曼昆经济学题库chapter16

《曼昆经济学题库chapter16》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Chapter11/MeasuringtheCostofLivingF321Chapter16MeasuringtheCostofLivingMULTIPLECHOICE1.BabeRuth,thefamousbaseballplayer,earned$80,000in1931.Today,thebestbaseballplayerscanearn200timesasmuchasBabeRuthin1931.However,priceshavealsorisensince1931.Wecanconcl

2、udethata.thebestbaseballplayerstodayareabout200timesbetteroffthanBabeRuthwasin1931.b.becausepriceshavealsorisen,thestandardoflivingofbaseballstarshasn’tchangedsince1931.c.onecannotmakejudgmentsaboutchangesinthestandardoflivingbasedonchangesinpricesandch

3、angesinincomes.d.onecannotdeterminewhetherbaseballstarstodayenjoyahigherstandardoflivingthanBabeRuthdidin1931withoutadditionalinformationregardingincreasesinpricessince1931.ANSWER:d.onecannotdeterminewhetherbaseballstarstodayenjoyahigherstandardofliving

4、thanBabeRuthdidin1931withoutadditionalinformationregardingincreasesinpricessince1931.TYPE:MDIFFICULTY:1SECTION:11.02.Whentheconsumerpriceindexrises,thetypicalfamilya.hastospendmoredollarstomaintainthesamestandardofliving.b.canspendfewerdollarstomaintain

5、thesamestandardofliving.c.findsthatitsstandardoflivingisnotaffected.d.canoffsettheeffectsofrisingpricesbysavingmore.ANSWER:a.hastospendmoredollarstomaintainthesamestandardofliving.TYPE:MDIFFICULTY:1SECTION:11.03.Theconsumerpriceindexisusedtoa.trackchang

6、esinthelevelofwholesalepricesintheeconomy.b.monitorchangesinthecostofliving.c.monitorchangesinthelevelofrealGDP.d.trackchangesinthestockmarket.ANSWER:b.monitorchangesinthecostofliving.TYPE:MDIFFICULTY:1SECTION:11.04.Theterm“inflation”isusedtodescribeasi

7、tuationinwhicha.theoveralllevelofpricesintheeconomyisincreasing.b.incomesintheeconomyareincreasing.c.stock-marketpricesarerising.d.theeconomyisgrowingrapidly.ANSWER:a.theoveralllevelofpricesintheeconomyisincreasing.TYPE:MDIFFICULTY:1SECTION:11.05.Whenth

8、eoveralllevelofpricesintheeconomyisincreasing,wesaythattheeconomyisexperiencinga.economicgrowth.b.inflation.c.unemployment.d.deflation.ANSWER:b.inflation.TYPE:MDIFFICULTY:1SECTION:11.0Chapter11/MeasuringtheCostofLivingF3216.Thein