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.
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.
举一反三
- Which of the following is NOT a result of a permanent fall in foreign demand on one country's exports under floating exchange rate? ( ) A: A reduction in output by a smaller degree compared to temporary fall in demand B: A raised level of unemployment C: The AA curve shifts upwards due to the increased expected long-run exchange rate. D: Depreciation in home country's currency
- 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.
- If the demand for Home exports decreased abroad, the Home fall in output would be greatest______. ( ) A: if the decrease was permanent and the exchange rate was fixed. B: if the decrease was temporary and the exchange rate was fixed. C: if the decrease was temporary and the exchange rate was floating. D: if the decrease was permanent and the exchange rate was floating.
- 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
- When the interest rate on a bond is below the equilibrium interest rate, there is excess _________ in the bond market and the interest rate will _________ A: demand; rise B: demand; fall C: supply; fall D: supply; rise