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4 i7 n' `, @$ ]3 gQuestion 36
5 \7 R/ | X4 C5 [" O3 b. EWhich 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?
* z+ K" m0 j" I RMost frequently used Least likely expansionary/ M) `& w0 o$ a& e; Z3 G) |
A) Open market operations Increasing the reserve requirement
, X3 d3 n8 X# z; ?6 XB) Open market operations Decreasing the discount rate
* f2 A; ^4 e# x+ P K7 }" uC) Discount rate Increasing the reserve requirement
9 U9 \/ R1 B, k$ O' E( j/ RD) Discount rate Decreasing the discount rate
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( T t& M$ W' U" `; [6 ]4 f8 p9 bQuestion 37
. i0 F1 b: m0 W: |If a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
; I N4 f5 [, U/ M$ V+ xA) Firms will use less than the economically efficient amount of capital.. ?, C3 [) \$ I$ ^1 K* \
B) There will be excess demand for labor and unemployment will decrease.
: I# w) Z! Q6 x' n% c" s# `0 SC) The minimum wage will have no effect on the equilibrium.
/ Y5 I! |0 `6 r% J9 b" D+ ?D) There will be excess supply of labor and unemployment will increase.
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Question 38
+ k% N# R6 [+ U, ~) E. XWhich of the following statements about price takers and price searchers is most accurate?
% s' Z' N6 s, DA) 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.7 q3 X% I2 t: I! ]9 n
B) Price takers maximize profits at the point price = marginal revenue = marginal cost.+ o6 X' r1 t" M3 r% |3 x; O: ~
C) In the long run, both price takers and price searchers will have zero economic profits.
! v4 z6 \! \( [# ND) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.. D. o& r! c5 R& J1 `5 ]/ Z' O
7 G! J- G3 Y* D. V9 I6 wQuestion 39: {% ~* g5 j5 A! t
A generational imbalance is best described as:8 t% f7 U7 |5 E4 c$ Y
A) accounting for the taxes owed by and the benefits owed to each generation.4 G$ r4 w, [+ n, `& f5 ~" x
B) the present value of future government deficits and how future generations deal with this problem.: L, N' D7 e6 v. m3 n7 ]
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.; \' s% Q" C; }2 O4 Y" \
D) one generation being promised more government benefits than another generation.1 O# _6 I; q/ U, U, |# d& B9 C$ I
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Question 408 r9 r& z! y% O! s0 c0 g
If 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?
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: a: u* a( k+ Q8 A( Y Output Price, Y4 {5 f& n! K
A) Increase Decrease
$ t" H2 }5 \+ j* ZB) Increase Increase; H( l. P, A& a1 t+ Z" U" G
C) Decrease Increase( ~; ?. e/ S0 O$ q9 m# B U
D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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