货币金融学（第十二版）英文版题库及答案chapter25.pdfVIP

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 25 Transmission Mechanisms of Monetary Policy 25.1 Transmission Mechanism of Monetary Policy 1) Economic theory suggests that ________ interest rates are ________ important than ________ interest rates in explaining investment behavior. A) nominal; more; real B) real; less; nominal C) real; more; nominal D) market; more; real Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 2) According to the traditional interest-rate channel, expansionary monetary policy lowers the real interest rate, thereby raising expenditure on A) business fixed investment. B) government expenditure. C) consumer nondurables. D) net exports. Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 3) The monetary transmission mechanism that links monetary policy to GDP through real interest rates and investment spending is called the A) traditional interest-rate channel. B) Tobins' q theory. C) wealth effects. D) cash flow channel. Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 4) If the aggregate price level adjusts slowly over time, then an expansionary monetary policy lowers A) only the short-term nominal interest rate. B) only the short-term real interest rate. C) both the short-term nominal and real interest rates. D) the short-term nominal, the short-term real, and the long-term real interest rates. Answer: D Ques Status: Previous Edition AACSB: Reflective Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) If monetary policy can influence ________ prices and conditions in ________ markets, then it can affect spending through channels other than the traditional interest-rate channel. A) asset; labor B) asset; credit C) commodity; labor D) commodity; credit Answer: B Ques Status: Previous Edition AA