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Question 41
$ @ \- \/ @0 d9 W1 h* k v3 ?( ?5 e c3 ~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?
: ^1 m2 Y9 z* _+ B! IA) Real gross domestic product decreases and the inflation decreases.2 G' o+ ]$ C) _- H
B) The price level decreases and output remains unchanged.
5 J; M. j2 K4 \2 aC) The rate of money supply growth decreases.
# N' R* G$ d6 h3 UD) Aggregate demand decreases. K3 w; U j+ d3 _) ?2 C
e4 j0 ^* N- n8 n. `! t5 _Question 42
( S8 J, X) u' O1 D* O2 P8 k; sThe velocity of money is the:
* U* `. E5 g2 \A) rate at which the price index for consumer goods rises.8 ~- q% V7 Z) u0 e' s* d
B) output expansion multiple of government expenditures.* `1 ]1 r7 I4 @8 D i; [9 o. |
C) average number of times a dollar is used to purchase goods and services.( k G$ ?& n3 Y4 M) Z5 i- H8 h3 @
D) number of times a dollar is taken out of the country during a year.: g0 j3 |& y }& s* ^
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Question 43
: p9 v/ ^5 \! Z1 e* j9 ~" e, TThe advantages of a proprietorship are least likely to include:
6 F- c% d( }! R5 OA) ease of formation.
1 ?* x+ \- j& Z Y* G! a; RB) simple decision making process. m* D( w4 `0 l0 c1 o6 K
C) single taxation of profits.
/ o/ a, }7 q( `5 z5 j* xD) limited liability. 3 G, D% w* Z0 m w9 v: `
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Question 44
B$ J; u- G* ?# J0 i: M4 jIn theory, the supply of a non-renewable resource is:- i+ D- m+ m7 ], g+ D, M
A) fixed over a specific period of time.
' v7 p* |6 H+ G( F |0 `3 lB) perfectly inelastic at a price that equals the present value of the expected next-period price.3 e5 H+ A# S: [, [$ J0 J/ z* Q$ U
C) perfectly elastic.
) F" {& m! j, l1 }$ uD) perfectly inelastic at the price where demand intersects supply.
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Question 45
3 h5 s+ R6 d. }, TDemand-pull inflation would least likely be caused by an increase in: I; M% O7 @1 ~/ f4 a
A) the prices of raw materials.' q& q- W1 E& O& A9 @0 a2 N
B) the money supply.' @+ A# F* b, P& j1 N
C) government purchases.7 P4 D- q. J3 K' i
D) foreign incomes.3 K* L; I& C9 \
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发表于 2015-7-16 09:35:32
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