海南大学2006-07学年度第2学期试卷 科目：《宏观经济学》试题(B卷) 姓名： 学号： 学院： 专业班级： Please answer the Questions(每题10分，共同100分) 1.Consider how each of the following events is likely to affect real GDP.Do you think the change in real GDPreflects a similar change in economic well-being? sh c.Increased hostility between unions and management sparks a rash of strikes. d.Firms throughout the economy experience falling demand,causing them to lay off workers. sses new e avironmental laws that prohibit firms from using production methoc f.More high-school students drop out of school to take jobs mowing lawns. g.Fathers around the country reduce their workweeks to spend more time with their children
海南大学 2006-07 学年度第 2 学期试卷 科目：《宏观经济学》试题(B 卷) 姓名： 学 号： 学院： 专业班级： Please answer the Questions（每题 10 分，共同 100 分） 1. Consider how each of the following events is likely to affect real GDP.Do you think the change in real GDP reflects a similar change in economic well-being? a.A hurricane in Florida forces Disney World to shut down for a month. b.The discovery of a new,easy-to-grow strain of wheat increases farm harvests. c.Increased hostility between unions and management sparks a rash of strikes. d. Firms throughout the economy experience falling demand,causing them to lay off workers. e. Congress passes new environmental laws that prohibit firms from using production methods that emit large quantities of pollution. f. More high-school students drop out of school to take jobs mowing lawns. g. Fathers around the country reduce their workweeks to spend more time with their children
2.Explain the difference between government purchases and transfer payments Give two examples of each. 3.What are the three functions of money?Which of the functions do the following items satisfy?Which do they not satisfy? a.A credit card b.A painting by Rembrandt c.A subway token 4.Describe the difference between frictional unemployment and structual unemployment
2.Explain the difference between government purchases and transfer payments. Give two examples of each. 3.What are the three functions of money? Which of the functions do the following items satisfy? Which do they not satisfy? a.A credit card b.A painting by Rembrandt c.A subway token 4.Describe the difference between frictional unemployment and structual unemployment
5.The 1983 Economic Report of the President contained the following statement: "Devoting a larger share of national output to investment would help restore ity growth and rising living standards."Do you agree with this 6.List three policy rules that the Fed might follow.Which of these would you advocate?Why?
5.The 1983 Economic Report of the President contained the following statement: “Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards.’’ Do you agree with this claim? Explain. 6.List three policy rules that the Fed might follow. Which of these would you advocate? Why?
7.The cyclically adjusted budget deficit is the budget deficit corrected for the effects of the business cycle.In other words,it is the budget deficit that the government would be running if unemployment were at the natural rate.(It is ocalled the fall-emplyme ome economi nists have proposed the rule that the cyclically adjusted budget deficit always be balanced.Compare this proposal to a strict balanced-budget rule.Which is preferable?What problems do you see with the rule requiring a balanced cyclically adjusted budget? 8.One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children.What might this finding imply about the reason the elderly do not dissave as much as the life-cycle model predicts?
7.The cyclically adjusted budget deficit is the budget deficit corrected for the effects of the business cycle. In other words,it is the budget deficit that the government would be running if unemployment were at the natural rate.(It is also called the full-employment budget deficit.)Some economists have proposed the rule that the cyclically adjusted budget deficit always be balanced.Compare this proposal to a strict balanced-budget rule.Which is preferable?What problems do you see with the rule requiring a balanced cyclically adjusted budget? 8.One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children.What might this finding imply about the reason the elderly do not dissave as much as the life-cycle model predicts?
9Explain different between portfolio and transctions theories of money demand. 10.What are the four central disagreements in the debate over real business cycle theory?
9 Explain different between portfolio and transctions theories of money demand. 10.What are the four central disagreements in the debate over real business cycle theory?