Expansionary fiscal policy is very effective in significantly increasing the level of output
A. if the AS-curve is totally price inelastic
B. in the classical case
C. if the economy is close to full employment
D. if the economy is in a recession
E. both A) and D)
查看答案
Expansionary monetary policy will increase nominal GDP
A. in the Keynesian case
B. in the classical case
C. in the medium run
D. all of the above
E. only A) and C)
In the classical supply curve case, monetary expansion will
A. increase P, lower i, and leave Y unchanged
B. increase Y, lower i, and leave P unchanged
C. leave Y and i unchanged but increase P
D. leave Y, i, and P unchanged
E. increase Y, i, and P
In which of the following cases is expansionary fiscal policy LEAST effective in increasing output?
A. if wages adjust rapidly to maintain equilibrium in the labor market
B. if wages do not change much even when there is high unemployment
C. if it is combined with expansionary monetary policy
D. if we have a Keynesian AS-curve
E. if the Fed is trying hard to keep interest rates from rising
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
微信支付 
支付宝支付