Question 1

The Philips curve is based on a tradeoff between

Accepted Answer

A)  inflation and unemployment. 
B)  deflation and unemployment. 
C)  inflation and budget deficit. 
D)  unemployment and trade deficit. 
E)  inflation and imports. 
A)  inflation and unemployment. 
B)  deflation and unemployment. 
C)  inflation and budget deficit. 
D)  unemployment and trade deficit. 
E)  inflation and imports.

Question 2

A large body of research suggests that leftist and rightist governments in the advanced industrialized countries have not in fact pursued distinct macroeconomic policies throughout the post WW II era.

Accepted Answer

A) True 
 B)False

Question 3

The sectoral model of monetary and exchange-rate politics assumes that all governments want to value monetary policy autonomy more than exchange-rate stability.

Accepted Answer

A) True 
 B)False

Question 4

Governments in advanced industrial societies have consistently chosen domestic economic autonomy over exchange-rate stability only since the

Accepted Answer

A)  1860s. 
B)  1880s. 
C)  1900s. 
D)  1920s. 
E)  1940s. 
A)  1860s. 
B)  1880s. 
C)  1900s. 
D)  1920s. 
E)  1940s.

Question 5

According to Oatley,which of the following groups is not a domestic actor group according to the sectoral model?

Accepted Answer

A)  Import-competing producers 
B)  Export-oriented producers 
C)  Nontraded-goods producers 
D)  Financial services industry 
E)  Natural resources industry 
A)  Import-competing producers 
B)  Export-oriented producers 
C)  Nontraded-goods producers 
D)  Financial services industry 
E)  Natural resources industry

Question 6

Explain the pros and cons of a weak versus a strong dollar in the contemporary international political economy.

Accepted Answer

A weak dollar can have both pros and con

Question 7

Both the institutional and partisan models of monetary and exchange-rate politics assume that all governments want to retain monetary policy autonomy in order to manage the domestic economy.

Accepted Answer

A) True 
 B)False

Question 8

Because Keynes believed that the cause of persistent high unemployment ultimately lay in adequate demand for goods,he proposed that governments use fiscal and monetary policies to

Accepted Answer

A)  manage interest rates. 
B)  manage aggregate demand. 
C)  manage savings rates. 
D)  manage budget deficits. 
E)  manage imports. 
A)  manage interest rates. 
B)  manage aggregate demand. 
C)  manage savings rates. 
D)  manage budget deficits. 
E)  manage imports.

Question 9

Keynes believed that the cause of persistent high unemployment ultimately lay in the inadequate demand for goods.

Accepted Answer

A) True 
 B)False

Question 10

According to the electoral model,eighteen months prior to an election,politicians are more likely to adopt

Accepted Answer

A)  policies that fight inflation. 
B)  policies that inhibit economic growth. 
C)  policies that try to lower unemployment. 
D)  policies that try to stabilize exchange rates. 
E)  policies that devalue the currency. 
A)  policies that fight inflation. 
B)  policies that inhibit economic growth. 
C)  policies that try to lower unemployment. 
D)  policies that try to stabilize exchange rates. 
E)  policies that devalue the currency.

Question 11

Which of the following statements is true?

Accepted Answer

A)  When capital is mobile, imbalances arise slowly after a change in monetary policy. 
B)  When capital is immobile, imbalances arise rapidly after a change in monetary policy. 
C)  When capital is mobile, imbalances are usually pretty small. 
D)  When capital is immobile, imbalances are usually very large. 
E)  When capital is immobile, imbalances are usually pretty small. 
A)  When capital is mobile, imbalances arise slowly after a change in monetary policy. 
B)  When capital is immobile, imbalances arise rapidly after a change in monetary policy. 
C)  When capital is mobile, imbalances are usually pretty small. 
D)  When capital is immobile, imbalances are usually very large. 
E)  When capital is immobile, imbalances are usually pretty small.

Question 12

Investment expenditures typically account for about __________ of total national expenditures.

Accepted Answer

A)  10% 
B)  20% 
C)  30% 
D)  40% 
E)  50% 
A)  10% 
B)  20% 
C)  30% 
D)  40% 
E)  50%

Question 13

In constitutional democracies politicians must win approval of veto players to adjust macroeconomic policies to their benefit.Examples of veto players do not include

Accepted Answer

A)  opposition political parties. 
B)  independent domestic government institutions. 
C)  sub-national units with influence over economic policy. 
D)  state governments in the United States. 
E)  foreign government institutions. 
A)  opposition political parties. 
B)  independent domestic government institutions. 
C)  sub-national units with influence over economic policy. 
D)  state governments in the United States. 
E)  foreign government institutions.

Question 14

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the electoral approach?

Accepted Answer

A)  It tells us little about exchange-rate policy at other times other than election periods. 
B)  Different political parties pursue distinct macroeconomic objectives. 
C)  Right wing parties are typically less concerned about unemployment and more concerned about inflation. 
D)  It does not assume that all governments value monetary autonomy more than exchange-rate stability. 
E)  Exchange rate policy is determined by the group that has the greatest influence regardless of elections. 
A)  It tells us little about exchange-rate policy at other times other than election periods. 
B)  Different political parties pursue distinct macroeconomic objectives. 
C)  Right wing parties are typically less concerned about unemployment and more concerned about inflation. 
D)  It does not assume that all governments value monetary autonomy more than exchange-rate stability. 
E)  Exchange rate policy is determined by the group that has the greatest influence regardless of elections.

Question 15

The three society-based models of monetary and exchange rate politics are

Accepted Answer

A)  an institutional model,a partisan model,and a factor model. 
B)  an organizational model, a partisan model, and a sectoral model. 
C)  an institutional model, a neutral model, and a sectoral model. 
D)  an institutional model, a production model, and a sectoral model. 
E)  an institutional model, a partisan model, and a sectoral model. 
A)  an institutional model,a partisan model,and a factor model. 
B)  an organizational model, a partisan model, and a sectoral model. 
C)  an institutional model, a neutral model, and a sectoral model. 
D)  an institutional model, a production model, and a sectoral model. 
E)  an institutional model, a partisan model, and a sectoral model.

Question 16

Between 1995 and 2001,the dollar rose in value against America's largest trading partners by

Accepted Answer

A)  10%. 
B)  15%. 
C)  20%. 
D)  25%. 
E)  30%. 
A)  10%. 
B)  15%. 
C)  20%. 
D)  25%. 
E)  30%.

Question 17

The partisan model of monetary and exchange-rate politics is based on a trade-off between unemployment and inflation.

Accepted Answer

A) True 
 B)False

Question 18

In Great Britain until 1884,only

Accepted Answer

A)  3.3% of the population could vote. 
B)  6.3% of the population could vote. 
C)  9.3% of the population could vote. 
D)  12.3% of the population could vote. 
E)  15.3% of the population could vote. 
A)  3.3% of the population could vote. 
B)  6.3% of the population could vote. 
C)  9.3% of the population could vote. 
D)  12.3% of the population could vote. 
E)  15.3% of the population could vote.

Question 19

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the sectoral model?

Accepted Answer

A)  The sectoral approach may underestimate the importance that export-oriented firms attach to exchange rate stability. 
B)  The sectoral approach may overestimate the importance that the traded goods sector attaches to a strong currency. 
C)  The sectoral model tells us little about exchange-rate policy outcomes. 
D)  The sectoral approach may overestimate the importance that export-oriented firms attach to monetary-policy autonomy. 
E)  The sectoral approach may underestimate the importance that the traded goods sector attaches to a weak currency. 
A)  The sectoral approach may underestimate the importance that export-oriented firms attach to exchange rate stability. 
B)  The sectoral approach may overestimate the importance that the traded goods sector attaches to a strong currency. 
C)  The sectoral model tells us little about exchange-rate policy outcomes. 
D)  The sectoral approach may overestimate the importance that export-oriented firms attach to monetary-policy autonomy. 
E)  The sectoral approach may underestimate the importance that the traded goods sector attaches to a weak currency.

Question 20

Between 2003 and 2010,the dollar has depreciated against America's principal trading partners

Accepted Answer

A)  between 5 and 10 percent. 
B)  between 15 and 20 percent. 
C)  between 25 and 30 percent. 
D)  between 30 and 40 percent. 
E)  between 40 and 50 percent. 
A)  between 5 and 10 percent. 
B)  between 15 and 20 percent. 
C)  between 25 and 30 percent. 
D)  between 30 and 40 percent. 
E)  between 40 and 50 percent.

The Philips curve is based on a tradeoff between

A large body of research suggests that leftist and rightist governments in the advanced industrialized countries have not in fact pursued distinct macroeconomic policies throughout the post WW II era.

The sectoral model of monetary and exchange-rate politics assumes that all governments want to value monetary policy autonomy more than exchange-rate stability.

Governments in advanced industrial societies have consistently chosen domestic economic autonomy over exchange-rate stability only since the

According to Oatley,which of the following groups is not a domestic actor group according to the sectoral model?

Explain the pros and cons of a weak versus a strong dollar in the contemporary international political economy.

Both the institutional and partisan models of monetary and exchange-rate politics assume that all governments want to retain monetary policy autonomy in order to manage the domestic economy.

Because Keynes believed that the cause of persistent high unemployment ultimately lay in adequate demand for goods,he proposed that governments use fiscal and monetary policies to

Keynes believed that the cause of persistent high unemployment ultimately lay in the inadequate demand for goods.

According to the electoral model,eighteen months prior to an election,politicians are more likely to adopt

Which of the following statements is true?

Investment expenditures typically account for about __________ of total national expenditures.

In constitutional democracies politicians must win approval of veto players to adjust macroeconomic policies to their benefit.Examples of veto players do not include

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the electoral approach?

The three society-based models of monetary and exchange rate politics are

Between 1995 and 2001,the dollar rose in value against America's largest trading partners by

The partisan model of monetary and exchange-rate politics is based on a trade-off between unemployment and inflation.

In Great Britain until 1884,only

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the sectoral model?

Between 2003 and 2010,the dollar has depreciated against America's principal trading partners

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The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development I: Import Substitution Industrialization

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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Exam 12: A Society-Centered Approach to Monetary and Exchange-Rate Policies

The Philips curve is based on a tradeoff between

A large body of research suggests that leftist and rightist governments in the advanced industrialized countries have not in fact pursued distinct macroeconomic policies throughout the post WW II era.

The sectoral model of monetary and exchange-rate politics assumes that all governments want to value monetary policy autonomy more than exchange-rate stability.

Governments in advanced industrial societies have consistently chosen domestic economic autonomy over exchange-rate stability only since the

According to Oatley,which of the following groups is not a domestic actor group according to the sectoral model?

Explain the pros and cons of a weak versus a strong dollar in the contemporary international political economy.

Both the institutional and partisan models of monetary and exchange-rate politics assume that all governments want to retain monetary policy autonomy in order to manage the domestic economy.

Because Keynes believed that the cause of persistent high unemployment ultimately lay in adequate demand for goods,he proposed that governments use fiscal and monetary policies to

Keynes believed that the cause of persistent high unemployment ultimately lay in the inadequate demand for goods.

According to the electoral model,eighteen months prior to an election,politicians are more likely to adopt

Which of the following statements is true?

Investment expenditures typically account for about __________ of total national expenditures.

In constitutional democracies politicians must win approval of veto players to adjust macroeconomic policies to their benefit.Examples of veto players do not include

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the electoral approach?

The three society-based models of monetary and exchange rate politics are

Between 1995 and 2001,the dollar rose in value against America's largest trading partners by

The partisan model of monetary and exchange-rate politics is based on a trade-off between unemployment and inflation.

In Great Britain until 1884,only

Which of the following reasons is a weakness of the explanation of exchange-rate policy changes according to the sectoral model?

Between 2003 and 2010,the dollar has depreciated against America's principal trading partners

International Political Economy

The World Trade Organization and the World Trade System

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development I: Import Substitution Industrialization

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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