Which of the following is FALSE?
A. the AS-curve is horizontal in the Keynesian case
B. the AS-curve is vertical in the classical case
C. the AS-curve is upward sloping in the medium run
D. the AS-curve is more price elastic in the long run than in the short run
E. none of the above
查看答案
The AD-AS diagram used in this chapter
A. is unrelated to the demand and supply diagram used in microeconomics
B. uses the average price level of all goods and services we buy as “price”
C. uses an AS-curve that is relatively more price elastic in the medium run than in the long run
D. uses an AS-curve that is vertical in the long run and horizontal in the very short run
E. all of the above
Which of the following is NOT reflected in a shift of the AD-curve?
A. a change in real money balances due to a change in the price level
B. a change in real money balances due to a change in nominal money supply
C. a change in government transfer payments
D. a change in the confidence of consumers and businesses
E. all of the above will shift the AD-curve
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 decrease in real money supply caused by an increase in the price level is graphically represented by
A. a shift of the AD-curve to the right
B. a shift of the AD-curve to the left
C. movement along the AD-curve to the right
D. movement along the AD-curve to the left
E. a shift of the AS-curve to the right
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