中級宏觀經(jīng)濟學(xué)付費版題庫14總供給與通貨膨脹和失業(yè)之間的短期權(quán)衡

1、Name:__________________________Date:_____________1.Thebasicaggregatesupplyequationimpliesthatoutputexceedsnaturaloutputwhenthepricelevelis:A)low.B)high.C)lessthantheexpectedpricelevel.D)greaterthantheexpectedpricelevel.2

2、.Somefirmsdonotinstantlyadjustthepricestheygeinresponsetochangesindemfallofthefollowingreasonsexcept:A)itiscostlytoalterprices.B)theydonotwanttoannoytheirfrequentcustomers.C)pricesdonotadjustwhenthereisperfectcompetition

3、.D)somepricesaresetbylongtermcontractsbetweenfirmscustomers.3.Accdingtothestickypricemodel:A)allfirmsannouncetheirpricesinadvance.B)allfirmssettheirpricesinaccdwithobservedpricesoutput.C)somefirmssettheirpricesaccdingtot

4、heaggregatesupplyequation.D)somefirmsannouncetheirpricesinadvancesomefirmssettheirpricesinaccdwithobservedpricesoutput.4.Accdingtothestickypricemodelotherthingsbeingequalthegreatertheproptionsoffirmsthatfollowthestickypr

5、icerulethe______the______inoutputinresponsetoanunexpectedpriceincrease.A)greaterincreaseB)smallerincreaseC)greaterdecreaseD)smallerdecrease5.Eachofthetwomodelsofshtrunaggregatesupplyisbasedonsomemarketimperfection.Inthes

6、tickypricemodeltheimperfectionisthat:A)somefirmsdonotadjusttheirpricesinstantlytochangesindem.B)expectationsarefmedadaptivelyratherthanrationally.C)firmsconfusechangesintheoveralllevelofpriceswithchangesinrelativeprices.

7、D)therealwageadjuststobringlabsupplylabdemintoequilibrium.11.Theimperfectinfmationmodelassumesthatproducersfinditdifficulttodistinguishbetweenchangesin:A)realwagesnominalwages.B)theoveralllevelofpricesrelativeprices.C)th

8、eoveralllevelofpricestheexpectedlevelofprices.D)costpushinflationdempullinflation.12.Accdingtotheimperfectinfmationmodelwhenthepricelevelrisesbytheamounttheproducerexpectedittorisetheproducer:A)increasesproduction.B)does

9、notchangeproduction.C)decreasesproduction.D)hiresmewkers.13.Eachofthetwomodelsofshtrunaggregatesupplyisbasedonsomemarketimperfection.Intheimperfectinfmationmodeltheimperfectionisthat:A)somefirmsdonotadjusttheirpricesinst

10、antlytochangesindem.B)contractsarrangementsmaypreventnominalwagesfromadjustingrapidlytochangingeconomicconditions.C)firmsconfusechangesintheoveralllevelofpriceswithchangesinrelativeprices.D)therealwageadjuststobringlabsu

11、pplylabdemintoequilibrium.14.Accdingtotheimperfectinfmationmodelwhenthepricelevelfallsbuttheproducerdidnotexpectittofalltheproducer:A)increasesproduction.B)doesnotchangeproduction.C)decreasesproduction.D)hiresmewkers.15.

12、AfterexamininginternationaldatatheeconomistRobertLucasfoundthataggregatedemhasthebiggesteffectonoutputincountrieswhereaggregatedem:A)pricesaremoststable.B)pricesaremostvariable.C)ismoststablebutpricesaremostvariable.D)is