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Question 41
J5 p( G4 N8 w; Q6 i 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?# H: t K1 [9 T/ w
A) Real gross domestic product decreases and the inflation decreases.- t3 P2 M9 q* m& @3 b; w' E8 W
B) The price level decreases and output remains unchanged.
. N0 {4 ?5 h. R8 iC) The rate of money supply growth decreases.
9 `/ S( M7 U+ [7 V6 nD) Aggregate demand decreases.
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Question 42
0 e3 R5 h1 Q0 e; U8 yThe velocity of money is the:
; _2 {* e$ J9 j7 j' L) R) FA) rate at which the price index for consumer goods rises.
0 u% \1 E* Q4 T; QB) output expansion multiple of government expenditures.
' S7 G, l/ M: _1 N+ Y0 }; SC) average number of times a dollar is used to purchase goods and services. x1 H, ~9 A$ ]
D) number of times a dollar is taken out of the country during a year.
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7 X6 f/ W9 o9 W0 S" y- o6 Z7 cQuestion 43( ^3 }- e/ F$ B
The advantages of a proprietorship are least likely to include:
1 I9 d: G2 u' W3 \A) ease of formation." L$ E2 E' w; K( |
B) simple decision making process. K& w6 s7 r9 G" r0 b" f4 ~
C) single taxation of profits.* B" l" K& X, y
D) limited liability. - p6 ~9 ]' i5 X$ D
& S! W/ I7 d J" `Question 44
* n5 R( \( l& QIn theory, the supply of a non-renewable resource is:
" s- B" x- ~6 r. C% T8 dA) fixed over a specific period of time.
T) D5 a9 M/ Y, ]& C, |B) perfectly inelastic at a price that equals the present value of the expected next-period price./ j* M2 M+ M6 `2 q8 i6 g
C) perfectly elastic.
! Q! N4 U. m3 B/ E% K1 j6 T- o! E' JD) perfectly inelastic at the price where demand intersects supply., R' L' S0 }/ H% q/ z* h: R# q
4 B, q9 j; n. F8 c" X oQuestion 45
0 I% f& e1 |) _$ O+ IDemand-pull inflation would least likely be caused by an increase in:
C* `; v2 H' O" O! y+ OA) the prices of raw materials.7 s6 u! j% e0 s) f
B) the money supply.
, Y* u: b. t" jC) government purchases. Q- J9 @" l, n
D) foreign incomes.5 y; {: ~# T. A2 G, W. P4 X6 G& b
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发表于 2015-7-16 09:35:32
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