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Question 414 Y; H+ m6 S% ~. \+ \# u( O- 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?+ q+ O% j1 c; W$ F1 r; S* o9 g3 t8 e
A) Real gross domestic product decreases and the inflation decreases.3 x3 x7 `* s+ Z3 \6 E
B) The price level decreases and output remains unchanged.
- c0 m# M0 e+ E& Z# C. oC) The rate of money supply growth decreases.
$ ^4 C: \; ^) v( L! \$ TD) Aggregate demand decreases. 7 O8 h# {4 ~4 P2 A3 h: P9 G! F
/ V: H j. C) ~/ o; N( i# XQuestion 422 g# k- l/ ~" R. s5 P( V
The velocity of money is the:( H) X" e0 f- D1 o2 i3 q! l
A) rate at which the price index for consumer goods rises.0 n- s4 V- M9 r' K4 }+ }
B) output expansion multiple of government expenditures.
W0 ]! l+ S2 B2 vC) average number of times a dollar is used to purchase goods and services.# f# H' O- e. n6 M( D; m, C/ v
D) number of times a dollar is taken out of the country during a year. J/ i, `* w( s9 c. [
& u2 E* b! z3 Q' d# _Question 43
3 w) h& e0 e/ o, i8 UThe advantages of a proprietorship are least likely to include:
5 N+ b' n- m, j8 V p0 oA) ease of formation.
, d. @9 c9 ]7 A- B4 `; UB) simple decision making process.) k( Y+ C# U, O
C) single taxation of profits.$ B5 z/ B0 ]- U; v: k* L6 Y
D) limited liability. : X* y/ y J3 J
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Question 44- b# e1 G1 D3 j+ _& N& k% F
In theory, the supply of a non-renewable resource is:
) v) Y( Y3 H7 T0 X9 M% C6 qA) fixed over a specific period of time.
$ ^+ j, }6 x& SB) perfectly inelastic at a price that equals the present value of the expected next-period price.
& o. Y, I! N( mC) perfectly elastic.
- [ V2 Z. m' q! P8 r( wD) perfectly inelastic at the price where demand intersects supply.
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Question 45
0 N. a6 L6 @: p6 ~7 E( XDemand-pull inflation would least likely be caused by an increase in:
S( N+ a- ^: H* h8 c8 B& k/ LA) the prices of raw materials.
* j+ D9 E$ v/ o$ GB) the money supply.
0 H! U; J; U3 H5 K2 b6 GC) government purchases.
$ h. [% J: ~$ ZD) foreign incomes.
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发表于 2015-7-16 09:35:32
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