2015 AP Macroeconomics宏观经济真题Practice Exam系列之选择题免费下载

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2015 AP Macroeconomics Practice Exam Multiple Choice Questions Free Download

2015 AP 宏观经济模考选择题部分免费下载

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6）The money demand curve is downward sloping because

1. the transaction demand for money decreases as interest rates fall
2. people hold less money as the opportunity cost of holding money rises
3. money is less liquid as interest rates rise, so people are able to hold less of it
4. banks are more willing to create money when interest rates fall
5. with higher incomes, people are willing to hold smaller percentages of their money

35）Classical economists believe that the economy moves toward full employment because

1. government spending supplements private investment to keep aggregate demand in balance with aggregate supply
2. households spend all of their disposable income to purchase the full-employment output
3. wages and prices are flexible
4. private investment is constant and independent of national income
5. the money supply grows at a constant rate to generate sufficient demand to purchase the full-employment output

60）When purchasing her house, Ms. Jones took out a 15-year mortgage loan from a local bank at a fixed interest rate of 7 percent. The rate of expected inflation at the time was 3 percent. If the actual rate of inflation was 4.5 percent, which of the following is true?

1. The bank gained because the real rate of interest increased by 1.5%.
2. The bank gained because the real rate of interest became 3.5%.
3. The bank lost because the real rate of interest decreased by 1.5%.
4. Ms. Jones gained because the nominal rate of interest increased by 1.5%.
5. Ms. Jones lost because the nominal rate of interest became 3.5%.