.

10.: Neoclassical growth theory asserts that
(A): technological progress is determined by investment.
(B): technological progress is determined by saving.
(C): technological progress is exogenous and a pure change event.
(D): population growth does not respond to any economic forces.
(E): population growth rises with real wages.
(F): both population growth and technological progress respond to economic incentives.

11.: Which statement(s) of the following is (are) correct?
(A): The monetary base comprises currencies in circulation and commercial bank’s
deposits at the central bank.
(B): Required reserves are not a part of the monetary base
(C): Gold holdings and governmental deposits at the central bank are a part of the
monetary base.
(D): The monetary base represents the quantity of money circulating in the economy.
(E): The monetary base represents the system’s potential for money supply expansion.

12.: One reason/Reasons that the aggregate demand curve has a negative slope is/are
because
(A): people buy more goods in the future when the price level rises.
(B): people buy more foreign goods when the domestic price level rises.
(C): firms supply more when prices rise.
(D): nominal interest rates vary with the price level.
(E): nominal cash balances vary with the price level.

模擬測驗