曼昆經(jīng)濟學(xué)原理宏觀第五版測試題庫32

Chapter32/AMacroeconomicTheoryoftheOpenEconomyFigure32-4RefertoFigure32-4.SupposethatU.S.firmsdesiretopurchasemorecapitalintheU.S.Theeffectsofthicouldbeillustratedbyshiftingthedemandcurveinpanelatotherightandthedemandcurveinpanelctotheleft.shiftingthedemandcurveinpanelatotherightandthesupplycurveinpanelctotheleft.shiftingthesupplycurveinpanelatotherightandthedemandcurveinpanelctotheleft.shiftingthesupplycurveinpanelatotherightandthesupplycurveinpanelctotheright.ANS:B DIF:3 REF:32-3 TOP:Netcapitaloutflow|Open-economymacroeconomicmodelMSC:AnalyticalRefertoFigure32-4.Supposethatthegovernmentgoesfromabudgetsurplustoabudgetdeficit.Theeffectofthechangecouldbeillustratedbyshiftingthedemandcurveinpanelatotherightandthedemandcurveinpanelctotheleft.shiftingthedemandcurveinpanelatotheleftandthesupplycurveinpanelctotheleft.shiftingthesupplycurveinpanelatotherightandthedemandcurveinpanelctotheright.shiftingthesupplycurveinpanelatotheleftandthesupplycurveinpanelctotheleft.ANS:D DIF:2 REF:32-3 TOP:Budgetdeficits|Open-economymacroeconomicmodelMSC:AnalyticalFigure32-5RefertoFigure32-5.Theinitialeffectofanincreaseinthebudgetdeficitintheloanablefundsmarketillustratedasamovefroma.atob.atoc.ctob.ctod.ANS:C DIF:1 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Budgetdeficits|Open-economymacroeconomicmodelMSC:ApplicativeRefertoFigure32-5.Inthemarketforforeign-currencyexchange,theeffectsofanincreaseinthebudgetsurplusisillustratedasamovefromgtoa.e.f.h.i.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Budgetsurplus|Open-economymacroeconomicmodelMSC:Applicative48.RefertoFigure32-5.StartingfromrandE,anincreaseinthebudgetdeficitcanbeillustratedasamoveto 2 3randE.r1andE4.r1and E2.r3andE4. 3 2ANS:C DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Budgetdeficits|Open-economymacroeconomicmodelMSC:AnalyticalRefertoFigure32-5.StartingfromrandE,anincreaseinthebudgetsurpluscanbeillustratedasamovetorandE.233 4randE.r3andE2.r1andE4. 1 2ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Budgetsurplus|Open-economymacroeconomicmodelMSC:AnalyticalAendedtoexploitthetradeoffbetweeninflationandunemploymentbyalteringthebudgetdeficit.d.concerningemploymentlaws..ANS:B DIF:1 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:TradepolicyMSC:DefinitionalAtaxonimportedgoodsiscalleda(n)excisetax.tariff.importquota.Noneoftheaboveiscorrect.ANS:B DIF:1 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Tradepolicy|TariffMSC:DefinitionalAlimitonthequantityofagoodproducedabroadthatcanbepurchaseddomesticallyiscalleda(n)a.tariff.excisetax.importquota.Noneoftheaboveiscorrect.ANS:C DIF:1 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Tradepolicy|ImportquotasMSC:DefinitionalIftheU.S.herthedemandforloanablefundsnorthedemandfordollarsinthemarketforforeign-currencyexchangewouldincrease.thedemandforloanablefundswouldincrease,butthedemandfordollarsinthemarketforforeign-currencyexchangewouldnot.thedemandfordollarsinthemarketforforeign-currencyexchangewouldincrease,butthedemandforloanablefundswouldnot.ANS:D DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Marketforforeign-currencyexchangeMSC:ApplicativeAU.S.-imposedquotaonapplianceswouldshiftboththedemandandsupplycurvesinthemarketforforeign-currencyexchangeright.boththedemandandsupplycurvesinthemarketforforeign-currencyexchangeright.onlythedemandcurveinthemarketforforeign-currencyexchangeright.onlythesupplycurveinthemarketforforeign-currencyexchangeright.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Marketforforeign-currencyexchangeMSC:ApplicativeSupposethattheUnitedStatesimposesanimportquotaontelevisions.Intheopen-economymacroeconomicmodelthisquotashiftstheU.S.supplyofloanablefundsleft.U.S.demandforloanablefundsleft.demandforU.S.dollarsinthemarketforforeign-currencyexchangeright.supplyofU.S.dollarsinthemarketforforeign-currencyexchangeleft.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Marketforforeign-currencyexchangeMSC:ApplicativeWhichofthefollowingisthecorrectwaytoshowtheeffectsofanewlyimposedimportquota?Shiftthedemandforloanablefundsright,thesupplyofdollarsinthemarketforforeign-currencyexchangeright,andthedemandfordollarsleft.Shiftthedemandforloanablefundsright,andthesupplyofdollarsinthemarketforforeign-currencyexchangeleft.Shiftthedemandfordollarsinthemarketforforeign-currencyexchangeleft.d.Noneoftheaboveiscorrect.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Marketforforeign-currencyexchangeMSC:ApplicativeTradepoliciesalterthetradebalancebecausetheyalterimportsofthecountrythatimplementedthem.alterthetradebalancebecausetheyalternetcapitaloutflowofthecountrythatimplementedthem.donotalterthetradebalancebecausetheycannotalterthenationalsavingordomesticinvestmentofthecountrythatimplementsthem.donotalterthetradebalancebecausetheycannotaltertherealexchangerateofthecurrencyoftcountrythatimplementsthem.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:TradepolicyMSC:InterpretiveWhenacountryimposesanimportquota,exportsfallanditsrealexchangeratedepreciatesNoneoftheaboveiscorrect.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exchangerate|NetexportsMSC:InterpretiveIn2002,theUnitedStatesimposedrestrictionsontheimportationofsteelintotheUnitedStates.Theopen-economymacroeconomicmodelshowsthatsuchapolicywoulda.lowertherealexchangerateandincreasenetexports.lowertherealexchangerateandhavenoeffectonnetexports.raisetherealexchangerateanddecreasenetexports.raisetherealexchangerateandhavenoeffectonnetexports.ANS:D DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exchangerate|NetexportsMSC:AnalyticalIftheU.S.imposedanimportquotaonapples,thenwhichofthefollowingwouldrise?theU.S.realexchangerateandU.S.netexportstheU.S.realexchangeratebutnotU.S.netexportsU.S.netexportsbutnottheU.S.realexchangerateneithertheU.S.realexchangeratenorU.S.netexportsANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exchangerate|NetexportsMSC:ApplicativeSupposetheU.S.imposesanimportquotaonsteel.U.S.exportsincrease,therealexchangerateoftheU.S.dollarappreciates,andU.S.netcapitaloutflowincreases.increase,therealexchangerateoftheU.S.dollardepreciates,andU.S.netcapitaloutflowisunchanged.decrease,therealexchangerateoftheU.S.dollarappreciates,andU.S.netcapitaloutflowisunchanged.decrease,therealexchangerateoftheU.S.dollardepreciates,andU.S.netcapitaloutflowdecreases.ANS:C DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exports|Exchangerate|NetcapitaloutflowMSC:ApplicativeSupposethattheU.S.imposesanimportquotaonlumber.ThequotamakestherealexchangerateoftheUdollarappreciatebutdoesnotchangetherealinterestrateintheUnitedStates.appreciateandtherealinterestrateintheUnitedStatesincrease.depreciateandtherealinterestrateintheUnitedStatesdecrease.depreciatebutdoesnotchangetherealinterestrateintheUnitedStates.ANS:A DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exchangerate|InterestrateMSC:AnalyticalWhichofthefollowingincreasesiftheU.S.imposesanimportquotaoncomputercomponents?a.U.S.exportsU.S.importsU.S.netexportsNoneoftheaboveincreases.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exports|ImportsMSC:ApplicativeWhichofthefollowingdecreasesiftheU.S.imposesanimportquotaoncomputercomponents?a.U.S.importsandU.S.exports.U.S.importsbutnotU.S.exports.U.S.exportsbutnotU.S.imports.NeitherU.S.exportsnorU.S.imports.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Imports|ExportsMSC:ApplicativeIftheU.S.governmentimposesaquotaontoyimports,exportsrise.theexchangeraterises.Alloftheabovearecorrect.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Exchangerate|Netexports|NetcapitaloutflowMSC:AnalyticIftheU.S.governmentimposesaquotaontoyimports,thennetexportsofU.S.toyswoulda.rise.notchange.fall.rise,notchange,orfalldependingonwhathappenedtotheexchangerate.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|NetexportsMSC:ApplicativeAccordingtotheopen-economymacroeconomicmodel,capitaloutflowbutnotnetexports.neithernetexportsnornetcapitaloutflow.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Netexports|NetcapitaloutflowMSC:ApplicativeIftheU.S.governmentimposedaquotaontoyimports,thenimportsandexportswouldbothfall.importswouldfallandexportswouldrise.importswouldriseandexportswouldfall.Noneoftheaboveiscorrect.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:ApplicativeIftheU.S.imposedanimportquotaoncorn,thenintheU.S.exportsandimportswouldrise.exportsandimportswouldfall.exportswouldriseandimportswouldfall.exportswouldfallandimportswouldrise.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|NetexportsMSC:ApplicativeIfacountryremovedanimportquotaoncotton,thenoverallthatcountry’sexportsandimportswouldrise.exportswouldriseandimportswouldfall.exportswouldfallandimportswouldrise.exportsandimportswouldfall.ANS:A DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|NetexportsMSC:ApplicativeIftheUnitedStatesimposesanimportquotaonclothing,thenU.S.exportsincrease,U.S.importsincrease,andU.S.netexportswillnotchange.increase,U.S.importsdecrease,andU.S.netexportsincrease.decrease,U.S.importsincrease,andU.S.netexportsdecrease.decrease,U.S.importsdecrease,andU.S.netexportswillnotchange.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|NetexportsMSC:AnalyticalTradepoliciesaffectacountry'soveralltradebalance,butaffectallfirmsandindustriesthesame.affectacountry'soveralltradebalance,butaffectsomefirmsorindustriesdifferentlythanotherdonotaffectacountry'soveralltradebalance,butaffectsomefirmsorindustriesdifferentlythaothers.donotaffecteitheracountry'soveralltradebalanceorspecificfirmsorindustries.ANS:C DIF:2 REF:32-3 TOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:InterpretiveWhichofthefollowingisthemostaccuratestatement?Tradepolicyhasneithermicroeconomicnormacroeconomiceffects.Tradepolicyhassimilarmicroeconomicandmacroeconomiceffects.Theeffectsoftradepolicyaremoremacroeconomicthanmicroeconomic.Theeffectsoftradepolicyaremoremicroeconomicthanmacroeconomic.ANS:D DIF:2 REF:32-3 TOP:Tradepolicy|Open-economymacroeconomicmodel MSC:InterpretiveIftheU.S.putanimportquotaonvacuumcleaners,itwouldraiseU.S.netexportsofvacuumcleanersandraisenetexportsofotherU.S.goods.raiseU.S.netexportsofvacuumcleanersandlowernetexportsofotherU.S.goods.lowerU.S.netexportsofvacuumcleanersandraisenetexportsofotherU.S.goods.lowerU.S.netexportsofvacuumcleanersandlowernetexportsofotherU.S.goods.ANS:B DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:AnalyticalIn2002,theUnitedStatesplacedhighertariffsonimportsofsteel.Accordingtotheopen-economymacroeconomicmodelthispolicyshouldhavereducedimportsintotheUnitedStatesandmadeU.S.netexportsrise.reducedimportsintotheUnitedStatesandmadethenetsupplyofdollarsintheforeignexchangemarketshiftright.reducedimportsofsteelintotheUnitedStates,butreducedU.S.exportsofothergoodsbyanequalamount.reducedimportsofsteelintotheUnitedStatesandincreasedU.S.exportsofothergoodsbyanequalamount.ANS:C DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:ApplicativeIftheU.S.imposedanimportquotaonconstructionequipment,thenthesalesofU.S.constructionequipproducerswouldriseandtheexportsofotherU.S.industrieswouldrise.riseandtheexportsofotherU.S.industrieswouldfall.fallandtheexportsofotherU.S.industrieswouldrise.fallandtheexportsofotherU.S.industrieswouldfall.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:ApplicativeSupposethattheU.S.imposedanimportquotaonbeef.SalesofU.S.beefproducerswouldriseandexportsofotherindustrieswouldincrease.riseandexportsofotherindustrieswoulddecline.notchange,exportsofotherindustrieswouldincrease.notchange,exportsofotherindustrieswoulddecline.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|MicroeconomiceffectsofimportquotasMSC:ApplicativeIftheU.S.governmentimposesanimportquotaonFrenchwine,U.S.netexportswillincrease,therealexchangerateofthedollarwillappreciate,anddomesticsalesofU.S.winewillincrease.notchange,therealexchangerateofthedollarwillappreciate,anddomesticsalesofU.S.winewiincrease.notchange,thedollarwilldepreciate,anddomesticsalesofU.S.winewillnotchange.d.Noneoftheaboveiscorrect.ANS:B DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Microeconomiceffectsofimportquotas|Exchangerate MSC:AnalyticalFigure32-6RefertoFigure32-6.Whichofthefollowingshiftsshowtheeffectsofanimportquota?shiftingthemiddlesupplycurveinpanelctotheonetoitsleft.shiftingthedemandcurvefromtherighttotheleftinpanelc.shiftingthedemandcurvefromthelefttotherightinpanelc.Noneoftheaboveiscorrect.ANS:C DIF:1 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Open-economymacroeconomicmodel MSC:Applicative80.RefertoFigure32-6.Iftheinterestratewereinitiallyrandanimportquotawereimposed,theinterestat2ratewouldstayatr.decreasebecausesupplywouldshiftright.2 increasebecausesupplywouldshiftleft.decreasebecausedemandwouldshiftleft.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|InterestrateMSC:ApplicativeRefertoFigure32-6.IftheeconomywereinitiallyinequilibriumatrandEandthegovernmentremoved2 3importquotas,theexchangeratewoulda.appreciatetoE.appreciatetoE4.depreciatetoE2.depreciatetoE1.2ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|ExchangerateMSC:AnalyticalRefertoFigure32-6.Ifequilibriumwereatpointhandthegovernmentimposedquotasonimportsoftoysandtextilestheequilibriumwouldmovetoa.egijANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Open-economymacroeconomicmodel MSC:AnalyticalRefertoFigure32-6.Iftheeconomywereoriginallyinequilibriumataandgandthegovernmentremovedimportquotasontoysandtextilestheeconomywouldmovetoa.bande.candh.dandi.Noneoftheaboveiscorrect.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Importquotas|Open-economymacroeconomicmodel MSC:AnalyticalAlargeandsuddenmovementoffundsoutofacountryiscalleda.arbitrage.capitalflight.crowdingout.capitalmobility.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight MSC:DefinitionalCapitalflightreferstothemovementofworkersacrossinternationalbordersinresponsetoexchangeratechanges.themovementoffundsbetweenfinancialintermediarieswheninterestrateschange.theabilityofforeigndirectinvestmenttoliftacountryoutofpoverty.alargeandsuddenmovementoffundsoutofacountry.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight MSC:DefinitionalWhenMexicosufferedfromcapitalflightin1994,Mexico'snetcapitaloutflowa.andnetexportsdecreased.andnetexportsincreased.increasedwhilenetexportsdecreased.decreasedwhilenetexportsincreased.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|NetexportsMSC:DefinitionalWhenMexicosufferedfromcapitalflightin1994,Mexico'srealinterestratefellandthepesoappreciated.fellandthepesodepreciated.roseandthepesoappreciated.roseandthepesodepreciated.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|ExchangerateMSC:DefinitionalWhenMexicosufferedfromcapitalflightin1994,Mexico'snetexportsa.decreased.didnotchange.increased.decreaseduntilthepesoappreciated,thenincreased.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|NetexportsMSC:DefinitionalSupposeacountryexperiencescapitalOfthedemandforloanablefundsandthesupplyofcurrencyinfligt.themarketforforeign-currencyexchange,whichshiftsright?a.onlythedemandforloanablefundsb.onlythesupplyofitscurrencyinthemarketforforeign-currencyexchangec.bothcurvesshiftrightd.neithercurveshiftsrightANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:ApplicativeIfthereiscapitalflightfromtheUnitedStates,thenthedemandforloanablefundsandthesupplyofdollarsintheforeign-exchangemarketshiftright.andthesupplyofdollarsintheforeign-exchangemarketshiftleft.shiftsleftwhilethesupplyofdollarsintheforeign-exchangemarketshiftsright.shiftsrightwhilethesupplyofdollarsintheforeign-exchangemarketshiftsleft.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:ApplicativeWhenacountrysuffersfromcapitalflight,thedemandforloanablefundsinthatcountryshiftsright,whichincreasesinterestratesinthatcountry.right,whichdecreasesinterestratesinthatcountry.left,whichincreasesinterestratesinthatcountry.left,whichdecreasesinterestratesinthatcountry.ANS:A DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|MarketforloanablefundsMSC:AnalyticalWhenacountrysuffersfromcapitalflight,theexchangeratedepreciates,becausedemandinthemarketforforeign-currencyexchangeshiftsleft.depreciates,becausesupplyinthemarketforforeign-currencyexchangeshiftsright.appreciates,becausedemandinthemarketforforeign-currencyexchangeshiftsright.d.Noneoftheaboveiscorrect.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Marketforforeign-currencyexchangeMSC:AnalyticalIfacountryexperiencescapitalflight,whichofthefollowingcurvesshiftright?onlythedemandforloanablefunds.onlythesupplyofdollarsinthemarketforforeign-currencyexchange.onlythenetcapitaloutflowcurveandthesupplyofdollarsinthemarketforforeigncurrencyexchange.thedemandforloanablefunds,thenetcapitaloutflowcurve,andthesupplyofdollarsinthemarkeforforeigncurrencyexchange.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:ApplicativeWhenacountryexperiencescapitalflight,theinterestratefallsbecausethedemandforloanablefundsshiftsleft.fallsbecausethesupplyforloanablefundsshiftsright.risesbecausethedemandforloanablefundsshiftsright.risesbecausethesupplyforloanablefundsshiftsleft.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:AnalyticalWcapitaloutflowdecreasesanditsrealexchangeratefalls.ANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Exchangerate|NetcapitaloutflowMSC:AnalyticalWhenacountryexperiencescapitalflight,whichofthefollowingrise?itsrealinterestrateanditsrealexchangerateitsrealinterestratebutnotitsrealexchangerateitsrealexchangeratebutnotitsrealinterestrateneitheritsrealinterestratenoritsforeignexchangerateANS:B DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Exchangerate|InterestrateMSC:AnalyticalWhenacountryexperiencescapitalflightitscurrencyappreciatesandnetexportsrise.appreciatesandnetexportsfall.depreciatesandnetexportsrise.depreciatesandnetexportsfall.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Exchangerate|NetexportsMSC:ApplicativeIfKenyaexperiencedcapitalflight,thesupplyofKenyanschillingsinthemarketforforeign-currencyexchangewouldshiftleft,whichwouldmaketherealexchangerateoftheKenyanschillingappreciate.left,whichwouldmaketherealexchangerateoftheKenyanschillingdepreciate.right,whichwouldmaketherealexchangerateoftheKenyanschillingappreciate.right,whichwouldmaketherealexchangerateoftheKenyanschillingdepreciate.ANS:D DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Marketforforeign-currencyexchangeMSC:AnalyticalWhenMexicosufferedfromcapitalflightin1994,U.S.demandforloanablefundsandU.S.netcapitaloutflowrose.andU.S.netcapitaloutflowfell.fellandU.S.netcapitaloutflowrose.roseandU.S.netcapitaloutflowfell.ANS:B DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|MarketforloanablefundsMSC:AnalyticalWhenMexicosufferedfromcapitalflightin1994,theU.S.realinterestrateroseandtherealexchangerateofthedollarappreciated.roseandtherealexchangerateofthedollardepreciated.fellandtherealexchangerateofthedollarappreciated.fellandtherealexchangerateofthedollardepreciated.ANS:C DIF:2 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Marketforloanablefunds|Marketforforeign-currencyexchangeMSC:DefinitionalThecountryofFrequenciaispoliticallyverystableandhasalongtraditionofrespectingpropertyrigseveralothercountriessuddenlybecamepoliticallyunstable,wewouldexpectFrequencia’exportstofall.Noneoftheaboveislikely.ANS:C DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:AnalyticalWhichofthefollowingismostlikelytoresultifforeignersdecidetowithdrawthefundsthattheyhavtotheUnitedStates?U.S.netexportswillriseU.S.netcapitaloutflowwillfall.U.S.domesticinvestmentwillrisethedollarwillappreciateANS:A DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Open-economymacroeconomicmodelMSC:AnalyticalIn1995HouseSpeakerNewtGingrichthreatenedtosendtheUnitedStatesintodefaultonitsdebt.Durindayofthisannouncement,U.S.interestratesroseandtherealexchangerateoftheU.S.dollardepreciWhichofthesechangesisconsistentwiththeresultsoftheopen-economymacroeconomicmodel?a.theincreaseinU.S.interestratesthedepreciationoftherealexchangerateoftheU.S.dollarBothaandbareconsistent.Neitheranorbareconsistent.ANS:C DIF:3 REF:32-3 NAT:AnalyticLOC:InternationaltradeandfinanceTOP:Capitalflight|Exchangerate|InterestrateMSC:AnalyticalIn2002itlookedliketheArgentineangovernmentmightdefaultonitsdebt(whicheventuallyitdid).Topen-economymacroeconomi