一、名词解释(每小题3分,共15分) 1、国内生产净值 2.有效需求: 3.财政政策: 4.边际消费倾向: 5.通货膨胀:

目录 1.国内生产总值(GDP) 2.支出法计算GDP 3.收入法计算GDP 4.GNP和其他数据 5.消费物价指数(CPI) 6.失业率 7.存量与流量 8.本章小结

EC并NOM|CS U.S. Net Exports Turned Sharply Negative in 1980S

Inflation, Unemployment, and the Phillips Curve Phillips Curve: relationship between inflation and unemployment A..Phillips (1958) \The relationship between unemployment and the rate of change of money wages in the united kingdom, 1861- 1957,\ Economica 25

Government Debt Scale of govern. debt Is budget deficit correctly measured? Traditional view of govern. Debt Ricardian equivalence Other possible effects of govern. debt

Effects of Policies on Real Ex--rate 1. Home fiscal policy (expansionary) →S→(S-)↓ → Domestic currency invested abroad↓ Domestic currency appreciates → Nominal ex--rate↑ → Real ex--rate↑(if prices do not change) Domestic goods become more expensive → Exports↓& imports↑

Interest-Rate Differentials Country risk&ex -rate- expectations Country risk Political upheaval default on loan repayments higher i-rate to compensate Ex-rate expectations expect RMB to appreciate loans in RMB can pay a lower i-rate

Topics 4 questions from before HW#1 Unemployment Natural rate of unemployment reasons for unemployment Frictional unemployment Wait unemployment Patterns of unemployment

How the sr and lr differ In the Lr, prices are flexible and can respond to changes in S or D. In the Sr many prices are stuck at some predetermined level In the sr, monetary policy does have a potent effect on output and employment

Questions from Last Lecture Demand for money↑ =)=l ,Y) ↑ while fixed →l(r,y: hold& to balance the pressure ofd↑; hold,↑ to balance