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Money and credit - Ivanov V.M.

test questions

1. When in Europe came to the conclusion about the influence of money on the level of domestic prices?

2. What phases of development does a typical business cycle consist of?

3. What is the role of money in the business cycle?

4. The main differences in approaches to the monetary policy strategy of monetarists and Keynesians.

5. Differences of the modern theory of synthesis from monetarism and Keynesianism.

Tests for self-control

1. Under the price revolution in the XVI century. in Europe understand:

a) events in the Netherlands in 1566-1609;

b) reformation;

c) the rapid growth of living standards;

d) the rapid increase in the price level;

e) the answers a), d) are correct;

e) all answers are incorrect.

2. The business cycle is:

a) a model of money supply growth and inflation;

b) a model illustrating the rapid growth of the money supply;

c) a model of the relationship of the price level with the growth of the money supply;

d) a model illustrating periods of growth in real output, alternating with its decline;

e) the answers a), c) are correct;

e) all answers are correct.

3. The business cycle consists of phases:

a) peak and bottom;

b) recession and expansion;

c) peak, bottom and expansion;

d) compression, bottom, expansion and peak;

e) the answers a), b) are correct;

e) all answers are incorrect.

4. The most serious work examining the role of money and money circulation in the business cycle was written by:

a) J. Keynes and A. Boleyn;

b) M. Friedman and A. Schwartz;

c) E. Hamilton and A. Astor;

d) E. Dolan and A. Campbell.

5. Monetary theory at the present stage is:

a) monetarism and modern quantitative theory;

b) monetarism and Keynesianism;

c) the synthesis of monetarism and Keynesianism;

d) the theory developed by E. Dolan;

e) the answers a), d) are correct;

e) all answers are incorrect.