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Question 41
& r- G7 i. Z m. B! J% `9 dAn 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?& k; l3 ~9 k c4 F: h. u# b( l: \
A) Real gross domestic product decreases and the inflation decreases.0 l$ }0 S5 J% J7 k- J3 h+ \
B) The price level decreases and output remains unchanged.
1 U3 M6 o8 T0 T; P- P& mC) The rate of money supply growth decreases.
9 o {; P& Q6 H v, R" OD) Aggregate demand decreases.
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/ S4 D7 H- V( F5 D* OQuestion 42
* g9 U! ?" G) N& wThe velocity of money is the:
! U o& t8 s# q+ v% g" I, w M& [; MA) rate at which the price index for consumer goods rises.
b% c; d* F% t+ y5 t2 ~2 B8 \B) output expansion multiple of government expenditures.5 p7 G3 \& w- u2 `5 {
C) average number of times a dollar is used to purchase goods and services.1 ]6 M, B2 j, I& M* K+ r$ s& s: u, P! S
D) number of times a dollar is taken out of the country during a year.% l9 E$ C t/ x
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Question 43
& a+ D$ A8 i2 V( X+ b. sThe advantages of a proprietorship are least likely to include:* W+ G5 ?* i8 l+ [
A) ease of formation.
5 R! v' O( ], l( J2 D' z ]B) simple decision making process.# r. s* p& Y2 j; D
C) single taxation of profits.) l' c" E6 D. e3 B
D) limited liability. ' x2 u/ @3 K9 J& M: q5 i1 y
$ t/ Y) y7 j, V2 g( iQuestion 44
8 ^+ ?& n0 F, k2 b6 r( p' a' eIn theory, the supply of a non-renewable resource is:
8 V! c6 t L# s7 ]0 D NA) fixed over a specific period of time.
5 ]+ h& m! B! Y# aB) perfectly inelastic at a price that equals the present value of the expected next-period price.
% N0 ?" z" R4 P. z4 m$ j2 T! |C) perfectly elastic.! `/ P( A7 a/ x0 s, W B
D) perfectly inelastic at the price where demand intersects supply.& r, @1 Q$ D$ ~8 e2 J
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Question 450 A' i! O0 X1 h4 V
Demand-pull inflation would least likely be caused by an increase in:
+ {! ^ a: V3 N8 [/ P0 VA) the prices of raw materials.
8 r6 V" X0 [$ G% S" }3 `B) the money supply.
$ h* @* ^: ] I1 r4 W2 Z/ HC) government purchases.2 n Z I; c+ X; T* n8 `& P
D) foreign incomes.. I* N( h$ }$ `/ a ^( s$ w
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发表于 2015-7-16 09:35:32
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