Chapter 13 宏观经济学原理 弗兰克版 题库.docx

Chapter 13 Student: ___________________________________________________________________________ 1.The economy is in long-run equilibrium:?? A.?when the AD and AS curves intersect at potential output, Y*. B.?when the AD and AS curves intersect, regardless of the level of output. C.?when the AD and AS curves become vertical. D.?only when the business cycle is eliminated.? 2.The economy is in short-run equilibrium:?? A.?when the AD and AS curves intersect at potential output Y*. B.?when the AD and AS curves intersect at a level of real GDP that is above or below Y*. C.?when the AD and AS curves become vertical. D.?at the peak of the business cycle.? 3.Shifts in ______ can push the economy out of long-run equilibrium.?? A.?the AD curve only B.?the AS curve only C.?either the AD curve or the AS curve D.?the PAE line only? 4.Shifts in ______ can return the economy to long-run equilibrium.?? A.?the AD curve only B.?the AS curve only C.?either the AD curve or the AS curve D.?the PAE line only? 5.The aggregate demand curve shows the relationship between planned spending and the:?? A.?nominal interest rate. B.?real interest rate. C.?unemployment rate. D.?inflation rate.? 6.The AD curve ______ because, holding all else constant, an increase in ______ causes C, IP and NX to fall.?? A.?slopes downward; real GDP B.?slopes downward; the inflation rate C.?slopes upward; real GDP D.?is horizontal; the inflation rate? 7.When the inflation rate increases, PAE ______, which in turn causes Y to ______ because of ______.?? A.?falls; fall; the income-expenditure multiplier B.?falls; rise; the income-expenditure multiplier C.?rises; rise; the wealth effect D.?rises; fall; the wealth effect? 8.When the inflation rate decreases, PAE ______, which in turn causes Y to ______ because of ______.?? A.?rises; rise; the income-expenditure multiplier B.?rises; fall; the incom