更多"What is the Modern Quantity Theory "的相关试题:
[简答题]What is the Theory of Money Supply by the Monetarist School
[简答题]The quantity theory of money holds that the money supply, multiplied by the rate at which it circulates (called velocity 称做周转率) , equals nominal income. Nominal income in turn is the product of real output and prices. But does money supply directly boost nominal income, or does nominal income affect velocity and the demand for money The mechanism is murky.
Central banks control the narrowest measure of the money supply, called the monetary base (货币基数) —typically, currency plus the reserves that commercial banks hold with the central bank. But the relationships between the monetary base, broader monetary aggregates and nominal income is highly unstable.
Central banks have mostly given up trying to target inflation via the money supply. Instead, they study the "output gap" between total demand and the economy’s potential to supply goods and services, determined by such things as the labour force and capital stock, as well as inflation expectations. When demand exceeds supply, i
[单项选择]The quantity theory of money states that:（）
A. a decrease in the money supply will cause a proportional increase in prices.
B. monetary and fiscal policy must be used in tandem.
C. an increase in the money supply will cause a proportional increase in prices.
[名词解释]Speculative demand for money
[填空题]The candidate can demand more money if he thinks he really deserves it.
[单项选择]The demand for money is inversely related to the real interest rate because:（）
A. the cost of holding money falls as the real interest rate goes down.
B. increasing wealth makes cash balances unnecessary.
C. taxes make productive uses of funds less profitable.
[简答题]货币需求函数(demand function for money)
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If you had a lot of money, what would you like to collect
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[填空题]
66. __________.
Demand theory is based on a simply
generalization about customer behavior that has been observed for centuries,
that almost people would regard as "common sense". Generally speaking, if a good
or service becomes more expensive, consumers are less likely to buy it. So, the
price of oil more than doubled in 1999, the demand for oil would fall. How much
did the demand for oil fall would depend on the elasticity of the demand for
oil. Economists describe the demand for oil response as relatively inelastic.
So, the fall was not large.
67. __________.
A substantial
rise in the price of oil would affect the demand for oil tankers and coal in
1999.
68. __________.
The use of coal is the same as oil.
When file price of oil rises, fewer people will use oil and more people will use
coal. In Economics, coal is a substitute good of oil, the price of oil rises,
and the demand for oil falls, the demand for coal increases. As
