经济学CH1-5经济学CH1-5.docVIP

经济学 CH1-CH5练习题 1. exists because of the incessant movement of people between regions and jobs or through different stages of the life cycle. A. Potential output B. Frictional unemployment C. International Product Life Cycle D. Demand-pull inflation E. Natural advantage 2. Aggregate supply depends basically on two distinct sets of forces: ____________and input cost. 3. occurs when aggregate demand rises more rapidly than the economy’s productive potential, pulling prices up to equilibrate aggregate supply and demand. 4. The theory of the ________________states that certain kinds of products go through a continuum, or cycle. 5. The fact that so much trade takes place among industrial countries is also due to the growing importance of acquired advantage as opposed to _____________. 6. __________strikes an economy when prices are rising over a hundred percent of a thousand or a million or even a trillion percent a year. A. Multiplier effect B. Hyper-inflation C. Structural unemployment D. Aggregate supply E.National income 7. The __________________suggests that the change in demand from fiscal policy can be larger than the change in government purchase. 8. describes the quantity of goods and services that will be produced at a given price level. 9.____indicates a mismatch between the supply of and the demand for workers. 10._______represents the total incomes received by labor, capital, and land. It constructed by subtracting depreciation and indirect taxes from GDP. 1-5 BADCE 6-10 BADCE 1. ___exists because of the incessant movement of people between regions and jobs or through different stages of the life cycle. A. Potential GDP B. Structural unemployment C. Real GDP D. Frictional unemployment E. Nominal GDP 2. ______is calculated in constant or invariant prices. 3. is measured in current market prices. 4. represents the maximum amount the economy can produce while