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Question 41
7 r7 R. i$ h, YAn 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?
# _1 E/ B! I' a1 s2 M1 L1 kA) Real gross domestic product decreases and the inflation decreases. L6 c- t" L! ~ d) K+ g2 L: Z+ A
B) The price level decreases and output remains unchanged.
: g V$ g* {+ r+ yC) The rate of money supply growth decreases., X2 p) R. Z2 n- x; b9 y; `
D) Aggregate demand decreases.
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! y) G* B; h) r" b3 {Question 42
! V* [! l7 B4 B( eThe velocity of money is the:
( j- |4 J2 v" |A) rate at which the price index for consumer goods rises.. t% H. y" t0 t: j4 L
B) output expansion multiple of government expenditures.- w9 V7 \( I% m0 `& `/ E
C) average number of times a dollar is used to purchase goods and services.
; M% @7 ?+ C, L4 e5 }# aD) number of times a dollar is taken out of the country during a year.
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8 W9 O2 _! `0 q8 {Question 43
' D0 Y' a0 A" t* y4 LThe advantages of a proprietorship are least likely to include:
( F% L1 E# `1 ~! JA) ease of formation.
$ E$ p- _8 U9 {: w1 R+ TB) simple decision making process.; F# g4 f. a6 l; n O. ^ X
C) single taxation of profits.% K/ {% Z# _! i, W" l0 N3 l
D) limited liability. 1 J) ^1 ^- }5 w) @7 h
6 W1 C6 ]9 t7 _/ CQuestion 44 n. P. D: S8 O: O4 z4 B* ~* o
In theory, the supply of a non-renewable resource is:
w2 w* ^" a7 ~' O# |A) fixed over a specific period of time.) g3 o0 J: A) {4 K4 }, A
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
+ y: s+ i8 r- q, N# u0 J8 \C) perfectly elastic.
4 e: ?; z' O$ t" y* T: J3 `D) perfectly inelastic at the price where demand intersects supply.2 |5 m v( X. \& \3 a+ e- Q1 v
( u: b5 v5 K, X2 ]$ f% o7 ~$ DQuestion 45
7 d+ }, e/ F0 ~& PDemand-pull inflation would least likely be caused by an increase in:
/ [) k1 p; |% b/ FA) the prices of raw materials.
" k" j! W- D0 w9 c3 ^. CB) the money supply./ B6 E/ N/ E) `* a) H; \
C) government purchases.! n! z5 Y% d' p# k$ f- S1 N+ T' ?% g% n% t
D) foreign incomes./ |# S0 @0 }1 ~- S; T! F1 }2 l
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发表于 2015-7-16 09:35:32
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