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.
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.
举一反三
- The AA schedule shows________. ( ) A: Exchange rate and output pairs at which only the foreign exchange market is in equilibrium. B: Interest rate and output pairs at which only the foreign exchange market is in equilibrium. C: Interest rate and output pairs at which the foreign exchange market and the domestic money market are in equilibrium. D: Exchange rate and output pairs at which the foreign exchange market and the domestic money market are in equilibrium.
- The value of national output: ( ) A: Is the same of the output of all businesses. B: Is the aggregate of output of employed persons. C: Is synonymous with aggregate manufacturing output. D: Utilizes the "added value" concept.
- Which of the following is NOT a result of a temporary fall in foreign demand on one country's exports under floating exchange rate? ( ) A: The AA curve shifts downwards due to reduction of money supply. B: A fall in aggregate output C: A fall in the home interest rate D: The DD curve shifts to the left due to reduction of aggregate demand.
- 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
- 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