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Question 41
1 r. r2 J5 f! V+ Z8 T8 D/ r5 TAn 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?
7 m: t. X4 w; E7 h* xA) Real gross domestic product decreases and the inflation decreases.. y$ I3 I& l! V' O: Q8 h
B) The price level decreases and output remains unchanged.4 ] f7 s5 {% l0 h4 o1 \1 q
C) The rate of money supply growth decreases.' u' D4 q9 E# X6 g; i) \
D) Aggregate demand decreases. & f6 X$ p0 {* L' ~8 L/ }7 O6 m
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Question 42# ~+ z- d: d& U% @
The velocity of money is the:
3 Y/ t1 e% j0 a7 |% `A) rate at which the price index for consumer goods rises. |' x& t+ H" @: A7 w( _, ~
B) output expansion multiple of government expenditures.- U/ B) D2 f {3 I& |
C) average number of times a dollar is used to purchase goods and services.
% H. ?' D, U9 x4 i5 u+ l tD) number of times a dollar is taken out of the country during a year.) }3 D- u6 l. l& }0 ~1 y7 Y
! `' M- u4 O# E+ E. y0 B) yQuestion 43
6 E% c" l. P) ?4 pThe advantages of a proprietorship are least likely to include:
2 |9 t8 {% D& QA) ease of formation.) ]) R; @1 W; S) ~
B) simple decision making process.
& w9 A9 E1 M7 b; P- OC) single taxation of profits.4 s M* ?. q9 {0 ?
D) limited liability.
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Question 44" X) K' Q# k+ m R& O x: w
In theory, the supply of a non-renewable resource is:" t3 [9 |# D/ W" Z* L
A) fixed over a specific period of time.
. B9 p' v* N) f2 Y1 bB) perfectly inelastic at a price that equals the present value of the expected next-period price.
3 Q4 w& }% @( w) b+ L! X( ~. g/ M8 LC) perfectly elastic.
j5 n+ L8 \+ u3 J5 \# J. l5 I& o: wD) perfectly inelastic at the price where demand intersects supply.5 m* t* i, a+ }
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Question 45
) p( e, ?5 f. hDemand-pull inflation would least likely be caused by an increase in:+ ~( x! A# X* Y8 g- b- l) q1 e
A) the prices of raw materials.5 @( m4 T& e/ W6 p5 D
B) the money supply.- ~% D& q) M- A, O) A
C) government purchases.. A! T+ ^; i- e% c( Z0 o! |# j6 t
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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