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Question 410 |$ E0 r% d. C6 V% n
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?
! I% { F) l0 y) X5 O6 A% uA) Real gross domestic product decreases and the inflation decreases.
1 M; H B7 ?+ J' dB) The price level decreases and output remains unchanged.7 \* u8 a6 U) n/ V- W" _8 K
C) The rate of money supply growth decreases.
" M4 A" k1 D5 r; J. yD) Aggregate demand decreases.
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) S' P9 s7 u pQuestion 42
v$ c1 d! K) m$ h& J+ A# P. ZThe velocity of money is the:
* A6 M# n4 I9 s4 nA) rate at which the price index for consumer goods rises.
$ g. o& J8 @& S0 P1 P" F2 J- TB) output expansion multiple of government expenditures.
1 F! k. @6 t0 X, o+ sC) average number of times a dollar is used to purchase goods and services.% h- `3 |" V6 E
D) number of times a dollar is taken out of the country during a year.! b" J, n- ]0 I3 D, r, E) U0 C2 e
# ?+ g. S: \1 A# Q$ TQuestion 43
! ~0 c. ?4 P) x' P2 ]The advantages of a proprietorship are least likely to include:
& `' v' u- {2 T5 T4 vA) ease of formation.
' N* G; d3 e" h2 u: nB) simple decision making process.7 t T& P5 P9 U. y& e, D7 Y
C) single taxation of profits.
' n& t' r9 K- T4 a) l" V/ XD) limited liability.
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Question 44
: N% G# k* S# j3 f5 N( f9 KIn theory, the supply of a non-renewable resource is:* n- D: s" t& U- S7 U
A) fixed over a specific period of time.
+ K1 o2 S. A! `B) perfectly inelastic at a price that equals the present value of the expected next-period price.+ z! Y) E8 r( }$ B r
C) perfectly elastic." M/ E& U% w$ B- a
D) perfectly inelastic at the price where demand intersects supply.
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+ o9 W7 v2 x* R% v9 c# r2 MQuestion 45+ b# E8 }) S/ E7 w9 k0 A4 g
Demand-pull inflation would least likely be caused by an increase in:
# R3 k; F, w( rA) the prices of raw materials.9 F) [. I' w: E4 @4 c+ P! I9 ?& ]
B) the money supply.6 d% K3 w0 }2 W V. W0 }5 }
C) government purchases.3 M/ P7 L$ ^4 S/ v9 f
D) foreign incomes.! B( ^* a- }) S# P
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发表于 2015-7-16 09:35:32
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