排序
In the short run, a permanent
In the short run, a permanent increase in the domestic money supplyA.has stronger effects on the exchange rate and output than an equal temporary increase.B.has stronger effects on...
cyxssbThe DD schedule shows
A.interest rate and output pairs for which aggregate demand equals aggregate output.B.exchange rate and output pairs for which aggregate demand equals aggregate output.C.exchange r...
cyxssbExplain how an increase in government
Explain how an increase in government spending would affect the DD-AA schedule in the shortAnswer: An increase in government spending will increase aggregate demand, which will shi...
cyxssbExplain how the AA schedule is derived.
Answer: For a fixed real money supply, an increase in output leads to an increase in the domestic interest rate. In the foreign exchange market, an increase in the domestic interes...
cyxssbDiscuss the main factors affecting the position
Discuss the main factors affecting the position of the DD schedule.Answer: The level of government demand, taxes, and investment; the domestic and foreign price levels; variations ...
cyxssbshow the phenomenon of overshooting.
Using the DD – AA framework, show the phenomenon of overshooting. Use a figure to explain when it is taking place.Answer: The figure below shows the phenomenon of overshooting. ...
cyxssba temporary fiscal expansion would increase output
Using a figure, show that under full employment, a temporary fiscal expansion would increase output (over-employment) but cannot increase output in the longAnswer: A temporarily fi...
cyxssbBenefit(s) of the gold standard include
A.asymmetryB.making real values of national monies more stable andC.limiting moneyD.Both A andE.Both B andAnswer: E
cyxssbFiscal Expansion under a fixed exchange
Fiscal Expansion under a fixed exchange rate has what effect(s) on the economy?A.The money supplyB.OutputC.The exchange rateD.The exchange rate decreases initially but then returns...
cyxssbWhen a country’s currency is devalued,
A.outputB.outputC.the money supplyD.the money supplyE.Both B andAnswer: E. When a currency is devalued, output and the money supply expand as the economy’s equilibrium shifts outw...
cyxssbThe liabilities side of a central bank include
A.deposits held by the privateB.currency inC.deposits held by the private banks and currency inD.deposits held by the private banks and currency inE.deposits held by the private ba...
cyxssbWhich one of the following statements is most true?
A.Any central bank purchase of assets automatically results in an increase in the domestic money supply, while any central bank sale of assets automatically causes the money supply...
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