2012 AP Macroeconomics宏观经济真题Practice Exam系列之选择题免费下载

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2012 AP Macroeconomics Practice Exam Multiple Choice Questions Free Download

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1）A country’s government runs a budget deficit when which of the following occurs in a given year?

1. The amount of new loans to developing nations exceeds the amount of loans paid off by developing nations.
2. Government spending exceeds tax revenues.
3. The debt owed to foreigners exceeds the debt owed to the country’s citizens.
4. The amount borrowed exceeds the interest payment on the national debt.
5. Interest payments on the national debt exceed spending on goods and services.

29）If a country’s economy is operating below the full-employment level of output at a very low inflation rate, the central bank of the country is most likely to

1. pursue an expansionary monetary policy because it is required to do so by law whenever output is below the full employment level
2. pursue an expansionary fiscal policy because it is required to do so by law whenever output is below the full-employment level
3. lower the discount rate and buy bonds on the open market to generate an increase in output
4. lower the required reserve ratio and sell bonds on the open market to generate an increase in output
5. raise the discount rate and lower the required reserve ratio to generate an increase in output

47）Which of the following would be the initial impact on an economy if wages were to increase more than worker productivity?

1. There would be no initial impact, since neither the aggregate supply curve nor the aggregate demand curve would shift.
2. Employment would increase, causing a rightward shift in the aggregate demand curve.
3. The price level would increase, resulting in excess aggregate supply.
4. The short-run aggregate supply curve would shift to the left, increasing the price level.
5. The aggregate demand curve would

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