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Question 41
: K$ R% M0 a& R: a, ]5 sAn economy in long-run equilibrium experiences a cost-push inflation shock. If a feedback rule monetary policy that focuses on the price level is in place, which of the following effects of the monetary policy change is least likely?' K, B' @$ t- O) I
A) Real gross domestic product decreases and the inflation decreases.5 o% y X& W# X, a7 {
B) The price level decreases and output remains unchanged.
) M( [4 x! S, X1 X. v( v% N |C) The rate of money supply growth decreases.9 l; X" d* s! R5 D
D) Aggregate demand decreases.
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Question 42) k3 a+ a. x8 ?# N# d+ K
The velocity of money is the:
# [$ R5 q$ n8 x7 q0 y! mA) rate at which the price index for consumer goods rises.: f& Q. _; P6 o2 o/ D% l$ a; P
B) output expansion multiple of government expenditures.
: W( {4 N# ~- [# e @6 h0 }& YC) average number of times a dollar is used to purchase goods and services.
; W+ ?8 F2 m) e9 o, p% ^D) number of times a dollar is taken out of the country during a year.
6 S+ ?1 ]& @8 m6 g, Z- Z: f ! T, T3 I* f3 ~! j$ o9 C% H- u
Question 43
$ I$ B' y+ f" M9 Q1 U X" @The advantages of a proprietorship are least likely to include:! X9 J, g+ r* Y$ k7 v
A) ease of formation.# \- C+ U( M, R/ j! G- |) s3 ]
B) simple decision making process.
: g5 r4 H; q4 t0 {! oC) single taxation of profits.! W l; v8 l* {* j; m% ~
D) limited liability.
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$ E0 y: g" Q# v6 l% }Question 445 W; f" F! z0 c6 z' O+ w
In theory, the supply of a non-renewable resource is:1 A: V' e+ p. |, ^) k
A) fixed over a specific period of time.
3 X; O" q5 ~* u, j- L8 B; iB) perfectly inelastic at a price that equals the present value of the expected next-period price.% d& m6 x6 I& {. d
C) perfectly elastic.
# T; R' d; ?# ]' b; S& b9 y- VD) perfectly inelastic at the price where demand intersects supply.5 s" i# Z. ?9 Q9 J1 q+ H% b
2 J$ C& p3 r, mQuestion 45
& b' M3 i c2 _0 TDemand-pull inflation would least likely be caused by an increase in: p& g% \! c/ q
A) the prices of raw materials.
- L! i U1 w2 }9 kB) the money supply.& I, i! x* j$ x$ P6 E+ _9 x! q
C) government purchases.
2 T- z( M7 t& {D) foreign incomes.
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发表于 2015-7-16 09:35:32
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