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Question 41" ~) e4 M" r; N5 [0 s5 x! V' u( w- z
An 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?: p' }4 O/ `) N
A) Real gross domestic product decreases and the inflation decreases.9 I7 Y/ R" I3 G; w4 Z
B) The price level decreases and output remains unchanged.
( Y0 g6 C8 N5 q" VC) The rate of money supply growth decreases.; i( N4 A k$ O) J9 Q" X3 K
D) Aggregate demand decreases. & Z2 K' T; W6 a% R# E
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Question 42
* G; |0 |9 i( ?$ }9 VThe velocity of money is the:
8 C. \6 |$ x: y5 [$ J* D" o$ @A) rate at which the price index for consumer goods rises.2 G) g& G- R9 k. l+ f
B) output expansion multiple of government expenditures.
+ d9 ]4 T2 Z ?C) average number of times a dollar is used to purchase goods and services.( G; P( Y0 {6 Z) q' W2 w# k! p9 }
D) number of times a dollar is taken out of the country during a year.2 i; ~; E# r1 e8 Z# A
7 Q& l5 I: }) t( Y1 A3 X7 e" v1 J, wQuestion 43/ t3 k0 R" F/ y q( y
The advantages of a proprietorship are least likely to include:
- o) b3 i, Q( d' c8 L% B, G, H3 I9 HA) ease of formation.4 u# |9 g$ K9 t" a
B) simple decision making process.
3 U2 a" ^# I4 F+ {% RC) single taxation of profits.
9 l- P' A9 N4 f0 AD) limited liability. ( r% G; `# \" e
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Question 442 h# h _ n: Z% U* Z8 S
In theory, the supply of a non-renewable resource is:* _* m5 L! W3 r+ L0 Y3 B' d F
A) fixed over a specific period of time.
7 d0 m' y" u) J" u( u; c- W% uB) perfectly inelastic at a price that equals the present value of the expected next-period price.9 R0 \7 n: _' _3 e; r |5 u; B
C) perfectly elastic.1 h8 r0 e+ a# b; _/ n* M
D) perfectly inelastic at the price where demand intersects supply.5 k; \" k7 o# G& X; V$ y
p: \* K! R9 S, P& DQuestion 45& P# f% ]9 _" C% a
Demand-pull inflation would least likely be caused by an increase in:
$ F; s8 y1 M* T5 `$ dA) the prices of raw materials.
( J, }; w- K: N& W |B) the money supply.
: W4 U' Z( q) v* q* O3 n# uC) government purchases.$ W; Z d/ U# I. t( }# S- N9 k7 n
D) foreign incomes.3 v* I) b8 h2 H: A7 D7 f' s# K
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发表于 2015-7-16 09:35:32
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