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Question 41, L1 h. i. |9 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?' n( \ Z# J4 ^9 O5 Z3 ?
A) Real gross domestic product decreases and the inflation decreases.
8 P. {3 A9 J. F$ o( \0 r8 TB) The price level decreases and output remains unchanged.7 J* S0 \) H8 ^: a6 x# G
C) The rate of money supply growth decreases.5 s o+ Y. O: B! d3 F0 I
D) Aggregate demand decreases.
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& w2 V" d2 G( u4 w" L9 r* \' A7 {4 [Question 42
# G/ E3 M+ C6 g3 S2 Z) EThe velocity of money is the:) y: Z5 I+ V0 f7 ]
A) rate at which the price index for consumer goods rises.
4 i2 ]& H7 H9 `" Z7 o. gB) output expansion multiple of government expenditures.
3 ^6 }0 u1 Q1 `7 d' s, j* C4 \C) average number of times a dollar is used to purchase goods and services.
, F: D# m, N$ e( \5 u1 vD) number of times a dollar is taken out of the country during a year.
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3 K: n8 F9 o6 y6 U0 h7 kQuestion 43
1 G/ _! q; T- Z# b" ^The advantages of a proprietorship are least likely to include:% T% D9 |( b' u: c8 C
A) ease of formation.
7 d' C8 o8 n; l5 G- {B) simple decision making process.
3 f9 g* K5 h( {. h4 @C) single taxation of profits. [, B9 ?1 d, [* l( m8 K% h& S: O$ \
D) limited liability.
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Question 44
, r& K$ r6 V' \$ \* U2 g+ KIn theory, the supply of a non-renewable resource is:
4 R& S1 k0 R9 _A) fixed over a specific period of time.+ Z5 ^4 R: n8 t7 J3 y0 g% ^" l
B) perfectly inelastic at a price that equals the present value of the expected next-period price.: {1 N" T# ^/ H
C) perfectly elastic.% m, ?: | X3 W% T0 Y. h" u
D) perfectly inelastic at the price where demand intersects supply.
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O% M' _# |/ L) A& y( SQuestion 45: o8 h7 y9 l% F" q: _
Demand-pull inflation would least likely be caused by an increase in: x! w9 T! C( e. c
A) the prices of raw materials.
; @: c ^/ q# N4 ?- v' @3 BB) the money supply., Q0 S" H$ F' d
C) government purchases.$ g( I( M, g) ?0 t! V2 ?5 g
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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