题目内容
（请给出正确答案）
An increase in money wages would be inflationary if______.
A．wages increase at a higher rate than real output
B．productivity gains exceed the wage increase
C．the money supply remains constant as the wage rate increases
D．an expansion of the money supply accompanies the increase in the wage rate
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A.increase government spending
B.increase taxes
C.increase the money supply
D.decrease the money supply
An increase in the money supply implies that______.
A．the composition of the public's portfolio of total assets has not changed
B．the velocity of money has increased
C．the public is more liquid than formerly
D．the public is wealthier than it was formerly
A．To help learn to be realistic.
B．To help increase their savings.
C．To help manage their money well.
D．To help test their power-control.
Crowding-out results from______.
A．an increase in the supply of money and a decrease in the velocity of money
B．a decrease in the supply of money and an increase in the velocity of money
C．the inverse relationship between the supply of money and nominal GDP
D．deficit financing which increases interest rates and reduces investment
Last year, airlines lost money (8) they will have to increase prices
A.so
B.because
C.and
A．increase both money demand and interest rate.
B．increase money demand but lower interest rate.
C．decrease money demand but increase interest rate.
D．decrease money demand and interest rate.
Gresham's law states that______.
A．creation of money will increase prices
B．expectations of price changes lead to price changes
C．bad money drives good money out of circulation
D．money can take many forms
A．a reduction in the equilibrium interest rate and an increase
B．an increase in the equilibrium interest rate and a reduction
C．no change in the equilibrium interest rate but a decrease
D．an increase in the equilibrium interest rate but no change
If the economy is in the liquidity trap, an increase in the money supply______.
A．raises interest rates
B．lowers interest rates
C．has no significant effect on interest rates
D．causes inflation
