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
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
举一反三
- 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)
- 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
- When bonds become more widely traded, and as a consequence the market becomes more liquid, the demand curve for bonds shifts to the _________ and the interest rate _________.
- 49. Expansionary fiscal policy will cause the IS curve to shift to the right.