04.单选题 已收藏 标记 纠错 The least likely goal of a government's fiscal policy is to: A redistribute income and wealth B influence aggregate national output C ensure the stability of the purchasing power of its currency 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：71% Tools of fiscal policy 难度：一般 推荐：      答案解析 Ensuring stable purchasing power is a goal of monetary rather than fiscal policy. Fiscal policy involves the use of government spending and tax revenue to affect the overall level of aggregate demand in an economy and hence the level of economic activity. 问：货币购买力是啥意思，如何和货币政策相关

03.单选题 已收藏 标记 纠错 The least likely explanation for why fiscal policy cannot stabilize aggregate demand completely is that A private sector behavior changes over time. B policy changes are implemented very quickly. C fiscal policy focuses more on inflation than on unemployment. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：54% Tools of fiscal policy 难度：一般 推荐：      答案解析 Fiscal policy is subject to recognition, action, and impact lags. 问：C选项为什么是财政政策的缺陷之一？

老师，我想问一下，如果不用现金流折现求和公式去想的话，return被高估，应该是price也被同样高估呀？因为资产的收益越高的话，价格也高才对啊？有点想不通这个问题，麻烦您解答一下

题目数字给错了。

F/S=1+Rx/1+Ry rx是本国货币利率？ 那如果RMB/USD中，RMB是本国货币还是USD是本国货币？

04.单选题 已收藏 标记 纠错 Quantitative easing (QE), as a monetary policy tool, will most likely help revive an ailing economy in which of the following environments？ A Liquidity trap . B Declining bank reserves and economic activity . C Deflationary trap. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：45% Limitations of monetary policy难度：一般 推荐：      答案解析 Quantitative easing (QE) is an “unconventional” approach to monetary policy and is operationally similar to open market purchase operations but conducted on a much larger scale. The additional reserves created by central banks in a policy of quantitative easing can be used to buy any asset. The idea was that this additional reserve would kick-start lending, causing broad money growth to expand, which would eventually lead to an increase in real economic activity. 问：B怎么翻译？C选项为什么不选？

Why will deflation be persist despite expansionary monetary policy? A bond market vigilantes. B a liquidity trap. C inelastic demand for money. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：73% Limitations of monetary policy难度：一般 推荐：      答案解析 Deflation is often associated with liquidity trap conditions. A liquidity trap is a situation in which demand for money becomes highly elastic. Expanding the money supply has little effect on economic activity under these conditions because individuals and firms choose to hold the additional money in cash. “Bond market vigilantes” is an expression referring to the fact that expansionary monetary policy may cause long-term interest rates to increase, instead of decreasing as intended, if bond market participants expect the expansionary policy to increase future inflation rates. 问：这道题B能选出来，请问A C选项是什么意思

第10题越想越糊涂，Asset beta 和 equity beta到底如何变化，计算依据？ 第11题，BC请帮忙一起解释，谢谢

06.单选题 已收藏 标记 纠错 A country that maintains a target exchange rate is most likely to have which outcome when its inflation rate rises above the level of the inflation rate in the target country? A An increase in short-term interest rates. B An increase in the domestic money supply. C An increase in its foreign currency reserves. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：52% Tools of the central bank难度：一般 推荐：      答案解析 Interest rates are expected to rise to protect the exchange rate target. 问：C的逻辑可以讲一下吗？我恰恰觉得如果要维持本国汇率不变 应该增加外汇储备

老师，请问这道题为什么不用成对数检验呢？而是用的一个u的T-test呢？