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Question 41
/ N- J4 {; }6 I/ t$ uAn 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?
8 Z+ z X$ A {A) Real gross domestic product decreases and the inflation decreases.
% e# Q; h4 [" g; q( N; ]7 V2 `$ VB) The price level decreases and output remains unchanged.
" b# i- m6 J. {/ j; N1 kC) The rate of money supply growth decreases.1 Y. @8 ^* B7 |# L3 o. a; ^
D) Aggregate demand decreases. 8 h; F! Q8 f6 q+ n8 q
+ V( y. F6 R# {2 [0 T! z9 SQuestion 42( x' p3 h! @; Q& A: c0 |. a
The velocity of money is the:: j6 k! N2 {8 I3 b9 P4 r. P1 s
A) rate at which the price index for consumer goods rises.
0 Q. M0 y- V5 r/ c& SB) output expansion multiple of government expenditures.
9 m$ g$ E& J* }. j/ L2 Z& z- XC) average number of times a dollar is used to purchase goods and services.
5 g+ i7 H u5 R" H$ }' V- nD) number of times a dollar is taken out of the country during a year.) O$ q& k2 \5 X! y1 C3 U0 w
( K" j5 `& O5 U' ?) UQuestion 43( q; a5 _9 q2 w: O
The advantages of a proprietorship are least likely to include:) Z# `7 i6 }* _( {+ i7 o4 }
A) ease of formation.& R4 \; ~, ~$ a
B) simple decision making process.8 b& E0 c8 M3 _3 h2 S
C) single taxation of profits.
% z/ o% W* T) q# MD) limited liability. 9 b: s/ v* m% m7 |# N& q
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Question 44! k3 E- e8 J9 _2 v
In theory, the supply of a non-renewable resource is:
8 i- R) Z: K4 e4 ?6 |A) fixed over a specific period of time., M* O" l$ s5 |& @' T7 H
B) perfectly inelastic at a price that equals the present value of the expected next-period price.- t0 Z0 x2 K8 y
C) perfectly elastic.+ W6 [+ |* q+ W9 {
D) perfectly inelastic at the price where demand intersects supply.
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Question 45
) } ?( U8 j; ?+ K* c2 y; n( vDemand-pull inflation would least likely be caused by an increase in:
5 \' P" s9 C) v9 n' IA) the prices of raw materials.
7 W9 x5 ?, V8 d3 d4 Q) a' }B) the money supply.
9 C3 a/ e( Y0 t* ^' U0 yC) government purchases.- r1 n+ t3 u/ f/ `; n
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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