宏观经济学 斯蒂芬威廉森chap12.pdf

Macroeconomics, 3e (Williamson) Chapter 12 Keynesian Business Cycle Theory: The Sticky Price Model 1) A labor contract in which future wage increases are adjusted in the light of future inflation is called A) a union contract. B) an adjustable contract. C) an indexed contract. D) an inflation-adjusted contract. Answer: C Question Status: Previous Edition 2) In the Keynesian sticky wage model, Keynesian unemployment refers to the A) number of workers receiving unemployment compensation. B) number of workers who stop looking for work because they believe that they will not find work. C) difference between labor supply and labor demand at the sticky wage. D) difference between labor supply and labor demand at the market clearing wage. Answer: C Question Status: Previous Edition 3) In the Keynesian sticky wage model, the aggregate supply curve is upward sloping because, at the fixed nominal wage, an increase in the price level A) increases the real wage and increases labor supply. B) increases the real wage and increases labor demand. C) decreases the real wage and increases labor supply. D) decreases the real wage and increases labor demand. Answer: D Question Status: Previous Edition 4) In the Keynesian sticky wage model, an increase in the nominal wage shifts the aggregate A) supply curve to the right. B) supply curve to the left. C) demand curve to the right. D) demand curve to the left. Answer: B Question Status: Previous Edition 5) In the Keynesian sticky wage model, an increase in the price level