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Question 41: H( a+ ~0 A; k4 J6 G2 V" V$ e
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 Z7 \' Z# ^
A) Real gross domestic product decreases and the inflation decreases.
1 e; m2 X. g% I- B6 ]B) The price level decreases and output remains unchanged.) W( P/ q5 k- B' n1 @7 L: S# s# \2 `
C) The rate of money supply growth decreases.; ~& K5 e4 U! B
D) Aggregate demand decreases.
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/ y/ S( J6 J2 R1 ~8 |Question 42
3 m; U. m% `2 \' O( Q( C( W3 B$ z& LThe velocity of money is the:/ ?4 i: O+ Q' X
A) rate at which the price index for consumer goods rises.
- M* u% q$ Y7 F" b) P6 Y/ w8 [B) output expansion multiple of government expenditures.
- R0 B7 [6 i3 Z. i/ p! L/ k' _C) average number of times a dollar is used to purchase goods and services.
+ F6 Y- n) O, s2 R _4 ED) number of times a dollar is taken out of the country during a year.% B6 o7 p: N" y* F
/ U- W, @; _6 C6 h$ T. xQuestion 43
$ f& F$ S3 @; w+ R7 H1 BThe advantages of a proprietorship are least likely to include:2 ]7 T1 u+ Q, [; }# Z4 i
A) ease of formation.
/ C1 R/ D3 T8 y6 d: j4 kB) simple decision making process.
) ?* r# z" ~/ G2 ^C) single taxation of profits.
" f+ K9 f) W# E+ z9 LD) limited liability.
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1 \+ d- X3 k9 M7 K+ \Question 44
- Y6 I2 I& p1 [; Z. y6 l% `7 HIn theory, the supply of a non-renewable resource is:7 T* ~/ i7 o/ |2 D
A) fixed over a specific period of time.
/ A- v- u3 s- F, r3 {/ e9 SB) perfectly inelastic at a price that equals the present value of the expected next-period price.
# f+ ^1 W" |& T( }. T& b6 y$ ]C) perfectly elastic.
3 K' V: `5 |+ h% h# ^) L3 bD) perfectly inelastic at the price where demand intersects supply.' u- x h* L5 n, }4 P
) v" A! |1 _8 q; b; |Question 45! w$ ^3 y+ k& W3 d2 ]
Demand-pull inflation would least likely be caused by an increase in:
5 E; J" u$ r- w& r' @. y- M- ]* aA) the prices of raw materials.
8 X- U4 N) T9 C" g$ a: G. X* e6 B5 hB) the money supply.! z' r4 a5 w# i) S7 b5 ?
C) government purchases.: L- K5 _2 X7 L" a6 O K/ O
D) foreign incomes.( Y: {& w$ W3 E" _ z
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发表于 2015-7-16 09:35:32
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