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1)A country’s economy is in a short-run equilibrium with an output level less than the full-employment output level. Assume an upward-sloping aggregate supply curve.
Using a correctly labeled aggregate demand and aggregate supply graph, show the following.
Full-employment output, labeled as YF
Equilibrium real output and price level, labeled as YE and PLE, respectively
Assume that the country’s government increases domestic military expenditures. On the graph from part (a), show how the increased military expenditures affect the following in the short run.
Aggregate demand
Equilibrium real output and price level, labeled as Y2 and PL2, respectively
Using a correctly labeled graph of the short-run Phillips curve, show the effect of the increased military expenditures in the short run, labeling the initial point as A and the new point as B.
Assume that the increased military spending is financed through government borrowing. What will happen to the real interest rate? Explain.
Assume that the economy produces only two goods: military goods and civilian goods. Using a correctly labeled production possibilities curve, show the effect of the increase in military expenditures from part (b), labeling the initial point as C and the new point as D.
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2010 AP Macroeconomics(Form B) FRQ真題題目 下載鏈接
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此套題共計(jì)時(shí)60分鐘
共3題
每道大題可能含有不同數(shù)量的小題
建議前10分鐘讀題后50分鐘答題
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2010 AP Macroeconomics? FRQ真題題目
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