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Question 41" u4 z& I& s+ R# F
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?
) y( j: l0 B% k0 a+ mA) Real gross domestic product decreases and the inflation decreases.7 F' h. x" V# u/ j- e8 q# t' x
B) The price level decreases and output remains unchanged." C8 T% Q' F# Q$ n
C) The rate of money supply growth decreases.
4 b; j; o0 g! i/ O: }# k: q- \D) Aggregate demand decreases.
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Question 427 o9 e" v- E" f' t V/ P
The velocity of money is the:
/ l: c- R" |/ }. f4 ~2 A+ BA) rate at which the price index for consumer goods rises.8 o( V6 p9 x- ~5 B1 l3 H+ i W: B; B
B) output expansion multiple of government expenditures.
. d4 G2 ?& r1 E; p6 Q1 ~4 \C) average number of times a dollar is used to purchase goods and services.% k2 |8 \) j4 i) ]6 y
D) number of times a dollar is taken out of the country during a year.
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Question 43
, d7 W$ \' r$ X; d) qThe advantages of a proprietorship are least likely to include:$ Q5 c/ N& T8 ~+ M. P7 O$ F5 X
A) ease of formation.
$ b" X" @7 A" b$ fB) simple decision making process.6 V2 N# M+ M' k- A( Z/ U
C) single taxation of profits.+ g3 I' S$ a2 k: W+ B4 ~$ u
D) limited liability. , u4 Y0 N F# P, q
6 D" g9 Z1 L/ @6 LQuestion 440 K1 b/ f' N4 Z4 u; _9 c) L4 [2 w
In theory, the supply of a non-renewable resource is:' k1 ^( A( w9 C
A) fixed over a specific period of time.% Y( {- c& ~* ^7 b
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
+ L/ |# x* D" ~( ]7 `1 x2 u( kC) perfectly elastic.
/ m: |/ L- j/ E" {' h' P W( AD) perfectly inelastic at the price where demand intersects supply.) Q2 ~2 g# [& R3 x }7 m
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Question 45
" U% {! p9 Y, u; I1 H& |4 S2 tDemand-pull inflation would least likely be caused by an increase in:# i7 d; D& N# k
A) the prices of raw materials.
' V q2 C& ?( H* S" u6 T4 TB) the money supply.
) Y0 v; B$ w) l! [& ?C) government purchases.5 A" Z( j3 {' _
D) foreign incomes.' v3 v2 O1 z3 j' \5 F' ?' \5 E, v
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发表于 2015-7-16 09:35:32
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