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Question 41
$ v+ s6 Q9 v# `/ f' iAn 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?
$ p u6 [; b5 N; E- a- U2 p+ uA) Real gross domestic product decreases and the inflation decreases.4 y: ~3 T q) c
B) The price level decreases and output remains unchanged.
- a: f, @& B2 a$ L" FC) The rate of money supply growth decreases.. U+ B- g9 e# a! u$ p
D) Aggregate demand decreases.
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. _3 |' k1 @4 r0 X* |: KQuestion 420 W+ X! j4 @* l. u+ [( y
The velocity of money is the:
6 V4 P) N5 O5 b+ y \. gA) rate at which the price index for consumer goods rises.- G; i S7 A! c0 L/ e
B) output expansion multiple of government expenditures.# m6 G- _+ b, i+ K' ?. y
C) average number of times a dollar is used to purchase goods and services.8 H p+ R8 ?! j- S- g
D) number of times a dollar is taken out of the country during a year.& C8 S1 ~9 w: F$ g# D( G* y
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Question 43
9 L& s6 i, C$ p( c8 h/ K" J5 Y! u8 eThe advantages of a proprietorship are least likely to include:
0 ^' H: L T& @" ]+ iA) ease of formation.# _' Z* L6 ]8 U8 u S" v* w+ a. `
B) simple decision making process.
8 O0 l6 I" m, z- |# fC) single taxation of profits.
: U, ]% c y+ t' SD) limited liability. $ Q$ Q8 r+ V+ N( k l) G5 {
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Question 44, |6 e! M K7 g: e. v
In theory, the supply of a non-renewable resource is:3 V9 d) L! F3 a% ?& B
A) fixed over a specific period of time. s* @0 B9 J7 \# H+ d
B) perfectly inelastic at a price that equals the present value of the expected next-period price.$ P4 d. A( O9 [# I
C) perfectly elastic.- t1 n4 N& \5 ?" @5 _6 T
D) perfectly inelastic at the price where demand intersects supply.
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! ~. ~9 ~- R2 o& kQuestion 45( `1 r6 {( t0 h$ v3 m3 x1 L: Y2 c
Demand-pull inflation would least likely be caused by an increase in:9 i- B- q- }7 J/ ~* l
A) the prices of raw materials.; m/ I2 m ?- E3 y2 i
B) the money supply.
5 b( s* t, d' l: N, w, @* m5 M7 [. lC) government purchases.( K$ c: ^( @; g9 W/ N) _
D) foreign incomes./ f o! \* n3 W; C, q
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发表于 2015-7-16 09:35:32
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