Q1. Which of the following statements is most accurate regarding monetarists? Monetarists believe that:
A) discretionary monetary policy is the best way to moderate fluctuations in prices and output. B) steady, predictable money growth is the best monetary policy. C) fiscal policy is the most powerful of all government tools used to affect prices and output.
Q2. Monetarists believe that: A) shifts in aggregate demand arise from changes in expectations. B) monetary policy has a significant impact on aggregate demand. C) discretionary monetary policy should be used to stabilize the economy.
Q3. At a recent symposium, “The Great Economic Debate of the Decade” several panelists were asked to state their opinions on aggregate demand and aggregate supply. Panelist 1 stated that he believed shifts in both aggregate demand and aggregate supply were driven primarily by changes in technology over time. Panelist 2 stated that she believed the focus of economic policy should be to directly increase aggregate demand by increasing the money supply or through fiscal policy. The views of Panelist 1 and Panelist 2 would best be described as which economic school of thought? Panelist 1 Panelist 2
A) Supply side Monetarist B) Classical Keynesian C) Keynesian New Keynesian
Q4. Which of the following most accurately describes the Monetarist school of macroeconomic thought in relation to aggregate demand and aggregate supply? Monetarists believe that the money supply should be: A) increased by a constant rate annually. B) reduced during inflationary periods and increased during recessionary periods. C) increased during inflationary periods and reduced during recessionary periods.
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发表于 2009-1-15 14:20
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