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)
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)
举一反三
- 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
- 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.
- An increase in government purchases will NOT increase the level of output if 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
- The slope of the AD-curve will become steeper if A: money demand becomes more income inelastic B: money demand becomes more interest elastic C: investment becomes more interest elastic D: the income tax rate is decreased E: none of the above
- 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