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The long-run aggregate supply curve is vertical at the level of output:
发布时间:
2024-06-12 23:26:42
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相关试题
1.
The assumption of constant velocity in the quantity equation is the equivalent of the assumption of a constant:选项: A:short-run aggregate supply curve. B:long-run aggregate supply curve. C:price level in the short run. D:demand for real balances per unit of output.
2.
Due to expectations of a future recession, companies do not think that they can sell all of their output and therefore purchase less equipment and machinery. As an immediate result, the ( )选项: A:aggregate supply curve becomes vertical.; B:aggregate supply curve shifts right.; C:aggregate demand curve shifts right.; D:aggregate demand curve shifts left.
3.
If all prices are stuck at a predetermined level, then when a short-run aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve: 选项: A:is horizontal. B:is vertical. C:slopes upward and to the right. D:slopes downward and to the right.
4.
Shifts in the aggregate-demand curve can cause fluctuations in? the level of output and in the level of prices.|the level of output, but not in the level of prices.|the level of prices, but not in the level of output|neither the level of output nor the level of prices
5.
If the central bank buys securities from banks in its open-market operations when the economy is already in long-run equilibrium, which of the following is most likely to occur? 选项: A: The aggregate demand curve will shift to the left. B: The long-run supply curve will be unaffected, but the price level will rise. C: Both the long- and the short-run aggregate supply curves will shift to the right.
6.
A change in equilibrium price level 选项: A:will lead to a shift in the aggregate supply curve.; B:will lead to a shift in the aggregate demand curve.; C:reflects a shift in the aggregate demand and/or aggregate supply curve.; D:will always lead to stagflation.
7.
A change in income in the IS?LM model resulting from a change in the price level is represented by a ______ aggregate demand curve, while a change in income in the IS?LM model for a given price level is represented by a ______ aggregate demand curve. 选项: A:movement along the; shift in the B:shift in the; movement along the C:vertical; horizontal D:horizontal; vertical
8.
The relationship between interest rates and the level of income that arises in the market for goods and services is called the 选项: A、LM curve. B、IS curve. C、aggregate demand curve. D、aggregate supply curve.
9.
Which of the following statements is false with regard to the effect of macroeconomic policies 选项: A:they generally cause shifts in the aggregate demand curve B:they can possibly increase long-run growth C:they can help correct supply shocks that increases production costs but only at the expense of even higher inflation D:they always cause shifts in the long-run aggregate supply curve
10.
The relationship between interest rates and the level of income that
arises in the market for goods and services is called the ____ 选项: A、LM curve. B、IS curve. C、aggregate demand curve. D、aggregate supply curve.
11.
In response to a decrease in output the economy would revert to its original level of prices and output whether the decrease in output was caused by a decrease in aggregate demand or a decrease in aggregate supply.选项: A:正确; B:错误
12.
Which of the following will reduce the price level and raise real output? ( )选项: A:An adjustment of prices to equilibrium.; B:An increase in wage rates.; C:The short run aggregate supply curve becomes steeper.; D:Technical progress.
13.
Suppose the economy is in long-run equilibrium. If the government increases its expenditures, eventually the increase inaggregate demand causes price expectations to选项: A:rise. This rise in price expectations shifts the short-run aggregate supply curve to the right. B:rise. This rise in price expectations shifts the short-run aggregate supply curve to the left. C:fall. This fall in price expectations shifts the short-run aggregate supply curve to the right. D:fall. This fall in price expectations shifts the short-run aggregate supply curve to the left.
14.
In the upward-sloping segment of the aggregate supply curve, 选项: A、increases in output are linked to decreases in the price level. B、firms are willing to pay higher wages to get more labor. C、producers can hire more workers without having to raise the wage rate. D、the economy can increase aggregate supply without prices going up.
15.
Equilibrium GDP is determined by the intersection of the aggregate expenditures schedule and the 选项: A:consumption function; B:aggregate demand curve.; C:45° line.; D:level of full-employment output.
16.
The economy is in long-run equilibrium. Technological change shifts the long-run aggregate supply curve $60 billion to the right. At the same time, government purchases increase by $30 billion. If the MPC equals 0.8 and the crowding-out effect is $60 billion, we would expect that in the long-run,选项: A:both real GDP and the price level would be higher.; B:both real GDP and the price level would be lower.; C:real GDP would be higher but the price level would be lower.; D:real GDP would be higher but the price level would be the same.
17.
When potential GDP increases, _______. 选项: A、aggregate demand increases B、aggregate supply increases C、both aggregate demand and aggregate supply increase D、the price level rises
18.
Developed countries that direct their investment towards physical capital rather than research and development can expect to 选项: A、have a higher level of output in the short run and a higher long-run growth rate B、have a lower level of output in the short run and lower long-run growth rate C、have a lower level of output in the short run but a higher long-run growth rate D、have a higher level of output in the short run but a lower long-run growth rate E、achieve A) but only if the level of investment exceeds 1/3 of GDP
19.
What will be the impact on the aggregate supply curve of Canada if the government decides to increase taxes and decrease the maximum labor hours per day (holding the wages and labor constant)? 选项: A: Decrease in the aggregate supply B: Increase in the aggregate supply C: Both decisions have different impacts on aggregate supply
20.
The effect of an increase in the price level on the aggregate-demand curve is represented by a( ) 选项: A、shift to the right of the aggregate-demand curve. B、shift to the left of the aggregate-demand curve. C、movement to the left along a given aggregate-demand curve. D、movement to the right along a given aggregate-demand curve.
21.
Starting from long-run equilibrium, if the velocity of money increases (due to, for example, the invention of automatic teller machines), the Fed might be able to stabilize output by: 选项: A:decreasing the money supply. B:increasing the money supply. C:decreasing the price level. D:increasing the price level.
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