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Question 416 A% I. [" Q6 _
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?
+ ?2 }& ]+ c1 {! YA) Real gross domestic product decreases and the inflation decreases.) E) s( J4 z5 K) @! T: z2 _
B) The price level decreases and output remains unchanged.8 U' p0 }. p: H" w
C) The rate of money supply growth decreases.
9 {' z3 ?0 c' a( L; g1 lD) Aggregate demand decreases. $ H) h+ d O1 i( s0 C
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Question 42
) `- T, M3 v# |' ^- j+ b0 `# X \The velocity of money is the:: T3 R5 L7 P7 h
A) rate at which the price index for consumer goods rises.
& x" ~6 i& A( f; cB) output expansion multiple of government expenditures.# u0 ^; I' n1 w* ?# ?' j+ I
C) average number of times a dollar is used to purchase goods and services.
( U) f1 O S( @" \5 H! P! l1 R! ~D) number of times a dollar is taken out of the country during a year.- f3 r! w7 f9 O$ `' m
# J5 [5 X& F4 @+ a0 t# @; mQuestion 43* s! d- e$ R- x2 L- k
The advantages of a proprietorship are least likely to include:
# V9 j, \0 |- F% e) b( |- D9 F; \A) ease of formation.2 O% R& t8 {- ~# H$ ]
B) simple decision making process.4 d+ N. h" ~+ z5 u
C) single taxation of profits.
' c- D9 k) _2 |, K W1 }* J2 o0 [D) limited liability.
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Question 44
/ \6 n1 u4 e1 t+ {6 n& d0 ^In theory, the supply of a non-renewable resource is:' r1 |! x8 J! c3 Z2 s( w
A) fixed over a specific period of time.
& T2 `8 H( D$ r X$ hB) perfectly inelastic at a price that equals the present value of the expected next-period price.7 C5 Z a- |+ m& q/ ]) C
C) perfectly elastic.
6 D/ i# C6 x- {; B/ F4 v7 s- N1 i) Z; P6 fD) perfectly inelastic at the price where demand intersects supply.
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Question 45
' R$ \. ^& D" Y. h# }Demand-pull inflation would least likely be caused by an increase in:
0 z2 H$ K, u/ n3 ?$ T, _2 AA) the prices of raw materials.: i( ^8 y4 e. i: {
B) the money supply.2 A3 u/ Y4 _ v" z% t
C) government purchases.( Z+ z' Y h+ S& Z5 k4 S, N1 t
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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