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; m( c% I6 p& {Question 36
f: o* u7 P6 u2 h# WWhich 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?
( e% D7 y( T1 S" ~7 pMost frequently used Least likely expansionary; k0 `4 n2 K% C
A) Open market operations Increasing the reserve requirement
& e4 Q( F" f& K( Z6 ~6 _B) Open market operations Decreasing the discount rate+ o- j% U! L3 g' U- H8 w0 H0 j
C) Discount rate Increasing the reserve requirement; {! }$ x G }+ O& g
D) Discount rate Decreasing the discount rate1 x( Q: _/ K X9 X6 ?
4 G0 t+ w! n \* H r+ i% U2 CQuestion 37
+ @' b5 {8 i O8 x _1 [9 v' P+ BIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
; r# P# D6 V( ]: b7 Z1 r6 TA) Firms will use less than the economically efficient amount of capital.
7 ?" P' Q! d! X* h+ P& i2 Z5 b' E2 kB) There will be excess demand for labor and unemployment will decrease.
, x- A `* e; I. s; GC) The minimum wage will have no effect on the equilibrium.
8 C* r$ u* B( k" lD) There will be excess supply of labor and unemployment will increase.' m5 C/ e! g" o3 I2 ]# }
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Question 38 w& y7 ]' s2 C9 S& k9 L1 R
Which of the following statements about price takers and price searchers is most accurate?% a7 ^+ B& g7 j+ C( C9 F* _- X( T
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 i' E* b8 l% ~ I- D# g( X) e" `
B) Price takers maximize profits at the point price = marginal revenue = marginal cost.
" M) L0 J' w* T1 R1 P1 p1 IC) In the long run, both price takers and price searchers will have zero economic profits.* c3 c* \3 Z; a1 ?( i+ G6 ^; J- ~/ L
D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.( X P- O5 B1 x
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Question 39
, m* _4 Q5 F9 H. b3 xA generational imbalance is best described as:
6 V9 G: ~9 p+ z2 B6 RA) accounting for the taxes owed by and the benefits owed to each generation.
6 K+ E e7 }- t+ C) FB) the present value of future government deficits and how future generations deal with this problem.; i/ u' ]& g) [& d/ C( L7 U
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.: N3 x% v' W! X; m5 _. {$ |
D) one generation being promised more government benefits than another generation.
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7 Q$ w- L F4 {* V9 jQuestion 40
! R7 K( e3 c( d! A! l# s# SIf 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?
$ ~# a# i1 u5 S' C 8 r1 y9 }& y) f* x. b! a
Output Price8 l, R$ n R0 _ x/ d2 V
A) Increase Decrease. C) Q2 H) C0 _# m
B) Increase Increase2 I) |6 W* E- g
C) Decrease Increase
0 m; e3 }/ n8 f& DD) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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