|
|
7 @% j% |# S, u" Y; N, WQuestion 36* T% h! s; I# v. d# H) c2 I
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?
0 t* {1 R& n1 g# Q+ z3 S0 s. YMost frequently used Least likely expansionary
% {: Z& D. d* k( D- E+ r. o- lA) Open market operations Increasing the reserve requirement' E: w9 s4 c: U( H, Q/ V
B) Open market operations Decreasing the discount rate F4 Z: r: o* a
C) Discount rate Increasing the reserve requirement, n( v. E7 P7 e' p
D) Discount rate Decreasing the discount rate
/ e0 X. l5 x! s8 V8 E
5 _* Y6 s" u5 H9 O1 z ?Question 37
4 H }8 [' u; ~If a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?" _2 S8 n8 N7 A7 q9 O
A) Firms will use less than the economically efficient amount of capital." p2 m% c* N9 a; _6 c7 X6 v
B) There will be excess demand for labor and unemployment will decrease.: J; w& p4 P& ?
C) The minimum wage will have no effect on the equilibrium.7 j ^2 |5 _" |& [4 h* R
D) There will be excess supply of labor and unemployment will increase.
( {2 |; T; b( A, S
% j2 n- L% f, f# sQuestion 38$ R: u7 @4 @5 k1 D/ V" T5 ?: \) P7 a8 V
Which of the following statements about price takers and price searchers is most accurate?
9 g) S& Y% w1 ~% TA) 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.
3 R+ e8 Y* K& o7 k! A* \& uB) Price takers maximize profits at the point price = marginal revenue = marginal cost.
y, V" Z% R O7 Y$ {; xC) In the long run, both price takers and price searchers will have zero economic profits./ A8 v$ R& _# \% Q# l' H
D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.7 }7 M# B+ U( Y4 K" X; S6 A/ u
4 q' M# d2 ?3 S# h3 ^, JQuestion 39" v( W' Q0 ^4 m9 B" P$ ]
A generational imbalance is best described as:2 K$ E7 X8 M% n0 }* A
A) accounting for the taxes owed by and the benefits owed to each generation.
: Y& v3 Q" k' J1 | I) lB) the present value of future government deficits and how future generations deal with this problem.' b: F2 `$ G- X4 i! \% [
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
# D0 l ^% c8 M2 G( z! Q- v- ]D) one generation being promised more government benefits than another generation.
4 D/ p8 p; l7 c3 g ; g1 c d" q1 k: s: E2 d
Question 40( l6 s0 Y2 b3 u# z$ i: ^0 G0 o# Z
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?
0 K) d$ E) v- T# [& O% S! A) M
& h' L0 p7 l$ b Output Price4 X4 I' B1 P$ c" H5 \
A) Increase Decrease
5 o) {, a. C4 ~* O8 n4 kB) Increase Increase. U$ j$ G- G+ @& _3 p J# J
C) Decrease Increase) U# C. q* A) ?( ~
D) Decrease Decrease |
|
发表于 2015-7-15 09:08:22
楼主
