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Question 41
9 |* g/ B% x2 e' q. |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?
( g% d$ w1 i! A2 X# A, I) t; L) L7 jA) Real gross domestic product decreases and the inflation decreases.
( n, z0 z- f( t" DB) The price level decreases and output remains unchanged." [6 s3 g2 D1 h! n" Z
C) The rate of money supply growth decreases.
8 m" @# s3 j8 S) VD) Aggregate demand decreases.
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Question 42) E; e( ^5 y. z( W/ C8 A: s Y$ Z
The velocity of money is the:, t4 j g2 n* H; I. u8 _& ]+ S( `
A) rate at which the price index for consumer goods rises.
& p! t! R3 W) w: x' }B) output expansion multiple of government expenditures.$ F& R: S4 Z$ _) h+ D
C) average number of times a dollar is used to purchase goods and services.
( }- R1 t9 r8 w4 |$ R9 ]8 {) `D) number of times a dollar is taken out of the country during a year.% J9 N6 ]+ x9 w* g3 w; }+ O
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Question 43) r$ B) m% ^! `1 V8 W
The advantages of a proprietorship are least likely to include:
( i; F0 y$ K6 |) QA) ease of formation.
! q% X6 `2 \1 i& i& AB) simple decision making process.
8 r" v8 Y, {' F- }. sC) single taxation of profits.
6 s% S% B3 `! b- W; W8 I% t. |* GD) limited liability. 4 e% {6 k/ [! W4 e
& l v8 R2 p2 Q9 B1 t& d$ k! |$ [Question 44
( T% h3 p$ m. x2 ]' O" G" ]& eIn theory, the supply of a non-renewable resource is:7 N N8 Y- m. W& J. x
A) fixed over a specific period of time.
. B5 k- L4 O9 v7 m1 w+ x; d4 SB) perfectly inelastic at a price that equals the present value of the expected next-period price.- ~4 f6 G3 ?+ H7 t5 ^
C) perfectly elastic." w6 k0 `% H5 Y1 l6 ]
D) perfectly inelastic at the price where demand intersects supply.! V+ F1 ?' [# s: v$ @/ s
- `. |* ?% z' j# xQuestion 458 J. u" y3 @ g0 i) Y% T
Demand-pull inflation would least likely be caused by an increase in:( ^6 G: |7 Z2 G& j5 O* K
A) the prices of raw materials.
6 g. h+ {8 l$ V/ O/ Z' z) Q4 KB) the money supply.
: g9 d$ p3 E( X% LC) government purchases.5 O1 w# @) F5 m( d8 G
D) foreign incomes.' }9 {, \3 H, o% X9 ?
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发表于 2015-7-16 09:35:32
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