Use your understanding of the IS-LM-BP model to answer this question.
Assume at the initial equilibrium that output is above the target level
of output and that a private payment surplus exists. Given this
information, we know with certainty that which of the following policy
actions will simultaneously achieve both internal and external balance?
a) increase in the nominal money supply
b) reduction in the nominal money supply
c) increase in government expenditures
d) reduction in government expenditures
e) more information is needed to answer this question
題目說一開始的均衡產出在目標的水準之上,接下來的意思我就不懂了
題目是要問什麼??
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Assume at the initial equilibrium that output is above the target level
of output and that a private payment surplus exists. Given this
information, we know with certainty that which of the following policy
actions will simultaneously achieve both internal and external balance?
a) increase in the nominal money supply
b) reduction in the nominal money supply
c) increase in government expenditures
d) reduction in government expenditures
e) more information is needed to answer this question
題目說一開始的均衡產出在目標的水準之上,接下來的意思我就不懂了
題目是要問什麼??
--
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