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% w6 L" J' H; k+ Z6 `. pQuestion 36 b, x$ e- G" D y# [
Which of the following actions by the Federal Reserve is the most frequently used and which action would least likely be used for expansionary monetary policy?# E! V0 Y/ i% g5 \% A
Most frequently used Least likely expansionary% p% M# H: I! X: Y! x3 e8 @
A) Open market operations Increasing the reserve requirement
5 p& T i8 Y4 M% `& ZB) Open market operations Decreasing the discount rate0 s* Q3 g2 C+ h" n$ g+ H
C) Discount rate Increasing the reserve requirement
5 {9 b9 g( A$ |8 p) @4 TD) Discount rate Decreasing the discount rate
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Question 37
: \/ [0 y; w+ mIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?( U/ O/ a- Z4 g+ R3 }
A) Firms will use less than the economically efficient amount of capital.
& }; Y6 F& }' z/ WB) There will be excess demand for labor and unemployment will decrease.
; B5 u2 J9 x/ u2 {7 s+ v: Y& @C) The minimum wage will have no effect on the equilibrium.! H R+ W5 o8 D0 x3 Q( L. P
D) There will be excess supply of labor and unemployment will increase.
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Question 38
: q- h% T. U. i7 D9 W* NWhich of the following statements about price takers and price searchers is most accurate?
# P- z7 l7 M2 T; }( d2 O# DA) In the long run, both price takers and price searchers maximize profits at the quantity corresponding to the minimum point on the average total cost curve.; X1 X* o% H) u4 }- n
B) Price takers maximize profits at the point price = marginal revenue = marginal cost.
- [# E$ Q3 V8 s9 ^5 JC) In the long run, both price takers and price searchers will have zero economic profits.' A# b0 @+ g4 k4 B
D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.9 X. k& S8 F4 E# B1 B( F/ g
8 r$ @% ^2 F* x" w- yQuestion 39
( x/ O. g4 F+ w* @3 {3 F3 `$ k2 iA generational imbalance is best described as:- _( A5 o9 B1 i9 a7 \/ a) K
A) accounting for the taxes owed by and the benefits owed to each generation.' M) D. P2 [; o) H/ v
B) the present value of future government deficits and how future generations deal with this problem.( z- u5 z# g: P3 c% x+ t( m
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
) ]6 [' X8 L" k, o F0 b; M yD) one generation being promised more government benefits than another generation.
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Question 407 X+ R+ D, y- e4 L$ ]& h
If the government regulates a natural monopoly and enforces an average cost pricing, what are the effects on output quantity and price compared to an unregulated natural monopoly?) |) ~. P7 z5 L. |* i
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Output Price
. W# q3 n0 D( E( e6 R8 g5 @A) Increase Decrease
8 z" }9 e; M7 E' _2 v* h( n8 `& E% OB) Increase Increase
" R; I& ^/ W. Z. AC) Decrease Increase0 A2 c$ \- i, g6 D' l5 u
D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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