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Question 41
/ r& R6 g8 ^3 e9 ^1 ^1 V5 z$ KAn 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?
" |: C0 {9 `3 f# @! D+ t+ i/ v" eA) Real gross domestic product decreases and the inflation decreases.
% A# M$ q/ K7 A1 t" ]: Q6 xB) The price level decreases and output remains unchanged.3 V- v, P# s* {" v6 Q0 C7 A
C) The rate of money supply growth decreases.9 c$ @) J3 d/ L4 ]/ b# B
D) Aggregate demand decreases.
1 K2 Q) X+ ]% c6 B: N- m
" o5 }9 x% k- {, j' kQuestion 42+ @+ \" p) r+ ]9 E" K
The velocity of money is the:+ Y8 N) v$ r( _! ?: X0 K/ a
A) rate at which the price index for consumer goods rises.. t7 E6 ~; S- m3 {
B) output expansion multiple of government expenditures.
2 ]( Q" `% d9 R3 v1 |- d9 h" L5 w1 pC) average number of times a dollar is used to purchase goods and services.
1 u- s! O7 X( l9 b; v5 g4 RD) number of times a dollar is taken out of the country during a year.) l4 l# p" r1 }( R
' S6 I2 P$ P% L& s! GQuestion 43 S$ s" {+ F0 ~# {6 ^: R0 h# D; y
The advantages of a proprietorship are least likely to include:# X8 g8 a) W6 |1 W% y0 K9 O
A) ease of formation.
# D, v7 ^/ g8 TB) simple decision making process.
5 i9 Q7 ~ Y6 M( Q; {C) single taxation of profits.
0 M7 D2 @/ r; Q$ [) }1 s0 ID) limited liability. }" R% J, D7 N, J- s' t3 F
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Question 44. ]% T( b$ t) c6 @2 O- u, u, i6 c
In theory, the supply of a non-renewable resource is:
2 i! C8 a5 j* AA) fixed over a specific period of time.; B" n0 n$ I% G- O6 E
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
! O# r0 v7 z6 A$ l y! l9 ZC) perfectly elastic.
- A. f k' W' [" G, lD) perfectly inelastic at the price where demand intersects supply.
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4 m u7 D$ C& S: T+ pQuestion 45
: W& P! Y: ^0 }, h3 U; y5 JDemand-pull inflation would least likely be caused by an increase in:
4 `' c ]! @' l. A* W) F% k8 cA) the prices of raw materials.$ ?5 B$ N; f+ _! X4 t5 X
B) the money supply.
3 w7 a8 Y+ k5 ^C) government purchases.
1 n7 p. |* U, R0 c. a! L* ZD) foreign incomes.- [: Z2 C( u9 [3 b
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发表于 2015-7-16 09:35:32
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