Two interpretations of the IS-LM model are that the model explains：（ ）
A: the short-run quantity theory of income, or the short-run Fisher effect.
B: changes in government spending and taxes, or the determination of the supply of real money balances.
C: the determination of investment and saving, or what shifts the liquidity preference schedule.
D: the determination of income in the short run when prices are fixed, or what shifts the aggregate demand curve.
A: the short-run quantity theory of income, or the short-run Fisher effect.
B: changes in government spending and taxes, or the determination of the supply of real money balances.
C: the determination of investment and saving, or what shifts the liquidity preference schedule.
D: the determination of income in the short run when prices are fixed, or what shifts the aggregate demand curve.
举一反三
- The short run industry supply curve can be found by horizontally summing the short run supply curves of all the individual firms in the industry.
- When taxes increase, consumption A: increases, so aggregate demand shifts right B: increases, so aggregate supply shifts right C: decreases, so aggregate demand shifts left D: decreases, so aggregate supply shifts left
- A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.
- Which of the following is NOT a result of monetary policy? A: aggregate demand is affected, leading to a change in nominal GDP B: the level of potential GDP will change C: spending on investment and durable consumption goods is affected D: the rates of unemployment and inflation are affected in the short run E: real interest rates will remain unaffected in the long run
- "Diseconomies of scale" occur in ( ) A: the long run, but not the short run. B: the short run, but not the long run. C: both the short run and the long run. D: neither the short run nor the long run.