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Question 41! t0 a w. |7 `
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?; \' O! Z; {1 ~* a; M$ n y" }
A) Real gross domestic product decreases and the inflation decreases.
1 S! O5 y, _' _2 p7 L3 x$ [ F, `7 `B) The price level decreases and output remains unchanged.# G$ @. g0 O, f0 L; a( S. X
C) The rate of money supply growth decreases.# k0 n- Y: ]# | {6 A& I
D) Aggregate demand decreases.
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0 B m" ?0 s8 B. xQuestion 42+ \! g4 l/ P, @
The velocity of money is the:
2 ^! w5 L% ? o/ e# E2 BA) rate at which the price index for consumer goods rises.$ V$ v9 J. }8 B5 Z
B) output expansion multiple of government expenditures.
2 w; u' U4 ^6 n: k- c5 q% FC) average number of times a dollar is used to purchase goods and services.
; S: H5 ^# a2 K {, N( g+ PD) number of times a dollar is taken out of the country during a year.
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Question 43/ \! m9 |/ }4 P$ n, w1 Z
The advantages of a proprietorship are least likely to include:6 r& N- z2 ^/ ~- C; b8 T' Y
A) ease of formation., E3 I; y( I: o2 Z
B) simple decision making process.
9 \' d0 d/ O, B& ~! ?. LC) single taxation of profits.
2 I: n0 {# ]7 W7 rD) limited liability.
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Question 44
; Y2 T F& t& B& u3 L5 bIn theory, the supply of a non-renewable resource is:% y. p4 L- E( M8 f
A) fixed over a specific period of time.
* d% Y8 X! i: {0 J2 ]B) perfectly inelastic at a price that equals the present value of the expected next-period price.. v- O% N K B( J( D
C) perfectly elastic.
0 m- M5 w6 G; K+ ED) perfectly inelastic at the price where demand intersects supply.
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& t5 h& X3 g3 E- [. Z( G; wQuestion 451 c. }7 I) Y1 n& O+ b' }
Demand-pull inflation would least likely be caused by an increase in:: v3 C! z- P7 m
A) the prices of raw materials.
8 q- y. C, m6 p; }1 E, RB) the money supply.
" Q3 k ~& W w: Q6 _1 o- @, K+ SC) government purchases.) m) b3 \. n, |6 o3 p
D) foreign incomes.* t+ F8 g; V$ d
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发表于 2015-7-16 09:35:32
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