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Question : 91) Most economists now accept the proposition that A) an ideal : 1384474

Economics

 

91) Most economists now accept the proposition that

A) an ideal monetary policy would allow the money supply to grow at a constant rate.

B) to reduce the long-run rate of inflation there must be a sustained monetary contraction.

C) monetary policy leaves real GDP and the overnight lending rate unaffected in the short run.

D) lowering the Bank Rate will have no effect on desired investment in the short run but will have a direct effect on core inflation.

E) monetary policy is the only policy tool available for influencing aggregate demand.

92) Suppose Canadian real GDP is currently equal to potential GDP. Then, because of events elsewhere in the world, European investors decide to hold fewer Canadian financial assets, which leads to a sustained depreciation of the Canadian dollar. If the Bank of Canada is committed to its inflation target then it should

A) implement an expansionary monetary policy by increasing its target for the overnight interest rate.

B) implement an expansionary monetary policy by decreasing its target for the overnight interest rate.

C) not intervene in the economy at all since this shock will not have any real effects in the short run.

D) implement a contractionary monetary policy by increasing its target for the overnight interest rate.

E) implement a contractionary monetary policy by decreasing its target for the overnight interest rate.

93) Suppose Canadian real GDP is currently equal to potential GDP. Then the Canadian dollar depreciates due to the reduced demand by European producers to purchase Canadian-made raw materials. If the Bank of Canada is committed to its inflation target then it should

A) implement an expansionary monetary policy by increasing its target for the overnight interest rate.

B) implement an expansionary monetary policy by decreasing its target for the overnight interest rate.

C) not intervene in the economy at all since this shock will not have any real effects in the short run.

D) implement a contractionary monetary policy by increasing its target for the overnight interest rate.

E) implement a contractionary monetary policy by decreasing its target for the overnight interest rate.

94) Which of the following events would justify the Bank of Canada implementing an expansionary monetary policy, while maintaining its commitment to its inflation target?

A) The appreciation of the Canadian dollar due to increases in the world prices of Canadian exports.

B) The depreciation of the Canadian dollar due to persistent current account deficits of Canada.

C) The OPEC oil-price shocks that result in inflation.

D) The U.S. economy increasing its demand for Canadian goods and services.

E) The stock market crash following the terrorist attacks on September 11, 2001.

95) Suppose Canadian real GDP is equal to potential GDP. An appreciation of the Canadian dollar then implies that the Bank of Canada should engage in

A) a loosening of monetary policy because of the excess demand for Canadian products that is creating the appreciation.

B) a tightening of monetary policy because of the excess demand for Canadian products that is creating the appreciation.

C) no change in monetary policy because the exchange rate is always allowed to float freely.

D) an increase in inflation because of the higher cost of imports.

E) either a contractionary or an expansionary policy, depending on the cause of the appreciation.

96) Suppose Canadian real GDP is equal to potential GDP. A significant and sustained appreciation of the Canadian dollar on the foreign-exchange market then requires the Bank of Canada to

A) engage in expansionary monetary policy to counter the rise in the dollar.

B) engage in contractionary monetary policy to counter the rise in the dollar.

C) identify the cause of the change in the exchange rate before taking any action to adjust policy.

D) increase the target band for the inflation rate.

E) increase the target band for the overnight lending rate.

97) Suppose Canadian real GDP is equal to potential GDP. A significant and sustained appreciation of the Canadian dollar would likely lead the Bank to engage in a contractionary monetary policy if the Bank’s policy experts traced the cause of the appreciation to

A) a decrease in the overnight lending rate.

B) an increase in the desire of non-residents to purchase Canadian financial assets.

C) an increase in the desire of non-residents to purchase more Canadian goods and services.

D) a reduction in Canada’s core inflation rate.

E) a recession in Canada.

98) Suppose Canadian real GDP is equal to potential GDP. A significant and sustained appreciation of the Canadian dollar would likely lead the Bank to engage in an expansionary monetary policy if the Bank’s policy experts traced the cause of the appreciation to

A) a decrease in the overnight lending rate.

B) an increase in the desire of non-residents to purchase Canadian financial assets.

C) an increase in the desire of non-residents to purchase more Canadian goods and services.

D) a reduction in Canada’s core inflation rate.

E) a recession in Canada.

99) Time lags in monetary policy can cause

A) monetary policy to work in the opposite direction to what was initially predicted by economists.

B) an expansionary policy to have a smaller effect than what was expected by policymakers.

C) monetary expansions to work very quickly but cause monetary contractions to work very slowly.

D) difficulty in the timing of appropriate policy and can even lead to destabilization.

E) short-term monetary policy to work more effectively than long-term targeting.

100) Economists at the Bank of Canada estimate that time lags in monetary policy imply that

A) monetary policy is totally ineffective in changing overnight lending rates in the short run.

B) monetary policy is totally ineffective in changing core inflation rates in the long run.

C) monetary policy can cause changes in real GDP to occur in 9-12 months and changes in core inflation to occur in 18-24 months.

D) monetary policy can cause changes in core inflation to occur in 9-12 months and changes in the exchange rate to occur in 18-24 months.

E) monetary policy can cause changes in core inflation to occur in 9 to 12 months and changes in real GDP to occur in 18-24 months.

 

 

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July 1, 2023
    

 

11.Being certain that your measurements are consistent with your goals most strongly affects which of the following?

a.The validity of your assessment

b.The reliability of your assessment

c.The formalization of your assessment

d.The criterion-referencing of your assessment

 

12.The extent to which teachers gather information about their students that is consistent best describes:

a.authenticity.

b.reliability.

c.validity.

d.objectivity.

 

13.According to research, of the following, which type of teacher-made test is least reliable?

a.Essay

b.Completion

c.Multiple choice

d.True-false

 

14.Of the following, the best way to increase the reliability of an assessment is to:

a.make it longer.

b.make it more subjective.

c.make it an essay test.

d.use authentic assessment.

15.Of the following, a teacher can best increase the reliability of a paper-and-pencil assessment by:

a.increasing the difficulty level of the items.

b.increasing the number of items on the test.

c.changing the format from multiple choice to completion.

d.making the test about half essay and half objective in format.

 

16.Cheryl Poulos is philosophically opposed to tests with her third graders on the grounds that it puts undue stress on them.  She assigns grades based on their responses in class, arguing, “I call on all the students regularly, and I can tell from their answers whether or not they understand the content.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be valid but not reliable.

b.Her assessments are likely to be reliable but not valid.

c.Her assessments are likely to be both valid and reliable.

d.Her assessments are likely to be both invalid and unreliable.

 

17.Kathee Proctor doesn’t give language arts or math tests to her second graders.  “I don’t see the need for them,” she argues.  “I have particular things I want to see in their work, and I collect language arts writing papers a couple days a week, and I listen carefully to the way they answer math questions in class. I have plenty of information to use in assigning grades.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be both valid and reliable.

b.Her assessments are likely to be valid but not reliable.

c.Her assessments are likely to be reliable but not valid.

d.Her assessments are likely to be both invalid and unreliable.

 

18.At Henderson Elementary School, grades are not assigned to kindergarten or first-grade students; instead, teachers check satisfactory or unsatisfactory.  As a result, the teachers don’t use formal assessments, instead relying on their informal observations of the students’ behavior.  Based on this information, which of the following is the most accurate statement?

a.Their assessments are likely to be valid but not reliable.

b.Their assessments are likely to be reliable but not valid.

c.Their assessments are likely to be both valid and reliable.

d.Their assessments are likely to be both invalid and unreliable.

 

Using the following vignette for items 19 and 20.

 

Gigi Parker is emphasizing grammatically correct writing and expression of thought in writing with her students.  She has begun using portfolios, where systematic collections of her students’ work are placed for review and evaluation.  She puts work samples in the portfolio at least three days a week, and she is careful to date the samples to help in assessing her students’ progress.  In examining her students’ work, she checks for grammar, punctuation, spelling, and clear expression of thought, and she assigns grades on that basis.

 

19.If Gigi is consistent with patterns identified by research, which of the following is most likely?

a.Gigi is an elementary teacher.

b.Gigi is a middle school teacher.

c.Gigi is a high school teacher.

 

20.Based on the information about Gigi’s assessments, which of the following is the most accurate statement?

a.They are likely to be both reliable and valid.

b.They are likely to be reliable but not valid.

c.They are likely to be valid but not reliable.

d.They are likely to be both invalid and unreliable.

 

 

 

default image
July 1, 2023
    

 

11.Being certain that your measurements are consistent with your goals most strongly affects which of the following?

a.The validity of your assessment

b.The reliability of your assessment

c.The formalization of your assessment

d.The criterion-referencing of your assessment

 

12.The extent to which teachers gather information about their students that is consistent best describes:

a.authenticity.

b.reliability.

c.validity.

d.objectivity.

 

13.According to research, of the following, which type of teacher-made test is least reliable?

a.Essay

b.Completion

c.Multiple choice

d.True-false

 

14.Of the following, the best way to increase the reliability of an assessment is to:

a.make it longer.

b.make it more subjective.

c.make it an essay test.

d.use authentic assessment.

15.Of the following, a teacher can best increase the reliability of a paper-and-pencil assessment by:

a.increasing the difficulty level of the items.

b.increasing the number of items on the test.

c.changing the format from multiple choice to completion.

d.making the test about half essay and half objective in format.

 

16.Cheryl Poulos is philosophically opposed to tests with her third graders on the grounds that it puts undue stress on them.  She assigns grades based on their responses in class, arguing, “I call on all the students regularly, and I can tell from their answers whether or not they understand the content.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be valid but not reliable.

b.Her assessments are likely to be reliable but not valid.

c.Her assessments are likely to be both valid and reliable.

d.Her assessments are likely to be both invalid and unreliable.

 

17.Kathee Proctor doesn’t give language arts or math tests to her second graders.  “I don’t see the need for them,” she argues.  “I have particular things I want to see in their work, and I collect language arts writing papers a couple days a week, and I listen carefully to the way they answer math questions in class. I have plenty of information to use in assigning grades.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be both valid and reliable.

b.Her assessments are likely to be valid but not reliable.

c.Her assessments are likely to be reliable but not valid.

d.Her assessments are likely to be both invalid and unreliable.

 

18.At Henderson Elementary School, grades are not assigned to kindergarten or first-grade students; instead, teachers check satisfactory or unsatisfactory.  As a result, the teachers don’t use formal assessments, instead relying on their informal observations of the students’ behavior.  Based on this information, which of the following is the most accurate statement?

a.Their assessments are likely to be valid but not reliable.

b.Their assessments are likely to be reliable but not valid.

c.Their assessments are likely to be both valid and reliable.

d.Their assessments are likely to be both invalid and unreliable.

 

Using the following vignette for items 19 and 20.

 

Gigi Parker is emphasizing grammatically correct writing and expression of thought in writing with her students.  She has begun using portfolios, where systematic collections of her students’ work are placed for review and evaluation.  She puts work samples in the portfolio at least three days a week, and she is careful to date the samples to help in assessing her students’ progress.  In examining her students’ work, she checks for grammar, punctuation, spelling, and clear expression of thought, and she assigns grades on that basis.

 

19.If Gigi is consistent with patterns identified by research, which of the following is most likely?

a.Gigi is an elementary teacher.

b.Gigi is a middle school teacher.

c.Gigi is a high school teacher.

 

20.Based on the information about Gigi’s assessments, which of the following is the most accurate statement?

a.They are likely to be both reliable and valid.

b.They are likely to be reliable but not valid.

c.They are likely to be valid but not reliable.

d.They are likely to be both invalid and unreliable.

 

 

 

default image
July 1, 2023
    

 

11.Being certain that your measurements are consistent with your goals most strongly affects which of the following?

a.The validity of your assessment

b.The reliability of your assessment

c.The formalization of your assessment

d.The criterion-referencing of your assessment

 

12.The extent to which teachers gather information about their students that is consistent best describes:

a.authenticity.

b.reliability.

c.validity.

d.objectivity.

 

13.According to research, of the following, which type of teacher-made test is least reliable?

a.Essay

b.Completion

c.Multiple choice

d.True-false

 

14.Of the following, the best way to increase the reliability of an assessment is to:

a.make it longer.

b.make it more subjective.

c.make it an essay test.

d.use authentic assessment.

15.Of the following, a teacher can best increase the reliability of a paper-and-pencil assessment by:

a.increasing the difficulty level of the items.

b.increasing the number of items on the test.

c.changing the format from multiple choice to completion.

d.making the test about half essay and half objective in format.

 

16.Cheryl Poulos is philosophically opposed to tests with her third graders on the grounds that it puts undue stress on them.  She assigns grades based on their responses in class, arguing, “I call on all the students regularly, and I can tell from their answers whether or not they understand the content.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be valid but not reliable.

b.Her assessments are likely to be reliable but not valid.

c.Her assessments are likely to be both valid and reliable.

d.Her assessments are likely to be both invalid and unreliable.

 

17.Kathee Proctor doesn’t give language arts or math tests to her second graders.  “I don’t see the need for them,” she argues.  “I have particular things I want to see in their work, and I collect language arts writing papers a couple days a week, and I listen carefully to the way they answer math questions in class. I have plenty of information to use in assigning grades.”  Based on this information, which of the following is the most accurate statement?

a.Her assessments are likely to be both valid and reliable.

b.Her assessments are likely to be valid but not reliable.

c.Her assessments are likely to be reliable but not valid.

d.Her assessments are likely to be both invalid and unreliable.

 

18.At Henderson Elementary School, grades are not assigned to kindergarten or first-grade students; instead, teachers check satisfactory or unsatisfactory.  As a result, the teachers don’t use formal assessments, instead relying on their informal observations of the students’ behavior.  Based on this information, which of the following is the most accurate statement?

a.Their assessments are likely to be valid but not reliable.

b.Their assessments are likely to be reliable but not valid.

c.Their assessments are likely to be both valid and reliable.

d.Their assessments are likely to be both invalid and unreliable.

 

Using the following vignette for items 19 and 20.

 

Gigi Parker is emphasizing grammatically correct writing and expression of thought in writing with her students.  She has begun using portfolios, where systematic collections of her students’ work are placed for review and evaluation.  She puts work samples in the portfolio at least three days a week, and she is careful to date the samples to help in assessing her students’ progress.  In examining her students’ work, she checks for grammar, punctuation, spelling, and clear expression of thought, and she assigns grades on that basis.

 

19.If Gigi is consistent with patterns identified by research, which of the following is most likely?

a.Gigi is an elementary teacher.

b.Gigi is a middle school teacher.

c.Gigi is a high school teacher.

 

20.Based on the information about Gigi’s assessments, which of the following is the most accurate statement?

a.They are likely to be both reliable and valid.

b.They are likely to be reliable but not valid.

c.They are likely to be valid but not reliable.

d.They are likely to be both invalid and unreliable.

 

 

 

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