排序
The Marshall-Lerner Condition states that
A.depreciation always has a favorable effect on the currentB.import dependency reinforces the effects of depreciation on the current account.C.high elasticity of exports is suffici...
cyxssbIf the economy starts in long-run equilibrium,
If the economy starts in long-run equilibrium, a permanent fiscal expansion will causeA.an increase in exchange rate,B.a decrease in exchange rate,C.an increase in output,D.a decre...
cyxssbWhich of the following are true in terms
Which of the following are true in terms of the current account balance?A.Monetary expansion increases the current accountB.Monetary expansion decreases the current accountC.Fiscal...
cyxssbIn the short run, with prices fixed,
In the short run, with prices fixed, how would an increase in government spending affect the DD-AA schedule?A.It will increase output and appreciate theB.It will increase output an...
cyxssbHow is the AA schedule derived?
A.The AA schedule has a positive slope because an increase in output leads to a depreciation of theB.The AA schedule has a negative slope because an increase in output leads to a d...
cyxssbImagine that the economy is at a point on the DD-AA
Imagine that the economy is at a point on the DD-AA schedule that is above both AA and DD, where both the output and asset markets are out of equilibrium. Which first action is tru...
cyxssbIn the short run, a temporary increase in the money supply
A.shifts the AA curve to the right, increases output, and depreciates the currency.B.shifts the AA curve to the left, increases output, and depreciates theC.shifts the AA curve to ...
cyxssbIn 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 ...
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