Which of the following is a stock?
Income
Depreciation
Investment
Saving
None of the above answers are correct
Investment is financed by which of the following?
I. Government spending
II. National saving
III. Borrowing from the rest of the world
I, II, and III
I and II only
I and III only
II and III only
None of the above answers are correct
A reduction in money (nominal) wages shifts
both the SAS and LAS curves rightward
both the SAS and LAS curves leftward
the SAS curve leftward but leaves the LAS curve unchanged
the LAS curve rightward but leaves the SAS curve unchanged
None of the above answers are correct
One possible factor leading to unemployment is that
both the minimum wage and efficiency wages are below the equilibrium wage rate
both the minimum wage and efficiency wages are above the equilibrium wage rate
the minimum wage is above the equilibrium wage rate and efficiency wages are
below the equilibrium wage rate
the minimum wage is below the equilibrium wage rate and efficiency wages are
above the equilibrium wage rate
None of the above answers are correct
When the economy is at a point on the SAS such that real GDP is less than potential
GDP,
the real wage exceeds the equilibrium real wage
employment is less than full employment
the real wage does not equal the equilibrium real wage
All of the above answers are correct
None of the above answers are correct
The quantity theory of money addresses the
determinants of potential GDP
long-run effect the quantity of money has on the price level
determinants of the equilibrium unemployment rate
short-run effect the quantity of money has on the price level
None of the above answers are correct
Which of the following are assets to a bank?
I. U.S. Government Treasury bills
II. Investment securities
III. Consumer loans
I and II
I and III
II and III
I, II, and III
None of the above answers are correct
In order to combat inflation, the Fed will the quantity of money and
the interest rate.
increase; raise
increase; lower
decrease; raise
decrease; lower
None of the above answers are correct
If the Fed carries out an open market operation and buys U.S. government securities,
the interest rate
falls and the quantity of money increases
rises and the quantity of money increases
falls and the quantity of money decreases
rises and the quantity of money decreases
None of the above answers are correct
Increases in the quantity of money can start a
demand-pull inflation, whereas increases in government purchases can start only a
cost-push inflation
demand-pull inflation, as can increases in government purchases
cost-push inflation, as can increases in government purchases
cost-push inflation whereas increases in government purchases can start a
demand-pull inflation
None of the above answers are correct
A cost-push inflation spiral results if the Fed's response to stagflation is to keep
decreasing aggregate demand
decreasing aggregate supply
increasing aggregate demand
increasing aggregate supply
None of the above answers are correct
Along a short-run Phillips curve, suppose the expected inflation rate is 6 percent. If the
inflation rate turns out to be 8 percent instead,
there is a movement upward along the curve
there is a movement downward along the curve
there is a downward shift of the curve
the difference in the inflation rate does not affect the Phillips curve
None of the above answers are correct
An increase in the natural rate of unemployment shifts
both the short-run and the long-run Philips curves rightward
the short-run but not the long-run Philips curve rightward
the long-run but not the short-run Philips curve rightward
neither the short-run nor the long-run Phillips curve
None of the above answers are correct
Using the monetarist model, place the following events in the order in which they occur
in a business cycle. I. Money wages fall and the SAS curve shifts rightward. II. The
Federal Reserve decreases the growth rate of the quantity of money III. The AD curve
shifts leftward
II, III, I
III, II, I
I, III, II
the events are not part of a monetarist model of the business cycle.
If the deficit is financed by selang bonds to the , the money supply will
, causing aggregate demand to .
public; rise; increase
public; fall; decrease
central bank; rise; increase
central bank; fall; decrease
None of the above answers are correct
According to Tobin's q theory, if q is , new plant and equipment capital is
relative to the market value of business firms, so companies can buy a lot
of new investment goods with only a issue of stock.
high; dear; large
high; cheap; large
low; cheap; small
low; cheap; large
high; cheap; small
If an economy experiences high interest does and high unemployment, the ISLM
framework predicts that policy has been too .
fiscal; expansionary
fiscal; contractionary
monetary; expansionary
monetary; contractionary
None of the above answers are correct
Which of the following statements concerning Keynesian ISLM analysis is true?
For a given change in taxes, the IS curve will shift less than for an equal change in
government spending
Changes in net exports arising from a change in interest rates causes a shift in the IS
curve
A fall in the money supply shifts the LM curve to the right
Expansionary fiscal policy will cause the interest rate to fall
None of the above answers are correct
Crowding out will be more pronounced the closer to vertical is
the IS curve(B)the LM curve
the consumption function
the aggregate demand function
None of the above answers are correct
The less interest-sensitive is money demand
the more effective is fiscal policy relative to monetary policy
the more effective is monetary policy relative to fiscal policy
the steeper is the IS curve
the flatter is the LM curve
None of the above answers are correct
Assume a closed economy with no government. Suppose that autonomous consumption
equals $400, planned investment equals $500, and the Marginal Propensity to Consume
(MPC) equals 0.9
If aggregate output is equal to $10,000, then unplanned inventory investment equals
$100
The equilibrium level of aggregate output is $9,000
If autonomous consumption increases by $100, then equilibrium aggregate output
will change by $1,000
If planned investment decreases by $100, the equilibrium aggregate output will
change by −$1,000
All of the above answers are correct
Factors that cause the aggregate demand curve to shift include
changes in autonomous consumer spending
changes in the money supply
changes in interest rate
all of the above
only A and B of the above
Which of the following policies shifts the AD curve the farthest leftward?
A rise in taxes of $10 billion
A cut in taxes of $10 billion
A decrease in government purchases of $10 billion
A decrease in both government purchases and taxes of $10 billion
None of the above answers are correct
With no technological change a 7 percent increase in capital per hour of labor causes
approximately a percent increase in output per hour of labor
14
7
1/ 3
7/ 3
None of the above answers are correct
A key assumption of new growth theory is that
all technological change is the result of luck
higher incomes lead to a higher birth rate
a successful innmator has the opportunity to ram a temporary, above-average profit
the target interest rate is lower than the real incomes rate
None of the above answers are correct
假設國內雞蛋市場為一完全競爭市場。每一廠商均追求利潤極大且擁有相同的
U 字型平均總成本曲線(ATC)及隨產量遞增的邊際成本曲線(MC)。另市場的總
需求曲線為一負斜率的曲線。假設國內雞蛋品市場原先處於長期及短期均衡。
假設政府對生產雞蛋的廠商課徵從量稅。與原始均衡相比,請依序回答下列五個
變數在短期會上升(U)、不變(N)、或下降(D):廠商實際收到的雞蛋價格、雞蛋市
場均衡總產量、個別廠商的產量、個別廠商的利潤、及廠商數目 (8) 。
假設國內雞蛋市場為一完全競爭市場。每一廠商均追求利潤極大且擁有相同的
U 字型平均總成本曲線(ATC)及隨產量遞增的邊際成本曲線(MC)。另市場的總
需求曲線為一負斜率的曲線。假設國內雞蛋品市場原先處於長期及短期均衡。
假設政府對生產雞蛋的廠商課徵從量稅。與原始均衡相比,請依序回答下列五個
變數在長期會上升(U)、不變(N)、或下降(D):廠商實際收到的雞蛋價格、雞蛋市
場均衡總產量、個別廠商的產量、個別廠商的利潤、及廠商數目 (9) 。在此
我們假設廠商的加入或退出市場不會影響既有廠商的成本結構。
假設國內雞蛋市場為一完全競爭市場。每一廠商均追求利潤極大且擁有相同的
U 字型平均總成本曲線(ATC)及隨產量遞增的邊際成本曲線(MC)。另市場的總
需求曲線為一負斜率的曲線。假設國內雞蛋品市場原先處於長期及短期均衡。
假設政府對生產雞蛋的廠商課徵從量稅。與原始均衡相比,請依序回答下列五個
變數在長期會上升(U)、不變(N)、或下降(D):廠商實際收到的雞蛋價格、雞蛋市
場均衡總產量、個別廠商的產量、個別廠商的利潤、及廠商數目 (10) 。在此
我們假設新廠商的加入市場會使得既有廠商的ATC 及MC 曲線以相同比例增加,
或廠商的退出市場會使得既有廠商的ATC 及MC 曲線以相同比例減少。
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