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Question 41
# d) V4 s( F; k {# i: @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?! w0 E0 d" Y" U
A) Real gross domestic product decreases and the inflation decreases.4 g x. T4 t L+ x2 D* A' n3 E$ P
B) The price level decreases and output remains unchanged.. E& j7 C7 e h4 i1 K
C) The rate of money supply growth decreases.9 R! X w' m; v; l
D) Aggregate demand decreases. 5 H6 H4 l- I" n
" b6 M2 c7 w8 s( b: MQuestion 42" L) \! b w! }8 |- E% d
The velocity of money is the:& a3 v- ]+ h; P2 x# Y% W
A) rate at which the price index for consumer goods rises.: T/ D0 n% C: q: k
B) output expansion multiple of government expenditures.& r# J! H: _1 S" s. P
C) average number of times a dollar is used to purchase goods and services.' g2 W! v* N* J& t: U3 L4 {# y
D) number of times a dollar is taken out of the country during a year.0 x. H1 V' e! Z) n
( E% D2 b S5 u! \2 n. O7 o2 kQuestion 43
' V. b' c4 s8 ]6 J6 ]: X) WThe advantages of a proprietorship are least likely to include:
, z6 L! L+ ~( x$ P6 e, k3 rA) ease of formation.
& M. T/ l, |( [3 d4 i" [B) simple decision making process.
9 U! M( S* R ?C) single taxation of profits.) ^, j* M# G y( Y
D) limited liability.
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Question 44
; r& n0 l7 L) K# W& [9 xIn theory, the supply of a non-renewable resource is:
: P- p6 K8 f5 ?! x7 @: mA) fixed over a specific period of time.
* R4 D! b) }$ A: B$ w. I9 dB) perfectly inelastic at a price that equals the present value of the expected next-period price.$ f+ u3 j2 z2 C2 A( y9 t( B
C) perfectly elastic.
: A. @/ r8 d# B2 b" FD) perfectly inelastic at the price where demand intersects supply.! `( _4 k/ i/ `* T4 x
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Question 45
' e3 R/ q' I R! w$ @* q% Y4 `8 WDemand-pull inflation would least likely be caused by an increase in:
3 j8 F8 c8 g* }0 sA) the prices of raw materials.
) }) X% t& m8 R8 x- TB) the money supply.
. J6 k- s8 n1 X. `C) government purchases.
( x. r6 [6 @. r; d7 Z. C1 x9 |" VD) foreign incomes.
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发表于 2015-7-16 09:35:32
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