Which of the following is most commonly used to monitor short-run changes in economic activity?
A: the inflation rate
B: real GDP
C: aggregate demand
D: aggregate supply
A: the inflation rate
B: real GDP
C: aggregate demand
D: aggregate supply
举一反三
- In the short run, a central bank can most easily stimulate economic activity by A: selling government bonds to the public B: raising interest rates to make investments more profitable C: lowering the inflation rate though monetary restriction D: influencing aggregate supply through monetary expansion E: influencing aggregate demand and accepting a higher price level in the future
- The DD schedule shows_______. ( ) A: interest rate and output pairs for which aggregate demand equals aggregate output. B: exchange rate and output pairs for which aggregate demand equals aggregate output.2 C: interest rate and output pairs for which aggregate supply equals aggregate output. D: exchange rate and output pairs for which aggregate demand is greater than aggregate output.
- 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
- 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.
- When aggregate demand increases faster than aggregate supply, prices go up. What is this an example of? A: Demand-pull inflation B: Cost-push inflation C: Per-worker productivity D: Deflation