Q1. The U.S. Federal Reserve bank defines price level stability as an inflation rate:

A)   between 0 and 3%.

B)   above 3%.

C)   equal to 0%.

Q2. The sustainable growth rate of real GDP is most likely to be increased by:

A)   the discovery of untapped oil fields.

B)   an increase in government spending.

C)   an increase in the propensity to consume by households.

Q3. Which of the following is least likely to be a goal of current U.S. monetary policy?

A)   Stable currency.

B)   Maximum employment.

C)   Moderate long-term interest rates.

答案和详解如下：

Q1. The U.S. Federal Reserve bank defines price level stability as an inflation rate:

A)   between 0 and 3%.

B)   above 3%.

C)   equal to 0%.

Correct answer is A)

Price level stability is defined as a stable inflation rate between 0 and 3%.

Q2. The sustainable growth rate of real GDP is most likely to be increased by:

A)   the discovery of untapped oil fields.

B)   an increase in government spending.

C)   an increase in the propensity to consume by households.

Correct answer is A)

Sustainable growth in real GDP is defined as the growth rate in real GDP that is sustainable over the long term. The sustainable growth rate is positively affected by increases in the supply of natural resources and increases in the marginal propensity to save and invest. An increase in government spending does not increase an economy’s sustainable growth rate.

Q3. Which of the following is least likely to be a goal of current U.S. monetary policy?

A)   Stable currency.

B)   Maximum employment.

C)   Moderate long-term interest rates.

Correct answer is A)

U.S. monetary policy goals are maximum employment, stable prices, and moderate long-term interest rates.

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d

Q1. A