A-Level经济真题（3）

1.Which one of the following is most likely to beclassified as an instrument of monetary policy?

A. Taxation

B. The inflation rate

C. The exchange rate

D. Government spending  

2.Monetary policyrefers to

A  taxation

B  supply ofmoney

C  governmentspending

D  associated borrowing

3.Which one ofthe following is not includes in the monetary policy?

A. FixedExchange Rate

B. MixedPolicy

C. PriceLevel Targeting

D. Public Spending

4.Which one of the following is most likely to shiftthe short run aggregate supply curve to the right?

A. A fall in moneywages

B. Areduction in government spending

C. A fall inthe exchange rate

D. A decrease in the productivity of labour

5.When there is full employment, an advantage ofsupply-side policies is that they

A. immediately benefit the poor.

B. achieve control over the money supply.

C. increase the budget deficit.

D. can bring about anincrease in output without adding to inflation.

6.A government wishing to reduce the level ofunemployment through the use of fiscal policy would be most likely to

A. lowerinterest rates.

B. increasethe size of the budget deficit.

C. increaseinterest rates.

D. encourage a depreciation of the exchangerate.

7.Which one ofthe following is not the influence of the two main instruments of fiscal policyare changes in the level, composition of taxation, and government spending invarious sectors?

A. Aggregate demand and the level of economicactivity

B. Savings and Investment in the economy

C. The distribution of income

D. The relationship between priceand quantity 

8.Expansionary monetary policy is most likely to

A. shift thelong run aggregate supply curve to the left.

B. resultfrom a reduction in taxation.

C. cause asurplus on the current account of the balance of payments.

D. shift the aggregate demand curve to theright. 

9.Which one of the following statements relating tomonetary policy is correct?

A. A cut in interest rates always increasesinflation.

B. While reducing excess demand, aninterest rate rise may increase cost-push inflation.

C. Interest rate changes have noeffect on aggregate supply.

D. An increase in interest rates will raise the level ofinvestment

10.Which one of the following headlines directlyindicates the use of monetary policy?

A. Government commits itself toreducing poverty through an increase in pensions

B. Big increase in public spendingannounced in the budget

C. More money in everyone’s pocketsas taxes are lowered

D. Joy for homeowners as interest rates are slashed