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Question 41. |2 `) b' U- P
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?
3 \+ e& Q& _: P% xA) Real gross domestic product decreases and the inflation decreases.
& u5 I9 d- Z- h- ~B) The price level decreases and output remains unchanged.% j7 Q7 B/ x0 v# H# L
C) The rate of money supply growth decreases.2 d- h5 @7 R6 q7 ?
D) Aggregate demand decreases.
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Question 42
/ b8 M! q' k( @The velocity of money is the:1 G- E' M, ?: N) a7 s+ b
A) rate at which the price index for consumer goods rises.- G: p4 D9 I' F; k3 @) ?: K: o2 ]
B) output expansion multiple of government expenditures.
: Y; t0 r5 h. ^4 ]$ u) c: AC) average number of times a dollar is used to purchase goods and services.
d: O4 P8 x2 z/ C$ Y# q( WD) number of times a dollar is taken out of the country during a year.
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Question 43/ T& ]1 O: h1 o8 u7 i
The advantages of a proprietorship are least likely to include:+ Y( u2 H& R- d# g3 Z
A) ease of formation.2 b& C# O. m% \* ?' }$ U1 w* d+ Y' y
B) simple decision making process.
0 _4 ~$ }3 f1 J v$ mC) single taxation of profits.* ]7 [5 I% N7 ^
D) limited liability. : F+ B, X8 n' S8 S& ?* \
! k( n! L0 {5 e- f6 P9 A4 o7 k; yQuestion 44
: C) _% Y2 X" {% N' oIn theory, the supply of a non-renewable resource is:5 T7 \. l* o; k& T& |
A) fixed over a specific period of time.
" `' Z* ^5 B! _( q7 }4 KB) perfectly inelastic at a price that equals the present value of the expected next-period price.
$ t: h5 T9 L% a! |; P0 T9 P: v9 h& o$ {C) perfectly elastic.
1 \% T8 i9 Y0 J$ [2 n# B) }D) perfectly inelastic at the price where demand intersects supply.
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Question 45
% Y9 g% J: K8 y. d7 T& WDemand-pull inflation would least likely be caused by an increase in:! g1 u0 ^% C/ s2 W: n8 b% B: v. J V
A) the prices of raw materials.
& ~1 O& ]6 Y% h' P1 E+ wB) the money supply.' K4 Y+ L2 E1 s$ R* n8 l/ Y* G4 R
C) government purchases.
5 f$ E7 V8 {, m1 ED) foreign incomes.7 G8 F5 t. }$ z7 Z! X+ R
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发表于 2015-7-16 09:35:32
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