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17/06/2020 04:28:36 PM

MỘT SỐ CÂU HỎI NGẮN ÔN TẬP KINH TẾ HỌC VĨ MÔ

LESSON 5: AD-AS MODEL & FISCAL POLICY
1. How is net export of an economy measured?
2. How is Aggregate Demand (AD) of an economy measuredAD = household consumption (C) 3. What will happen if consumption and disposable income are equal at a particular level
of income?
4. Suppose the Disposable Income of an economy is $450 billion and saving is $120
billion. What is the consumption in that economy?

5. If you save more $80 when you experience a $400 rise in your disposable income.
What is your marginal propensity to consume (MPC)?
6. If consumption is $10,000 when income is $10,000, and consumption increases to
$11,000 when income increases to $12,000. What is the MPS?

7. If MPC equals 0.75. What is the Multiplier?
8. What are the tools of Fiscal policy?
9. What will happen if the aggregate demand (AD) of the economy increases?
10. How fiscal policy is used if the economy is experiencing a sharp rise in the inflation
rate?
LESSON 6: MS-MD MODEL & MONETARY POLICY
1. What are 2 components of the M1 supply of money?
2. What are the three basic functions of money?
3. What is the monetary multiplier? How does it work
4. What is the basic goal of monetary policy?
5. What are the three main tools of monetary policy?
6. Which of the monetary policy tools available to the Central Bank is most effective?

7. What happens to interest rate at equilibrium when nominal income (GDPn) rises?
8. What happens to interest rate at equilibrium when the central bank uses the restrictive
monetary policy?
9. What happens to interest rate at equilibrium when the central bank uses the
contractionary monetary policy?
10. What is the basic determinant of the transactions demand and the asset demand for
money?
11. How is the equilibrium interest rate in the money market determined?
12. Why does the Federal Reserve require commercial banks to have reserves?
LESSON 7: INTERNATIONAL TRADE
1. Country A limits other nation's exports to Country A to 1,000 tons of coal annually.
This is an example of which trade barriers?
2. What happens when imports are greater than exports?
3. What happens to a nation’s imports or exports of steel when the world price of the
steel rises above the domestic price?
4. What happens to a nation’s imports or exports of rice when the world price of the rice
falls below the domestic price?
5. What should we call when a country has ability to produce a good at a lower cost, in
terms of labor, than another country?
6. What are the excise taxes on imported goods to obtain revenue or to protect domestic
firms?
7. What advantage should a nation have to specialize in and export the goods to other
countries?
8. Using all its resources, country A can produce 30 cars or 6 trucks, and country B can
produce 35 cars or 21 trucks. In this case, which country has the absolute advantage in
producing both products?
9. Using all its resources, country A can produce 30 cars or 6 trucks, and country B can
produce 35 cars or 21 trucks. In this case, which country has a comparative advantage
in trucks?
10. Using all its resources, country A can produce 30 cars or 6 trucks, and country B can
produce 35 cars or 21 trucks. In this case, which country has a comparative advantage
in cars?
LESSON 8: EXCHANGE RATE
Indicate whether each of the following creates a demand for or a supply of European euros in
foreign exchange markets (Question 1-7)

1. A U.S. airline firm purchases several Airbus planes assembled in France.

2. A German automobile firm decides to build an assembly plant in South Carolina.
3. A U.S. college student decides to spend a year studying at the Sorbonne in Paris.
4. An Italian manufacturer ships machinery from one Italian port to another on a
Liberian freighter.
5. The U.S. economy grows faster than the French economy.
6. A U.S. government bond held by a Spanish citizen matures, and the loan amount
is paid back to that person.
7. It is widely believed that the euro will depreciate in the near future
Alpha’s balance-of-payments data for 2006 are shown below. All figures are in billions of
dollars (Question 8-10)
Goods exports $40
Goods imports 30
Service exports 15
Service imports 10
Net investment income 5
Net transfers 10
8. What are the ( a ) balance on goods?
9. What are the ( b ) balance on goods and services?
10. What are the ( c ) balance on current account?

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