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Question 411 _! L6 J; H# y; o: W7 W
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?
* f4 i% N- {( J% x2 w- zA) Real gross domestic product decreases and the inflation decreases.
0 a& v8 w3 Y: ]B) The price level decreases and output remains unchanged.
! P8 {; Y: G4 d$ s& r& a7 }5 oC) The rate of money supply growth decreases.
4 V% Q, L2 H( L# C5 A$ _, ND) Aggregate demand decreases. & S; u, s8 y+ `! ? J
3 Q/ P$ b9 O5 N+ V
Question 42) c a; `% ~$ [3 P" s
The velocity of money is the:
% T, X+ ]+ p% Q! RA) rate at which the price index for consumer goods rises./ u3 h; l @& r7 E& h
B) output expansion multiple of government expenditures.
- i1 ~8 J2 T5 z% Y# y2 DC) average number of times a dollar is used to purchase goods and services." n3 G* p& Q0 @
D) number of times a dollar is taken out of the country during a year.: g9 {& P9 r2 ~4 c
t" ?/ S& Z* F; J, JQuestion 43
) }6 U" o. u. D. Q9 ~The advantages of a proprietorship are least likely to include:
+ e' o! \; t- `, |$ [ X0 iA) ease of formation.4 G: e: s3 E& a5 v7 F, U
B) simple decision making process.% ?5 p! V& p( J/ n9 ~0 `
C) single taxation of profits./ k% [% ~/ W! E/ b
D) limited liability. 4 E& t" [6 H- ^% R. x, r8 p
* T" h ~* @- B( iQuestion 443 a' o& U- o; {) U) R5 O# r+ E) s
In theory, the supply of a non-renewable resource is:
) t8 Y) }& \' i) W( mA) fixed over a specific period of time.- |2 C4 k$ h) l
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
2 J/ C" s. I" d. D) I: j: V' y7 F* oC) perfectly elastic.. `7 r, t W$ ~* P2 a
D) perfectly inelastic at the price where demand intersects supply.
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8 G/ U3 ~8 X M8 k6 dQuestion 45) }- K# }1 j2 p# h
Demand-pull inflation would least likely be caused by an increase in:6 S- w, N1 ?" q! o
A) the prices of raw materials.' u: J9 v5 `& P
B) the money supply." f2 c5 w3 k! m$ A, S
C) government purchases.% {- f* k: f/ H' }0 R5 D: t/ q. C% f
D) foreign incomes.+ l- q7 b( V. W) T( T8 G3 N
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发表于 2015-7-16 09:35:32
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