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Question 41
7 C. M. R" S, N& R4 ]: w% F; HAn 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?- h7 A: d2 n {( q, ^$ @
A) Real gross domestic product decreases and the inflation decreases.7 ^3 m3 R% @4 w8 f) t4 A5 N
B) The price level decreases and output remains unchanged.( _. g4 [1 c3 b) S; P- i
C) The rate of money supply growth decreases.+ r& Q- w+ e4 R# e# C
D) Aggregate demand decreases.
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' w7 l# J' K- [) ?2 K, b8 rQuestion 42
' D( |1 U& O: KThe velocity of money is the:% |( G( A+ c2 ^. G. e0 J. x0 [
A) rate at which the price index for consumer goods rises.
2 a2 }' q; Y7 c" O. ?2 MB) output expansion multiple of government expenditures.4 j" y( S: {% B, ^- X7 j
C) average number of times a dollar is used to purchase goods and services.
$ s# l; B2 I2 Y* }8 jD) number of times a dollar is taken out of the country during a year.
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) ^$ W% Q3 `0 OQuestion 43; `/ y9 J, o" n6 z1 t
The advantages of a proprietorship are least likely to include:
?5 i K2 @% z4 U3 aA) ease of formation.' K0 c6 V2 x: h& V4 u6 @( F
B) simple decision making process.8 n2 y% Y) f T4 u
C) single taxation of profits.
3 w/ }+ A9 ^4 P$ `& d# y* [D) limited liability.
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Question 44) ~4 h) f7 V7 H- i; x
In theory, the supply of a non-renewable resource is:8 D5 L# y1 ?9 ?" r
A) fixed over a specific period of time.
2 m+ a; P. [# t$ ~4 P2 W8 R- ?B) perfectly inelastic at a price that equals the present value of the expected next-period price.0 s4 Y2 w9 L% ~3 Z+ N+ ~3 J% z. i, {% v
C) perfectly elastic.
! V) t6 J& W5 g5 l) JD) perfectly inelastic at the price where demand intersects supply.
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8 `" ~- z" ^# w( MQuestion 45% S" A8 [! e9 r7 r3 ]
Demand-pull inflation would least likely be caused by an increase in:0 e4 J$ y4 B: Q# m# Z& J
A) the prices of raw materials.
* A1 t I W* ~7 a9 x- m. Y, n) ~( \B) the money supply.
1 P3 J# m; Q9 \0 }( G$ |; _; fC) government purchases." P( w6 [' s# d4 b* T* ]4 K, f8 q! y
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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