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Question 41+ E+ V& j7 U1 m
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?
+ O& v! c4 P+ |& nA) Real gross domestic product decreases and the inflation decreases.' m( ~& U. G( b/ s; i2 _0 V
B) The price level decreases and output remains unchanged.
! r" ^& ]1 n. a& z! aC) The rate of money supply growth decreases.
" _ _. B8 s1 w, }; RD) Aggregate demand decreases.
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Question 420 p" Q2 J6 q* I
The velocity of money is the:) S: q( L" _4 S
A) rate at which the price index for consumer goods rises./ W- ?+ K! K' c" t% Z; l- n
B) output expansion multiple of government expenditures.% ?. c$ v$ k0 D' I
C) average number of times a dollar is used to purchase goods and services.% ?$ K% h4 \8 V M4 y
D) number of times a dollar is taken out of the country during a year.
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( f" `% b# p$ x$ X8 {* J u/ g' ?+ YQuestion 43 n2 n8 z/ A# A& S5 _) A
The advantages of a proprietorship are least likely to include:
$ o. w" }0 A7 w4 b( S+ iA) ease of formation.& f0 j" |- ?7 j) x2 d- `& x# w
B) simple decision making process.3 d- m& R0 G, r/ r/ p' O
C) single taxation of profits.3 i4 Q, k" P" L k _
D) limited liability. + }; s+ J8 G- d: g4 t. A H
8 @! R9 _( U. {9 k& zQuestion 440 f4 L+ A. R. m ^3 h$ N) r
In theory, the supply of a non-renewable resource is:
' @6 t' B* y, SA) fixed over a specific period of time.- Q4 x& E# w# K, ?
B) perfectly inelastic at a price that equals the present value of the expected next-period price.5 L& G0 P$ v* E/ j
C) perfectly elastic.
& [1 o- v! v2 i% j6 O( N& W @/ Z- WD) perfectly inelastic at the price where demand intersects supply., O. q1 {4 x, ?( r: W+ o
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Question 45
O1 V) T% V# L8 \; v0 p; \* I2 oDemand-pull inflation would least likely be caused by an increase in:4 p; T. s" R6 T7 z
A) the prices of raw materials.
! l1 X: M# o, e6 l. l' _# U& QB) the money supply.
: p" L# Z' o, t& l5 jC) government purchases.
1 y' o" W6 W# `D) foreign incomes.; U0 O' |8 z0 _. W- e
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发表于 2015-7-16 09:35:32
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