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Question 365 x' ^9 L( B8 n
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?. u [2 O% w3 L7 S6 i
Most frequently used Least likely expansionary
* P0 C* P( B' `; e# x6 \" N" nA) Open market operations Increasing the reserve requirement
7 W! g6 j/ |4 f" b, H y! ]B) Open market operations Decreasing the discount rate# e' g/ V. V2 a4 q( Y7 T
C) Discount rate Increasing the reserve requirement
/ b3 i0 X" u% e: YD) Discount rate Decreasing the discount rate0 Y6 l R" l4 N$ b f& W" o2 ]
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Question 37; r C8 I$ w% \% u, Z0 R$ n! z9 D
If a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
" i2 a5 f) P4 W' l$ l; R y: Y8 o6 X4 CA) Firms will use less than the economically efficient amount of capital.
/ c5 j9 c+ k' F: O/ gB) There will be excess demand for labor and unemployment will decrease.
: Q! T% k' p0 s4 n# F6 y- h `3 A% g YC) The minimum wage will have no effect on the equilibrium.
" N- `) P9 b& M* _D) There will be excess supply of labor and unemployment will increase.
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Question 38
% m: h' k# g4 a j7 G" N& J) ]Which of the following statements about price takers and price searchers is most accurate?
# @# f% b7 W; _9 I- m; A, |A) 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.
7 E- G4 s) ]4 ~) V$ e# x9 oB) Price takers maximize profits at the point price = marginal revenue = marginal cost.0 R1 i$ _0 r+ I
C) In the long run, both price takers and price searchers will have zero economic profits.
4 h5 c" i) Z; G2 U6 e1 C* jD) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.
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- i6 t! o# R2 i. {Question 39 Z K6 b. n) W% }& d" @ Z' l) z: u
A generational imbalance is best described as:
, k% Q7 q* _5 e: y% GA) accounting for the taxes owed by and the benefits owed to each generation.
, Q/ D* c& b2 }B) the present value of future government deficits and how future generations deal with this problem.# T( \( v! `. a8 ]: A; q" ~, K+ t& k7 E
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
6 F' \; K l' ~' _D) one generation being promised more government benefits than another generation.7 D$ b, x$ g) n5 X" Q# z% W
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Question 401 P& P. r- a" B- b2 e
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?
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Output Price
. o! G. l) e" j0 x; A, X; }/ HA) Increase Decrease
6 [8 v5 y5 r; U8 J O% }B) Increase Increase* {' X: P! J+ L0 l
C) Decrease Increase& o! o3 F3 z5 V3 p( V% \
D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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