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9 M( v/ D; s! }Question 36
x% D- O/ ?$ u( aWhich 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? g/ n3 _2 g7 N! F/ B& R
Most frequently used Least likely expansionary
& B) o: q, a9 ~: dA) Open market operations Increasing the reserve requirement
. U7 z: }4 D, Y# J; nB) Open market operations Decreasing the discount rate
% Y* O/ ~$ K0 z* @8 IC) Discount rate Increasing the reserve requirement) c4 J: W1 m- Z, p' a; D* _% a
D) Discount rate Decreasing the discount rate
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. ^6 d5 e D! u! AQuestion 37
! S$ \7 m: P! {; h9 Q4 L- nIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?; @. Q5 u% h' R* x% d7 d
A) Firms will use less than the economically efficient amount of capital.7 a* Z6 E) p4 p7 a9 q' C8 J
B) There will be excess demand for labor and unemployment will decrease.
% f0 n- \; l9 X0 j& c& e* e& jC) The minimum wage will have no effect on the equilibrium., u5 U: i* n9 o( R& l
D) There will be excess supply of labor and unemployment will increase.
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Question 38; A- e7 k( j% u
Which of the following statements about price takers and price searchers is most accurate?
/ U/ N: |. H" mA) 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.
: A% c: n6 W: G+ WB) Price takers maximize profits at the point price = marginal revenue = marginal cost.
7 I+ N. {* Q: b# H* {C) In the long run, both price takers and price searchers will have zero economic profits.
6 F! M U- U* Z+ X" p8 y8 tD) 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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Question 39
, b h, c) p* A$ M2 k" \' }' ?A generational imbalance is best described as:4 i5 F/ x& U/ {& O/ N" K
A) accounting for the taxes owed by and the benefits owed to each generation.
4 [' B$ ^; L$ X2 [/ s+ C8 a! XB) the present value of future government deficits and how future generations deal with this problem.- X* B) h, z) x$ a
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
" Q# R- h/ n, |! _# G! x YD) one generation being promised more government benefits than another generation.# v+ B9 r4 { F$ |# x4 }, t0 X
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Question 40- K [0 ]2 f5 ]! o7 }1 j( _
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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Output Price
$ x `/ J2 K& LA) Increase Decrease* c+ H7 I P) [( I+ Q1 }
B) Increase Increase
5 h1 P8 r8 t1 r' q, A6 e& _C) Decrease Increase2 p# e m( q- A0 ?& _
D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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