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% ^/ h$ C/ K, F" jQuestion 36
5 q" p0 V+ z6 F! |* c; D& _1 T$ L" J" bWhich of the following actions by the Federal Reserve is the most frequently used and which action would least likely be used for expansionary monetary policy?
/ L" x4 P7 M/ I5 \. eMost frequently used Least likely expansionary
% b5 O+ W/ x3 O$ I( u, d: q9 X- oA) Open market operations Increasing the reserve requirement0 M- a; g; Z( W' E5 a9 m$ z6 r
B) Open market operations Decreasing the discount rate
3 C k0 Z3 Q' A' x0 tC) Discount rate Increasing the reserve requirement
; R* u. U8 B: H7 d3 X# i$ GD) Discount rate Decreasing the discount rate
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Question 37* O+ w" U' [* f7 Z6 I
If a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?. a+ t9 w$ e& g! Q! I7 A5 F) a
A) Firms will use less than the economically efficient amount of capital.) n. s. K" c9 D" _) Q2 D
B) There will be excess demand for labor and unemployment will decrease.1 z. T9 s4 |; E* {
C) The minimum wage will have no effect on the equilibrium.
6 X" `% f3 M; V6 h, S8 l( PD) There will be excess supply of labor and unemployment will increase.
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Question 38
! O5 q. r3 Y6 J1 c, ]- G1 X4 \Which of the following statements about price takers and price searchers is most accurate?
* n# Y- Y4 B: s! k. }A) In the long run, both price takers and price searchers maximize profits at the quantity corresponding to the minimum point on the average total cost curve.4 v- ^ g& @, c( S
B) Price takers maximize profits at the point price = marginal revenue = marginal cost.
8 a) V+ o0 Q1 v: p. EC) In the long run, both price takers and price searchers will have zero economic profits.
7 G8 I4 t7 W2 ~' T( A* [D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.
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% I2 v. f5 t% H x; |Question 39
% ]2 @, p2 z/ c* W/ P3 i& V' y' W# lA generational imbalance is best described as:! O3 H" D& Y& r6 [* n9 J
A) accounting for the taxes owed by and the benefits owed to each generation.
5 A- H* g( W- e. [7 `0 a+ c! SB) the present value of future government deficits and how future generations deal with this problem.! p% ]' Y5 E+ D: d p6 K% @
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.; W: k+ z. ?, H% c6 e
D) one generation being promised more government benefits than another generation.0 z2 @) u! p" D0 I/ S0 Y) t
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Question 40
1 h$ D" e5 A* U6 ?: P8 C& v# OIf the government regulates a natural monopoly and enforces an average cost pricing, what are the effects on output quantity and price compared to an unregulated natural monopoly?$ S* V0 X, p" m1 W; m7 |* `, a
* S ~# K7 K# p/ K Output Price
0 j2 g6 s9 ` ^6 _A) Increase Decrease
, P& {# Q! n+ v5 l9 Z- X* ZB) Increase Increase
, p9 O7 n; y# y& D. zC) Decrease Increase
9 b/ g3 {* Q( w# R2 g4 q6 H9 vD) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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