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Question 41 j$ g, C6 [# Q, y; W
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?
( l4 L+ I8 r) Q. r, a p3 ?! XA) Real gross domestic product decreases and the inflation decreases.! x! }7 P" }0 V/ o( z
B) The price level decreases and output remains unchanged.
& v0 P. {2 k( H! a l2 Q$ SC) The rate of money supply growth decreases.
% o+ n8 N% Y3 u9 B6 ^* [. {D) Aggregate demand decreases. % M; `" h% e2 |# X0 u: K
* ]+ A: s1 o5 z5 L- {3 S- R% LQuestion 42
, W& s( }* X, E9 R9 W/ l7 @The velocity of money is the:. n& Y2 d' I' E$ @6 e2 a
A) rate at which the price index for consumer goods rises.
3 ?; t$ }5 p/ b! W' B: q7 JB) output expansion multiple of government expenditures.
4 b3 w0 g, { z2 Z7 N6 tC) average number of times a dollar is used to purchase goods and services.
; ^. L) ^/ h0 o9 wD) number of times a dollar is taken out of the country during a year.
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Question 439 Z+ D- i! _& R$ a6 j* e
The advantages of a proprietorship are least likely to include:# W% S4 U* |* T5 L% O6 O6 j h
A) ease of formation.
1 t0 y5 k, T1 }$ I8 n) FB) simple decision making process.. j4 b1 l* k+ v9 U3 Y+ ?
C) single taxation of profits.- F5 X! a; {; I# F9 F
D) limited liability. , {, G) y' ?8 w. @; @
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Question 44$ b; i3 n$ d) ]8 N
In theory, the supply of a non-renewable resource is:& e# x2 G8 \) b' E8 Z2 i$ l
A) fixed over a specific period of time.
. |3 { @* Z, J3 TB) perfectly inelastic at a price that equals the present value of the expected next-period price.- k6 B1 A7 A0 y/ \- ?
C) perfectly elastic.
/ }7 V. p, \7 j4 i3 I( R5 eD) perfectly inelastic at the price where demand intersects supply.! Q! m3 ?- I; d7 ?
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Question 45
, F) E7 `# P; ^% a. RDemand-pull inflation would least likely be caused by an increase in: [4 F: j! V J$ [3 {
A) the prices of raw materials.
e, z5 X9 S- ? h: P h: cB) the money supply.
, L+ v/ T6 [7 o! C5 w, r! f! }C) government purchases." U- Q& O) j. {* c2 a6 G3 T( W3 i1 p
D) foreign incomes. Y1 Z. M1 O' B7 h. l
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发表于 2015-7-16 09:35:32
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