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• 2. Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August2
• 3. To avoid double counting in the calculation of GDP, which types of goods are typically excluded f
• 4. In a country with unusually high tax rates, one might expect that ________.(A) GDP might be overs
• 5. Using the Cobb-Douglas production function, while holding other inputs constant, if the amount of
• 6. Based on the table 1 "Real and Nominal GDP," if year one is the base year, then the rea
• 7. A technology shock could have a different impact than a natural catastrophe because ________.(A)
• 8. In the long run, larger budget deficits lead to ________.(A) higher saving levels(B) a fall in in
• 9. When the Fed buys government securities in the open market, the money supply ________ because____
• 10. M1 does not include cash that is held in ATMs or bank vaults, because ________.(A) no one really
• 11. Rising inflation causes quantity demanded to decline, because ________.(A) the central bank rais
• 12. The assumption that in the long run prices and wages are fully flexible implies that the long-ru
• 13. According to the "self-correcting mechanism" in the AD-AS framework, ________.(A) the
• 14. The "tech bubble" burst of 2000, the terrorist attacks of 2001 and the corporate scand
• 15. Suppose that inflation is at the target rate and output has fallen substantially below potential
• 16. The term "sovereign debt crisis" applies when ________.  (A) private businesses cannot
• 17. On the Graph 1 AD-AS Shocks, an example of a positive demand shock is the movement from point___
• 18. The theory of purchasing power parity suggests that, in the long-run, exchange rates are determi
• 19. A rise in the expected future exchange rate will tend to cause, other things the same ________.(
• 20. You can spend $10 for lunch and you would like to purchase two cheeseburgers. When you get to th
• 21. As coffee becomes more expensive, Joe starts drinking tea instead of coffee. This is called:(A)
• 22. Which of the following is NOT a characteristic of a market in equilibrium?(A) There is neither e
• 23. An increase in both the equilibrium price and the equilibrium quantity of DVD players is best ex
• 24.是商品 X 與 Y 的交 叉彈性值，其值為負。如果 的絕對值愈大，則代表 X 與 Y 的(A) 替代程度愈高。(B) 替代程度愈低。(C) 互補程度愈高。(D) 互補程度愈低。
• 2. Which of the following statements related to chemical bonding is (are) correct?(AB) The hybrid or
• 3. Which of the following statements is (are) correct?(AB) Electron diffraction by a crystal can sup