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Question 41
% t1 r' x/ G+ c9 N5 w. nAn 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: o8 J# H* c
A) Real gross domestic product decreases and the inflation decreases.
7 w& I% h2 [4 ?" f7 T0 wB) The price level decreases and output remains unchanged.( |2 l3 o- K$ J4 m8 n( `5 m
C) The rate of money supply growth decreases.
; r" V5 h C; h4 C7 E6 WD) Aggregate demand decreases.
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Question 42
/ y3 f8 U* S) \6 V! d- h4 JThe velocity of money is the:) C/ x' W% M# u7 u7 D
A) rate at which the price index for consumer goods rises.
( d( i$ z! c$ j5 C+ AB) output expansion multiple of government expenditures.: b* ~* }1 d0 R
C) average number of times a dollar is used to purchase goods and services.. O# u. k9 D1 ~" }9 L! Q8 M
D) number of times a dollar is taken out of the country during a year.
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Question 431 w$ p& ~4 s' K* ^2 m
The advantages of a proprietorship are least likely to include:
7 g# M z$ q! B# J2 X: L" H! T" oA) ease of formation.; v4 n. _& | h; [7 t. ?
B) simple decision making process.
1 _) L( }* Q' W0 FC) single taxation of profits./ s% C! m' A" ]* z" l
D) limited liability. 7 O' ~3 n- W( E5 J4 B1 Z7 _
) }" O; H- z+ EQuestion 44
3 ]) u* B9 d+ X3 V9 m7 S |% U* ]( i# vIn theory, the supply of a non-renewable resource is:
, u: w5 ~+ |# v% xA) fixed over a specific period of time.+ `: a- Z9 `5 O3 q' z* m7 N. Z
B) perfectly inelastic at a price that equals the present value of the expected next-period price.& P, {. {6 R5 Q0 U6 M) i
C) perfectly elastic.2 Q& O5 }0 S5 a0 Z' t6 R
D) perfectly inelastic at the price where demand intersects supply.
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* F$ w9 ~% w% FQuestion 45 ?1 m$ | I; P3 V) a
Demand-pull inflation would least likely be caused by an increase in:3 s: `( t( U; V: l# t7 W1 Y2 W3 @! a
A) the prices of raw materials.2 L. L0 W/ U v8 T
B) the money supply.
6 K( u) V# D! Z2 KC) government purchases.; ?; v5 N, c: ? ]0 {# }
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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