题目内容

Real GDP is best described as the value of:

A. Current output measured at current prices.
B. Current output measured at base-year prices.
C. base-year output measured at current prices.

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Both monetary and fiscal policy are used to:

A. Balance the budget.
B. Achieve economic targets.
C. Redistribute income and wealth.

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In short-run equilibrium, if aggregate demand is increasing faster than long-run aggregate supply:

A. The price level is likely to increase.
B. Downward pressure on wages should ensue.
C. Supply will increase to meet the additional demand.

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The IS curve illustrates which of the following relationships？

A. Direct relationship between aggregate income and the price level.
B. Inverse relationship between aggregate income and the price level.
C. Inverse relationship between aggregate income and the real interest rate.

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Core inflation is best described as an inflation rate:

A. For producers raw materials.
B. The central bank views as acceptable.
C. That excludes certain volatile goods prices.

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Real GDP is best described as the value of:

A. Current output measured at current prices. B. Current output measured at base-year prices. C. base-year output measured at current prices.

Both monetary and fiscal policy are used to:

In short-run equilibrium, if aggregate demand is increasing faster than long-run aggregate supply:

The IS curve illustrates which of the following relationships？

Core inflation is best described as an inflation rate:

A. Current output measured at current prices.
B. Current output measured at base-year prices.
C. base-year output measured at current prices.