A: the AS-curve is totally price elastic
B: the price level is fixed
C: wages and prices are completely rigid
D: wages and prices are completely flexible
E: real money balances are not affected
举一反三
- In the short run, the impact of an increase in the money supply on the price level and real output will be: Price level Real output（） ①A. Increase Increase ②B. Increase No change ③C. No change Increase A: ① B: ② C: ③
- The AS-curve is horizontal or very flat if A: additional resources (especially labor) can be hired to produce additional output with little or no increase in existing prices B: wages fall rapidly with an increase in unemployment, reducing spending and income to restore equilibrium C: firms lower wages less than prices to avoid a loss in profit during a recession D: the nominal wage adjustment occurs fairly rapidly E: nominal wages and prices always change proportionally, leaving the real wage rate unchanged
- The slope of the AS-curve becomes steeper ( ) A: as wages and prices become more flexible B: as wages become more rigid C: as the economy moves further away from full employment D: as the government implements expansionary fiscal policy
- The slope of the AS-curve becomes steeper A: as nominal wages become more flexible B: as nominal wages become more rigid C: as the actual level of output moves further away from potential output D: as the economy approaches full employment E: both A) and D)
- Which of the following would increase the price level? A: an increase in taxes. B: an increase in the money supply. C: an increase in the expected price level. D: a decrease in the natural rate of unemployment.
内容
- 0
Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.
- 1
Both models of aggregate supply presented in Chapter 13 share the<br/>feature that, if the price level is above the expected price level,<br/>then ____ A: nominal wages will fall. B: nominal wages will rise. C: output will be below its natural level. D: output will be above its natural level.
- 2
Inflation is defined as ( ). A: an increase in the overall level of prices in the economy B: a period of rising productivity in the economy C: an increase in the overall level of output in the economy D: a period of rising income in the economy
- 3
36. An increase in the domestic price level will:_
- 4
Fiscal policy will affect prices and interest rates but not the level of output if A: the AD-curve is vertical B: the AS-curve is vertical C: the AD-curve is horizontal D: the AS-curve is horizontal E: both A) or D)