布兰查德blancard宏观经济学课后习题答案(英文版).pdf

1959:I8.69.28.6
AnswerstoEnd-of-ChapterQuestionsII11.27.311.1
III-0.35.3-0.2
andProblemsIV1.7-1.31.9

Chapter11996:I1.82.61.8
1.a.True.II6.05.25.7
b.True.III1.00.20.6
c.False.IV4.34.54.9
d.True.--------------------------------------------------------
e.False.suggestingthatrecessionstypicallylasttwo-threequartersandthatthemost
f.False.severerecessionsinthatperiodweretherecessionsof1974-75and1981-82.
2.a.1960-981997-99b.PercentageChangesin:
-------------------OutputGrowthInflation
US3.1%3.8%1968:4.74.4
EU3.1%2.5%I7.54.7
Japan5.8%-1.0%II7.14.1
WhiletheUSgrowthratehigherthanitslong-runaverageovertheperiod,theIII3.03.8
growthratehasslowedrelativetolong-runaveragesinboththeEUandJapanIV1.85.5
overthelastfewyears.1969:3.04.7
b.Sometimestheeconomyisgrowingquickly,othertimesitisgrowingslowlyI6.23.8
orevencontracting.ThelastfewyearsofrapidgrowthintheUSdonotimplyII1.05.0
thatthelong-runaveragerateofgrowthhasincreasedbacktoitspre-1974level.III2.35.8
3.a.Thedatainthewebpageare:IV-2.05.1
RealGrossDomesticProduct,1970:0.15.3
RealFinalSalesofDomesticProduct,andI-0.76.0
RealGrossNationalProduct,Quarterly,1959-96II0.65.7
[Percentchangefromprecedingquarter]III3.73.4
--------------------------------------------------------IV-3.95.4
GrossFinalsalesGross1971:3.35.2
domesticofdomesticnationalI11.36.4
productproductproductII2.35.5
--------------------------------------------------------III2.64.4
IV1.13.3
Ifhistorysimplyrepeatsitself,theUnitedStatesmighthaveashortrecessiontt
29.8*(1.03)=(.7*1.09)*(1.09)
(lastingperhapsoneyear)accompaniedbyanaccelerationintherateofinflation
byaboutonepercentagepoint.t≈65years
4.a.Bankingservices,businessservices.
b.NotonlyhastherelativedemandforskilledworkersincreasedbuttheChapter2
industrieswherethiseffectisthestrongestaremakingupagreaterfractionofthe1.a.False.
economy.b.Uncertain:realornominalGDP.
5.1.Lowunemploymentmightleadtoanincreaseininflation.c.True.
2.Althoughmeasurementerrorcertainlycontributestothemeasuredslowdownind.True.
growth,thereareotherissu