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Question 41
4 I3 b. S5 S5 o7 N7 ZAn 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?& E" \* D! S' g/ t; \& c
A) Real gross domestic product decreases and the inflation decreases.7 ? }% V3 i3 x, h' q
B) The price level decreases and output remains unchanged.5 Z8 }/ C6 u/ `$ z) }
C) The rate of money supply growth decreases.
1 v7 ~! Z6 i$ g' F2 `% h7 XD) Aggregate demand decreases. % J; y" A3 e. P+ Q4 R
- [' D* f \5 n0 s: _Question 42
5 m8 n+ `- K/ x! @The velocity of money is the:+ G; ^9 [" C& ?6 ^2 G) B
A) rate at which the price index for consumer goods rises.
. K `* U3 o$ C6 lB) output expansion multiple of government expenditures.5 n. } ]* J0 b8 k
C) average number of times a dollar is used to purchase goods and services.
3 x M# }: N- Y) W) L) M* r5 zD) number of times a dollar is taken out of the country during a year.
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. B: ?3 ]8 H; y! D4 MQuestion 43
2 y2 _2 U' k* ]. J, v6 jThe advantages of a proprietorship are least likely to include:4 K+ Q6 b+ c; a; ^
A) ease of formation.' s- V9 ^$ Z" m+ ]8 r7 H8 J I9 q; B6 Y
B) simple decision making process.
5 a7 j, Z) B! B0 _$ QC) single taxation of profits.
2 N2 @( c( k$ M3 m4 O. |4 V0 DD) limited liability.
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Question 44
1 a! O+ t, o; wIn theory, the supply of a non-renewable resource is:& m/ x& [! K8 [
A) fixed over a specific period of time.7 m$ l' Y# E. y+ R W* `
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
1 W0 M* a8 h5 o# w0 oC) perfectly elastic.) g0 A/ I* M& @" C% A; y6 G
D) perfectly inelastic at the price where demand intersects supply.
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Question 45
' W+ ?4 m: \- N% l* |& n/ vDemand-pull inflation would least likely be caused by an increase in:
4 o- t* X" o7 w, P' c7 N/ M: YA) the prices of raw materials.% @' e3 s9 v/ l, h
B) the money supply.
' A& g8 I* L, @, D( Y* I" zC) government purchases.3 T( x& o% Y* Z# U- R
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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