課程名稱︰經濟學原理 課程性質︰ 課程教師︰陳南光 開課學院：管院 開課系所︰ 考試日期（年月日）︰98/6/15 考試時限（分鐘）：3 hr 是否需發放獎勵金：是 （如未明確表示，則不予發放） 試題 : 一.選擇題(每題3分 共24分) 1.關於購買力平價(purchasing power parity)說，以下敘述何者錯誤? A)對於貿易財(tradable goods)與非貿易財(non-tradabale goods)都適用 B)建立在無運輸成本的前提假設下 C)如果有套利行為(arbitrage)繼續存在，購買力平價說就不成立 D)建立在無貿易障礙的前提假設下 2.中央銀行下列那一項措施將使貨幣供給減少? A)公開市場買進票券 B)開啟重貼現窗口 C)降低重貼現率 D)賣出外匯 3.央行外匯存底增加時，表示: A)本國財富同額增加 B)本國儲蓄同額增加 C)本國對國外之貸放同額增加 D)以上皆是 4.下列哪一項會增加銀行體系準備金 A)台灣銀行向同業調借現金 B)彰化銀行向第一銀行購買國庫券 C)彰化銀行向央行購買國庫券 D)第一銀行向央行調借現金 5.銀行牌告放款利率6%，而通貨膨脹率為-1.5%，則廠商貸款所負擔的實質利率為何？ 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(緩慢升值) 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)國際收支帳 a.若出口商出口10萬美元的商品，該出口商將該筆外匯存入位於紐約的銀行戶頭，解釋 國際收支帳三個主要項目的變換並解釋 b.台灣在20003年的資料顯示經常帳順差29202(百萬美元)，而且金融帳也有順差6740 (百萬美元) 請解釋為何會有這種情況發生? 8.(10分)依央行金融統計月報，在1997年12月底的貨幣總計數個項目為(單位為百萬) a.外匯存款569,905 b.活期存款892,481 c.附買回交易餘額224,146 d.通貨發行額684,311 e.全體貨幣機構與郵匯局庫存現金173,947 f.活期儲蓄存款2,004,376 g.定期與定期儲蓄存款8,311,358 h.郵政儲金2,235,777 i.支票存款308,031 j.外國人新台幣存款37,921 a.計算下列貨幣總計數： 通貨淨額、M1B、M2(使用代碼 例如通貨淨額=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? --

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