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Question 41# B7 R) q) T9 [1 B" u
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?
% h& R3 H( N. vA) Real gross domestic product decreases and the inflation decreases.3 s+ n7 q" N" K7 p- \6 }5 D+ _
B) The price level decreases and output remains unchanged.
, E* J! Y! ]" O% @0 k Z1 H3 z9 gC) The rate of money supply growth decreases.
" H3 s5 x4 x2 N) aD) Aggregate demand decreases. ! o6 R- H1 Z" H% O- m8 Q( q6 b% P8 X
# C% d, i! z L1 r3 y8 PQuestion 42
Y, ^# |' p7 b$ J$ h! c6 gThe velocity of money is the:
) M- m+ j2 G" j( KA) rate at which the price index for consumer goods rises.
8 T2 Q. @; G6 v: q) jB) output expansion multiple of government expenditures.
/ E3 [: a) p: _( Q: T" }C) average number of times a dollar is used to purchase goods and services.
# L* l k0 J& d- y X. I( ~D) number of times a dollar is taken out of the country during a year.: r' M$ O: M% @" b; ]
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Question 43
& Y4 f" k8 \- W+ ?The advantages of a proprietorship are least likely to include:
4 r& }5 K& G! h& S$ h: G9 x% LA) ease of formation.' c" X' o# @/ @5 z9 E& ]1 K1 {
B) simple decision making process.
6 q+ |5 _ @1 N0 \C) single taxation of profits.
* V* G7 S! G6 q6 C# s$ k" zD) limited liability. ( S) q7 M" A' U2 L+ |3 a3 y" t2 \
+ B, r5 G3 x. a1 M" W8 sQuestion 449 H. b& T+ K! |7 C- o" K; J
In theory, the supply of a non-renewable resource is:0 I% q p2 e* ^8 D
A) fixed over a specific period of time.! M& U; m( @) Z, c2 h
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
- X- Q! C1 B- ?0 {* fC) perfectly elastic.0 _) T; D* b+ W! s, I$ y
D) perfectly inelastic at the price where demand intersects supply.
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( J# T8 m+ m4 `6 U( i' d& b( U: MQuestion 458 P$ I/ ?+ z8 ?
Demand-pull inflation would least likely be caused by an increase in:
* B6 r: S. u8 K9 GA) the prices of raw materials.
$ b; ^0 H' s- O, W4 O1 s Q3 v* \B) the money supply.
+ t3 ?0 R* T% ?* uC) government purchases.
+ V0 ^) H$ I! u) ], fD) foreign incomes.
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发表于 2015-7-16 09:35:32
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