18. To solve the "time inconsistency" problem in macro policy, a nation may well have to
(A)lift all restrictions on future policy moves.
(B) restrict itself in the present from taking certain policy moves in the future.
(C) present policy moves to the public, for example, in a referendum.
(D)use the courts to settle policy disputes.
(E) make the central bank more responsive to the popular will.

1. If the intersection of the IS and LM schedules lies above the BP curve, then (A)there is a balance of payments surplus. (B) there is a balance of payments deficit. (C) the three curves are in equilibrium. (D)net foreign investment is decreasing.

2. If the BP curve sits above the intersection of IS and LM, then (A)the real interest rate and the real income levels are too high resulting in a balance of payments surplus. (B) the nominal interest rate and the real income levels are inconsistent with a balance of payments equilibrium. (C) real money demand is not equal to real income balances. (D)real income balances are greater than real trade balances.

3. If the price level decreases (A)the LM curve will shift to the right. (B) the LM curve will shift to the left. (C) the IS curve will shift to the right. (D)the IS curve will shift to the left.

4. In the figure above, point B represents (A)a current account surplus. (B) a reduction in inventories. (C) a current account deficit. (D)a temporary imbalance in the money markets.

5. The difference between panel A and panel B above is the (A)degree of capital mobility. (B) the choice of policy used. (C) exchange rate regime. (D)degree of price stability.

6. Suppose the price of A is $20, the price of B is $10, and that the consumer is currently spending all available income. At the consumer’s current consumption basket the marginal utility of A is 8 and the marginal utility of B is 2. (A)The consumer is currently maximizing utility. (B) The consumer could increase utility by consuming more of good A and less of good B . (C) The consumer could increase utility by consuming more of good B and less of good A . (D)Nothing can be said about the consumer’s utility because we do not know the consumer’s income or utility function.

7. Suppose that U(x,y) = min(3x,y). Further suppose that Px = $5 per unit and Py = $10 per unit and income is I = $105. For this consumer, the optimal basket to buy would be (A)(x,y) = (9,3) (B) (x,y) = (3,1) (C) (x,y) = (1,3) (D)(x,y) = (3,9)

8. Suppose that MUx = 10 and MUy = 20. Further suppose that the consumer’s budget constraint can be expressed as 20x + 10y = 400. For this consumer, the optimal amount of good x to buy would be (A)5. (B) 0. (C) 20. (D)40.

9. Suppose the consumer’s utility function is given by U(x,y) = xy + y. The equation for this consumer’s demand curve for y when I ＜ Px is (A)y d = 0 (B) (C) (D)y d = 1/2

10. Consider a production function of the form Q = K2 L2 . What is the marginal rate of technical substitution of labor for capital at the point where K = 5 and L = 125? (A)5 (B) 25 (C) 50 (D)0.04

113年 - 113 國立成功大學_碩士班招生考試_交通管理研究所：經濟學#122751

113年 - 113 國立台灣大學_碩士班招生考試試題_土木工程研究所交通組：經濟學(C)(含工程經濟)#119247

112年 - 112 國立成功大學_碩士班招生考試試題_電信管理科學系：經濟學#119853

112年 - 112 國立成功大學_碩士班招生考試試題_交通管理科學系：經濟學#119711

112年 - 112 國立台灣大學_碩士班招生考試試題：經濟學(C)#119248

111年 - 111 國立臺灣大學_碩士班招生考試試題：經濟學 (C)#120838

110年 - 110 國立成功大學_碩士班招生考試試題_交通管理科學系、電信管理研究所：經濟學#121619

110年 - 110 國立臺灣大學_碩士班招生考試_國家發展研究所甲組:經濟學(B)#112010

110年 - 110 國立政治大學_碩士班招生考試_金融、財務管理:經濟學#110753

110年 - 110 國立中央大學_碩士班招生考試_企業管理學系/工商管理甲、乙組(一般生):經濟學#110460