A: long-run; appreciation; improve
B: short-run; depreciation; improve
C: long-run; depreciation; improve
D: short-run; appreciation; improve
举一反三
- The Marshall-Lerner condition holds that a country's current account balance will ________ in response to a real ________ in a nation's currency if ________. ( ) A: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 0 B: improve; depreciation; sum of the price elasticities of export and import demand exceeds 1 C: improve; appreciation; sum of the price elasticities of export and import demand exceeds 0 D: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 1
- The measures that can be taken to reduce the current account deficit or improve the current account balance are ( ). A: Reducing consumption or investment expenditure B: Depreciation of the local currency exchange rate C: Cutting government expenditure D: Appreciation of the exchange rate of the local currency
- "Diseconomies of scale" occur in ( ) A: the long run, but not the short run. B: the short run, but not the long run. C: both the short run and the long run. D: neither the short run nor the long run.
- Which of the following is accurate? A: Monetary policy is neutral in both the short run and the long run. B: Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. C: Monetary policy has profound effects on real variables in both the short run and the long run. D: Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.
- It pays ______ to buy goods of high quality. A: in the long run B: in the short run C: at a run D: on the run
内容
- 0
Monetary policy affects employment A: only in the long run. B: only in the short run. C: in both the long run and the short run. D: in neither the long run nor the short run.
- 1
Most economists believe that classical theory describes the world in the short run but not in the long run
- 2
Which of the following statements is the most accurate? In general,_____________ A: the monetary approach to the exchange rate is a long run theory. B: the monetary approach to the exchange rate is a short run theory. C: the monetary approach to the exchange rate is both a short and long run theory. D: the monetary approach to the exchange rate neither long run nor short run theory. E: the monetary approach to the exchange rate is considered less practical than the law of one price.
- 3
When the economy is operating at potential GDP, an unannounced decrease in the rate of growth of the money supply intended to reduce inflation will most likely lead to. lower inflation and: A: a decrease in output in both the short run and the long run. B: no change in output in both the short run and the long run. C: a decrease in output in the short run, and lower inflation but no change in output in the long run.
- 4
Which one of the following statements is the MOST accurate? ( ) A: A depreciation of a country's currency makes its goods more expensive for foreigners. B: An appreciation of a country's currency makes its goods more expensive. C: A depreciation of a country's currency makes its goods cheaper for foreigners. D: A depreciation of a country's currency makes its goods cheaper.