课程名称︰经济学原理 课程性质︰ 课程教师︰陈南光 开课学院：管院 开课系所︰ 考试日期（年月日）︰98/6/15 考试时限（分钟）：3 hr 是否需发放奖励金：是 （如未明确表示，则不予发放） 试题 : 一.选择题(每题3分 共24分) 1.关於购买力平价(purchasing power parity)说，以下叙述何者错误? A)对於贸易财(tradable goods)与非贸易财(non-tradabale goods)都适用 B)建立在无运输成本的前提假设下 C)如果有套利行为(arbitrage)继续存在，购买力平价说就不成立 D)建立在无贸易障碍的前提假设下 2.中央银行下列那一项措施将使货币供给减少? A)公开市场买进票券 B)开启重贴现窗口 C)降低重贴现率 D)卖出外汇 3.央行外汇存底增加时，表示: A)本国财富同额增加 B)本国储蓄同额增加 C)本国对国外之贷放同额增加 D)以上皆是 4.下列哪一项会增加银行体系准备金 A)台湾银行向同业调借现金 B)彰化银行向第一银行购买国库券 C)彰化银行向央行购买国库券 D)第一银行向央行调借现金 5.银行牌告放款利率6%，而通货膨胀率为-1.5%，则厂商贷款所负担的实质利率为何？ A)4.5% B)6% C)7.5% D)-1.5% e 6.Suppose the Phillips curve is π =π - 2(U - U*), where U* is the natural e t t rate of unemployment, andπ is expected inflation rate. Suppose the expected e e inflation rate increases fromπ =1% to π = 5%, which of the following is NOT correct? A)the Phillips curve shifts upward; B)when U = U*, the inflation rate equals the expected inflation rate t C)the cost of reducing unemployment decreases D)the central bank has been using expansionary monetary policy 7.The money supply in Macroland is currently 2,500. Suppose banks do not hold excess reserves and the public does not hold cash. The required reserve ratio is 10%. If the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market______government bonds. A)purchase of 50 B)purchase of 500 C)sale of 50 D)sale of 50 8.when the stock market booms, some people transfer their time deposits into demand deposits. What will happen to the monetary aggregates immediately after the transfer? A)M1B decreases B)M1B reamains the same C)M2 increases D)M2 remains the same 二.Answer the following questions 1.(6分)Give one reason why we observe banks exercise credit rationing(信用分配) 2.(6pt)The bank panic during 1929-1933 in US caused the money supply to decrease by 25%. Analyze the factors that contribute to the decline in money supply. 3.(6pt)Can the central bank use expansionary policy to solve stagflation? Use Expectation-augment Phillips curve and AD-AS diagram to explain 4.(6pt)Suppose that, due to capital inflow, NTD is appreciating against US dollars. But the central bank implements a creeping appreciation(缓慢升值) policy. USE A DIAGRAM to explain the effect of a creeping appreciation. 5.(10pt)Government budget constrait a.write down the government budget constrait and the government budget deficit b.explain the recardian equivalence theorem. why in reality this thereom may not hold? 6.(10pt) A Bigmac is sold in Taiwan for NTD$84 and sold in US for USD$3. suppose the price of Bigmac can represents all the average prices of goods and services in both US and Taiwan. Suppose the current nominal exchange rate is 30(NTD/USD). a.If the purchase power parity(PPP) holds, what is the implied quilibrium exchange rate? b. what is the real exchange rate? And what does it imply for the movement of exchange rate as Law of One Price(LOP) holds? 7.(10分)国际收支帐 a.若出口商出口10万美元的商品，该出口商将该笔外汇存入位於纽约的银行户头，解释 国际收支帐三个主要项目的变换并解释 b.台湾在20003年的资料显示经常帐顺差29202(百万美元)，而且金融帐也有顺差6740 (百万美元) 请解释为何会有这种情况发生? 8.(10分)依央行金融统计月报，在1997年12月底的货币总计数个项目为(单位为百万) a.外汇存款569,905 b.活期存款892,481 c.附买回交易余额224,146 d.通货发行额684,311 e.全体货币机构与邮汇局库存现金173,947 f.活期储蓄存款2,004,376 g.定期与定期储蓄存款8,311,358 h.邮政储金2,235,777 i.支票存款308,031 j.外国人新台币存款37,921 a.计算下列货币总计数： 通货净额、M1B、M2(使用代码 例如通货净额=a+b+c) b.If there is no banking system, what is the amount of monetary aggregate? 三.Chose TWO and ONLY TWO of the following question 9.(6pt) Consider the handout "should the Fed react to tje Stock Market?" Explain why some economist do not agree that central banks should react to asset prices? 10(6pt) In the handout "Oil Price Shocks and Inflation," how can you explain why the recent surge in oil price has not caused very high inflation as in the 1970s? 11(6pt) Answer the following questions to the handout "Banking Consolidation" (2004), by Simon Kwan, a.Give two of the economic forces that drive megamergers beginningin the early 1990s? b.Give two of the potencial problems that might arise owing to bank mergers. 12(6pt)Briefly explain why the episode of so-called "Mississippi Bubble," in June 1720 can be possibly supported by economic fundamentals. And what was the posiible cause for the downfall of John Law? --

※ 发信站: 批踢踢实业坊(ptt.cc) ◆ From: 140.112.241.123