FOREIGN TRADE UNIVERSITY FINAL EXAM QUESTIONS

HCMC CAMPUS MACROECONOMICS 1 -KTEE204

ECONOMICS -LAW DEPARTMENT
Semester: II Academic year: 2020 – 2021
TEST N0.1 Full-time/Part-time: Full time
Class code:
Form of Exam: Written test
Duration: 60 minutes

SECTION A. (7.5 MARKS)

Each of these statements is true or false? Explain the reason.

1. In January, 2019, Ngân deposited VND 5 million in her saving account at

Vietcombank and received the interest rate of 10% per year. One year later
(January, 2020), she registered TOEFL IBT contest and decided to withdraw
this sum of money out of the bank. The amount of money she received at this
time was VND 5.5 million. The inflation rate in 2019 was 10%. The purchase
power of Ngân’s deposit did not completely change over time. (1.5 marks)

2. Over time, people have come to reply more on market-produced goods and
less on goods that they produce for themselves. For example, busy people with
high incomes, rather than cleaning their own houses, hire people to clean their
houses. By itself, this change has caused GDP to fall.(1.5 marks)

3. The sticky wage theory of the short-run aggregate supply curve says that
when prices fall unexpectedly, some firms will have lower than desired prices
which increases their sales. (1.5 marks)

4. When the Central Bank increases the required reserve ratio, it will cause
money supply to shift left and investment to decrease. (1.5 marks)

5. In a fixed exchange rate system, if the interest rate of deposits in USD

increased compared to that of deposits in VND, the Central Bank would sell
out USD. (1.5 marks)

SECTION B: PROBLEM SOLVING (2.5 MARKS)

In the annual meeting in July, 2017, the Government ordered the Central Bank
to reduce the lending rate in order to get high economic growth in 2017.
However, the reality showed that in the first half of 2017, the credit growth was
quite good but GDP did not increase commensurately.
1. Explain the logic in the impact of the lending rate policy on the
Government’s objective of the economic growth. (1.5 marks)
2. Why did a good credit growth not go with a commensurate growth in
GDP? (1 mark)

APPROVAL OF DEAN LECTURER

(signature, full name) (signature, full name)