海南大学2007-08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.Explain the difference between macroeconomics and microeconomics.How are these two fields related? 2.What is a market-clearing model?When is the assumption of market clearing appropriate? 3.Look at the newspapers for the past few days.What new economic statisties have been released?How do you interpret these statistics? 4.Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: a.A wave of immigration increases the labor force. b.An earthquake destroys some of the capital stock
海南大学 2007-08 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.Explain the difference between macroeconomics and microeconomics.How are these two fields related? 2.What is a market-clearing model?When is the assumption of market clearing appropriate? 3. Look at the newspapers for the past few days. What new economic statistics have been released? How do you interpret these statistics? 4. Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: a.A wave of immigration increases the labor force. b.An earthquake destroys some of the capital stock
c.A technological advance improves the production function. 5.List all the costs of inflation you can think of,and rank them according to how important you think they are. 6.What are the three functions of money?Which of the functions do the following s satisfy?Which do they not satisfy? a.A credit card b.A painting by Rembrandt c.A subway token
c.A technological advance improves the production function. 5.List all the costs of inflation you can think of, and rank them according to how important you think they are. 6.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
7.During World War I,both Germany and England had plans for a pape weapon:they each printed the other's currency,with the intention of dropping large quantities by airplane.Why might this have been an effective weapon? 8.Describe the evidence that was consistent with Keynes's conjectures and the evidence that was inconsistent with them. 9.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? 10.List four reasons firms might hold inventories
7.During World War II,both Germany and England had plans for a paper weapon: they each printed the other’s currency,with the intention of dropping large quantities by airplane. Why might this have been an effective weapon? 8.Describe the evidence that was consistent with Keynes’s conjectures and the evidence that was inconsistent with them. 9.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? 10. List four reasons firms might hold inventories