The model developed in this paper incorporates aggregate supply and hence the price level into existing dynamic IS-LM models of flow and stock equilibrium. Whereas the long-run equilibrium position in these models is stable and fiscal policy works regardless of empirical magnitudes when budget ...
Module 18 Long-Run Aggregate Supply By J.A.Sacco Aggregate Supply Knowing the position and shape of AD does not tell us anything about how the total dollar value of spending will be divided between output (real goods/services) and prices. To determine this and thus the equilibrium level of ...
a. is determined by the things that determine output in the classical model. 1. **选项a**:长期总供给曲线(LRAS)反映经济在长期中的潜在产出水平。在古典模型中,潜在产出由生产要素(如资本、劳动力、技术)和生产效率等实际因素决定,与价格水平无关。因此,选项a正确。2. **选项b**:长期总供给曲线对应的...
d) we shift the aggregate demandWhat causes a long-run aggregate supply curve to shift?Economic growth is shown in the aggregate supply/aggregate demand model by: A. the LRAS curve shifting to the left. B. the SRAS curve shifting to the left. C. neither the SRAS nor the LRAS curve ...
If the long-run aggregate supply curve is vertical, then changes in aggregate demand affect:A)neither prices nor level of output.B)both prices and level of output.C)level of output but not prices.D)prices but not level of output. 相关知识点: 试题来源: 解析 D 当长期总供给曲线(LRAS...
long-run aggregate sup-|ply长期总供给 是指在真实GDP等于潜在GDP时,于长期价格水平下的真实GDP供给水平。 long-run average cost curve(LRAC)长期平均成本曲线 是指所有在不同生产规模下的短期成本中zui低的成本相对应的平均成本组成的曲线。长期平均成本曲线是所有短期平均成本曲线的下包络曲线。
Long-runAggregateSupplyandDemand
Long-run aggregate supply is least likely to be affected by changes in the:[单选题]A.the stock of physic capital.B.the supply of natural resources.C.the wage rate of labor. 相关知识点: 试题来源: 解析C长期总供给(LRAS)由经济体的潜在产出决定,主要受生产要素和技术水平的影响:...
Business Economics Aggregate supply What are the long-run and short-run effects of reduction of aggregate money demand?Question:What are the long-run and short-run effects of reduction of aggregate money demand?Aggregate Demand Aggregate Supply Model:...
The long-run aggregate supply curve shifts right ifa. technology improves.b. the price level decreases.c. the price of oil increases.d. the money supply increases.a. technology improves.TYPE: M DIFFICULTY: 2 SECTION: 20.4 相关知识点: ...