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Question 41
, o0 Y5 N7 p7 N' SAn 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?6 C- M# ]# Z2 N7 z; L
A) Real gross domestic product decreases and the inflation decreases.) H+ r" x- D$ J; z
B) The price level decreases and output remains unchanged.
5 B; ?. L8 c+ [C) The rate of money supply growth decreases.# f* A* @/ j( ^
D) Aggregate demand decreases. 1 g5 y: j' ~5 m8 f+ R; \& O
' I' h" A( n+ r: n) C* fQuestion 426 \+ p+ R+ X5 ] l
The velocity of money is the:: x" G9 k, W) [3 {
A) rate at which the price index for consumer goods rises.
U7 {. i; N$ ]; U/ SB) output expansion multiple of government expenditures.
) k6 O' Z; P5 k9 w$ bC) average number of times a dollar is used to purchase goods and services.+ x* i r2 w6 o6 x
D) number of times a dollar is taken out of the country during a year.
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Question 43
2 H* q; {1 X% V; I$ a" ?The advantages of a proprietorship are least likely to include:4 J# W5 t1 k" L- Q' g* I
A) ease of formation.( G4 i. u* w: u2 g/ N5 l3 | r
B) simple decision making process.
) j7 q/ J y' }" mC) single taxation of profits.! u, t! W& H) a! g# c+ o
D) limited liability.
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4 u, D( \3 W+ \% M, u" M* g/ EQuestion 44- }2 y! Z7 z, J6 C9 M% g
In theory, the supply of a non-renewable resource is:' _+ `; K. K. e6 R
A) fixed over a specific period of time.3 t+ p. \: a* L. l
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
2 w* a* W, g" j' V4 D& ?" v8 AC) perfectly elastic.
& ?" ?8 h$ u& o. iD) perfectly inelastic at the price where demand intersects supply.
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6 T! ?- h6 d% E) G; Y9 e+ fQuestion 45
3 i) }) S8 h1 y3 Q1 ^Demand-pull inflation would least likely be caused by an increase in:, D8 {2 w$ X+ Z' H
A) the prices of raw materials.
. f( P# L( Y8 k% S6 i3 f4 hB) the money supply.
7 Z* F- q2 }: X( S. [C) government purchases.
% e7 Z9 j: U" V$ @6 g& s" u3 W9 q* Y8 B' ^D) foreign incomes.
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发表于 2015-7-16 09:35:32
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