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1、CompetingViewsinMacroeconomicTheory1.Fromthemainstreamperspective,instabilityintheeconomyisduetoprice??A.?flexibilityandshockstoeitheraggregatedemandoraggregatesupply.B.?stickinessandshockstoeitheraggregatedemandoraggregatesupply.C.?flexibilityandgovernmentpolicie
2、sandregulation.???D.?stickinessandgovernmentpoliciesandregulation.?2.Inthemainstreamview,onemajorsourceofinstabilityinthemacroeconomyisthevolatilityof??A.?productprices.B.?investmentspending.C.?consumerspending.D.?laborwages.?3.Accordingtomainstreameconomiststheba
3、sicdeterminantofrealoutput,employment,andthepricelevelis??A.?informationandpeople'sexpectations.B.?thelevelofaggregateexpenditures.C.?theincentivetowork,save,andinvest.D.?thesupplyofmoney.?4.Inthemonetaristview??A.?changesininvestmentspendingareamajorsourceofmacro
4、economicinstability.B.?inappropriatemonetarypolicyisamajorsourceofmacroeconomicstability.C.?adverseaggregatesupplyshocksareamajorsourceofmacroeconomicinstability.D.?thefactthatpricesandwagesareflexibleisamajorsourceofmacroeconomicinstability.?5.Theviewthatchangesi
5、nthemoneysupplyistheprimarycauseofchangeinrealoutputandthepricelevelismostcloselyassociatedwith??A.?rationalexpectationstheory.B.?realbusinesscycletheory.C.?mainstreameconomics.D.?monetarism.?6.Fromamonetaristperspective,instabilityinthemacroeconomyarisesfrom??A.?
6、seculartrendsintheeconomy.B.?theinstabilityofvelocityasapolicytool.C.?discretionarychangesinmonetarypolicy.D.?theuseofamonetaryruleformonetarypolicy.?7.Monetaristsarguethattheamountofmoneythepublicwillwanttoholddependsprimarilyonthelevelof??A.?nominalGDP.B.?invest
7、ment.C.?consumption.D.?prices.?8.Inthestrictmonetaristview,alargeincreaseinthemoneysupplywillhave??A.?alargeimpactonthevelocityofmoneyandalargeimpactonnominaloutput.B.?alargeimpactonthevelocityofmoneyandasmallimpactonnominaloutput.C.?noeffectonthevelocityofmoneyan
8、dalargeimpactonnominaloutput.D.?noeffectonthevelocityofmoneyandasmallimpactonthenominaloutput.?9.Monetaristsarguethattherelationshipbetween??A.?thequant