宏观经济学-题库-(7).pdfVIP

Macroeconomics, 10e (Parkin) Chapter 10 Aggregate Supply and Aggregate Demand 68) In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD . An inflationary gap exists A) if the long-run aggregate supply curve is LAS 1. B) if the long-run aggregate supply curve is LAS2. C) if the long-run aggregate supply curve is LAS3. D) All of the above answers are correct. Answer: A Topic: Inflationary Gap Skill: Analytical Question history: Previous edition, Chapter 10 AACSB: Analytical Skills 69) In the above figure, if the economy is at point A , which of the following is true? A) Point A is the long-run equilibrium point. B) The economy is in a recession. C) Money wages can be expected to fall. D) The economy might be at point A as a result of a recent cut in the tax rate. Answer: D Topic: Short-Run Macroeconomic Equilibrium Skill: Conceptual Question history: Previous edition, Chapter 10 AACSB: Analytical Skills 70) In the above figure, if the economy is at point A , which of the following is true? A) There is a recessionary gap. B) There is an inflationary gap. C) Point A is the long-run equilibrium point. D) None of the above answers are correct. Answer: B Topic: Inflationary Gap Skill: Conceptual Question history: Previous edition, Chapter 10 AACSB: Analytical Skills 71) The above figure depicts an economy A) with an inflationary gap. B) with a recessionary gap. C) producing at full employment. D) None of the above answers is correct. Answer: A Topic: Inflationary Gap Skill: Analytical Question history: Previous edition, Chapter 10 AACSB: Analytical Skills 72) In the above figure, the short-run equilibrium will eventually adjust to a long-run equilibrium with a A) lower price level and smaller real GDP B) higher price level and larger real GDP. C) higher price level and smaller real GDP. D) lower price level and lar