Câu số 1 The economist who concluded that "Inflation is always and

everywhere a monetary phenomenon" is: A Franco Modigliani B John R. Hicks

Câu số 2 When the price levels of goods and services are falling
continuously, this phenomenon is called _________ A Deflation B Stagflation C
Inflation D None of the above Câu số 3 Which of the following concepts is the
opposite of inflation? A Stagflation B None of the above C Deflation D
Recession

Câu số 4 In the early 1990’s extremely high inflation rates of 2500% were
common in Russia. During that time, we can say that as a result of those
inflation rates, Russia was experiencing ___________________. A ultra inflation
B hypo inflation C hyperinflation D perpetual inflation

Câu số 5 When Anders took out his first two-year membership with Maxima
Gym in 2004, the fee was $540. He renewed his membership three times; in
2006 for $580, in 2008, for $600, and again in 2010, for $630. What is the
overall rate of inflation in 2010 compared with 2004 for Anders' gym
membership? A 7% B 16,7% C 5,3% D 8% Câu số 6 Which one of the
following statements is incorrect? Cost push inflation: A can be eliminated by
appropriate monetary and fiscal policies. B is associated with a decrease in
production, income and employment. C can be illustrated by an upward shift
of the AS curve. D is also called stagflation Câu số 7 If the money supply is
growing at a rate of 3% a year, velocity is constant and real GDP is growing
is growing at 2% a year, at what will inflationbe in the economy? A 1% B 6%
C 5% D 3% Câu số 8 If cost-push inflation arises from wage demands by
labor, the government's implied stance may be: A A. Aiming for high
employment (unemployment at the natural rate) B B. Opting to reduce the
fiscal deficit C C. Pursuing expansionary monetary policy D D. Both A and C
are correct Câu số 9 Which of the following groups is most hurt by
unexpected inflation? A people with large debts to pay for their homes and
cars B people with large retirement saving held in saving account with fixed
interest rate C workers with cost of living adjustments in their labour
contracts D homeowners Câu số 10 In quantity theory of money’s equation
of exchange, what does Y represent? A quantity of money B velocity of
money C real GDP D price level Câu số 11 The quantity theory of money and
inflation implies that the inflation rate equals: A The growth rate of the
money supply plus the growth rate of output B The level of money supply
plus the level of output C The level of money supply minus the level of
aggregate output D The growth rate of the money supply minus the growth
rate of real output Câu số 12 If the price index moves from 107 to 110, the
rate of inflation is A 28% B 3% C 2,83% D 30% Câu số 13 The purchasing
power of money varies A Directly with the interest rate B Directly with the
price level C Inversely with the price level D Directly with the volume of
employment Câu số 14 If the money supply is reduced by one-third, what is
predicted by the quantity theory of money? A The general price level
decreases by one-third B Real output falls by one-third C Real output falls by
one-third in the short run, and the price level drops by one-third in the long
run D Real output decreases by one-sixth, and the price level declines by
one-sixth Câu số 15 __________ implies that pressure for price increases
reaches across ______________markets, not just one. A deflation; all B
inflation; all C deflation; most D inflation; most Câu số 16 If the government
finances its spending through tax increases: A It increases reserves and
raises the monetary base B It increases reserves and reduces the monetary
base C It reduces reserves and lowers the monetary base D It has no effect
on the monetary base Câu số 17 If the consumer price index at the end of
2011 was 100 and at the end of 2012 was 120, then the rate of inflation for
2012 was: A 20%. B 16,66%. C 1,5%. D 25%. Câu số 18 Which one of the
following is not a possible cause of demand-pull inflation? A An increase in oil
price B An increase in investment spending. C An increase in government
spending. D An increase in consumption spending. Câu số 19 According to
Keynesian analysis, inflation occurs when: A A continuous increase in the
money supply causes the aggregate demand curve to shift rightward B The
short-run aggregate supply curve persistently shifts leftward, accompanied
by policymakers' targets of higher output and employment C Both
statements are correct D Neither statement is correct Câu số 20 How does
inflation help in the redistribution of income? A Falling prices B
Disproportional change in prices C Rising prices D Proportional changes in
prices Câu số 21 Which type of inflation develops when supply costs Increase
or the amount decreases? A Cost-pull Inflation B Demand-pull Inflation C
Demand-push Inflation D Cost-push Inflation Câu số 22 In Vietnam, inflation
can be calculated in terms of how the overall cost of ___________________
changes over time A all goods and services B all goods C all services D the
basket of goods Câu số 23 If policymakers pursue an unemployment target
below the natural rate, this leads to a phase of high monetary expansion and
causes: A Cost-push inflation B Demand-pull inflation C Demand-push
inflation D Cost-pull inflation Câu số 24 Government spending financing
identity: A DEFICIT = G − T = ∆MB + ∆BONDS B DEFICIT = G − T =
∆MB/∆BONDS C DEFICIT = G − T = ∆MB − ∆BONDS D DEFICIT = G − T =
∆MB × ∆BONDS Câu số 25 If government spending is financed by selling
bonds to... the money supply will..., leading to increased aggregate demand
and rising price levels: A The public, increase B The public, decrease C The
central bank, decrease D The central bank, increase Câu số 26 If too much
money is chasing too few goods, the resulting inflation is known as
__________. A Stagflation B Cost-push inflation C Demand-pull inflation D None
of the above Câu số 27 According to classical economists, the quantity
theory of money explains changes in the price level as resulting: A Partly
from changes in the money supply B Mainly from changes in the money
supply C From changes in factors other than the money supply D Solely from
changes in the money supply Câu số 28 The central can take the measure of
_________ to control inflation within the country. A Controlling public
expenditure B Rationing of credit C Introducing a progressive tax system D
Improving profits of the public sector Câu số 29 According to the Fisher
equation of exchange, an increase in the money supply is most likely to lead
to inflation if: A There is deflation B The velocity of circulation decreases C
The velocity of circulation and the number of transactions is constant D The
number of transactions decreases Câu số 30 When inflation is a result of an
increase in the price of factors of production, the result is ________. A
Stagflation B Cost-push inflation C Demand-pull inflation D None of the above
Câu số 31 A government resorts to __________ to reduce inflation A Cuts in
government spending B Increase in government expenditure C Reduction in
repo rate D None of the above Câu số 32 Which one of the following
statements about inflation is true? Inflation refers to: A a sustained increase
in the general price level B “too much money chasing too few goods”. C a
sudden and self-contained increase in prices. D a small increase in prices.