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1、Macroeconomics^lOe(Parkin)Chapter10AggregateSupplyandAggregateDemand1AggregateSupply1)ThesupplyofrealGDPisafunctionofA)thetotalexpendituresofconsumers,investorsandgovernment.B)thesumofwages,salaries,corporateprofits,rentsandinterest.C)onlythestateoftechnology.D)thequantitiesoflabor,capital
2、andthestateoftechnology.Answer:DTopic:AggregateSupplyFundamentalsSkill:ConceptualQuestionhistory:Previousedition,Chapter10AACSB:ReflectiveThinking2)ThequantityofrealGDPsupplieddependsontheA)levelofaggregatedemand.B)quantityofcapital,bonds,andstocks.C)quantityoflabor,thequantityofcapital,an
3、dthestateoftechnology.D)pricelevel,theunemploymentrate,andthequantityofgovernmentexpendituresongoodsandservices-Answer:CTopic:AggregateSupplyFundamentalsSkill:RecognitionQuestionhistory:Previousedition,Chapter10AACSB:ReflectiveThinking3)AnaggregatesupplycurvedepictstherelationshipbetweenA)
4、thepricelevelandnominalGDP.B)householdexpendituresandhouseholdincome・C)thepricelevelandtheaggregatequantitysupplied.D)thepricelevelandtheaggregatequantitydemanded.Answer:CTopic:AggregateSlipplySkill:RecognitionQuestionhistory:Previousedition,Chapter10AACSB:ReflectiveThinking1)Inthemacroeco
5、nomicshortrun,A)actualrealGDPmaybelessthanormorethanpotentialGDP・B)theunemploymentrateiszero-C)bydefinition,theeconomyisalwaysmovingawayfromfullemployment.D)actualrealGDPalwaysequalspotentialGDP.Answer:ATopic:MacroeconomicLongRunandShortRunSkill:RecognitionQuestionhistory:Modified10thediti
6、onAACSB:ReflectiveThinking2)Whentalkingaboutaggregatesupply,itisnecessarytoA)focusontheshortrun.B)focusonthelongrun.C)distinguishbetweenlong-runaggregatesupplyandshort-runaggregatesupply.D)distinguishbetweenlong-runfullemploymentandshort-runfull-employmen匸Answer:CTopic:MacroeconomicLongRun
7、andShortRunSkill:RecognitionQuestionhistory:Previousedition,Chapter10AACSB:ReflectiveThinking3)Wedistinguishbetweenthelong-runaggregatesupplycurveandtheshort-runaggregatesupplycurve.InthelongrunA)technologyisfixedbutnotintheshortirm.B)thepricelevelisconstantbu
