• 2022-06-07
    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

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      Which one of the following statements is the MOST accurate? () A: Fiscal policy<br/>affects employment less under fixed than under flexible exchange rate<br/>regimes. B: Fiscal policy has<br/>the same effect on employment under fixed and flexible exchange rate<br/>regimes. C: Fiscal policy<br/>cannot affect employment under fixed exchange rate but does affect<br/>output under flexible exchange rate regimes. D: Fiscal policy<br/>affects employment more under fixed than under flexible exchange rate<br/>regimes.

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      Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.

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      According to the assignment rule, which of the following policy mixes<br/>is appropriate for a country with high inflation, a balance of<br/>payments deficit, and fixed exchange rates? ____. A: Expansionary fiscal policy and expansionary monetary policy B: Expansionary fiscal policy and contractionary monetary policy C: Contractionary fiscal policy and expansionary monetary policy D: Contractionary fiscal policy and contractionary monetary policy

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      It is very important for all of us to _________ music on its sheerly musical plane. A: become more alive with B: become more alive for C: become more alive to D: become more alive by

    • 4

      What is likely to happen in the future? ( ). A: Newspapers will become more reliable. B: More news will come from ordinary people. C: The media will become more powerful. D: The press will disappear.