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Question 36& p: ?$ L* O) B" B
Which 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?5 @" e, }6 {8 s0 ?: p9 W5 Z
Most frequently used Least likely expansionary
) w/ b L4 W. G$ JA) Open market operations Increasing the reserve requirement
( V; \" B" D/ x7 H1 } }6 EB) Open market operations Decreasing the discount rate% ^9 d" w! Y8 Q
C) Discount rate Increasing the reserve requirement
7 ~& V( {6 J5 A z5 b* XD) Discount rate Decreasing the discount rate% n" s& f& i) E% }' c
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Question 370 M: x8 y+ x8 \3 Q
If a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
7 c- j% m0 E% N/ q0 b. i- mA) Firms will use less than the economically efficient amount of capital.! G# ^. T& [! \4 [
B) There will be excess demand for labor and unemployment will decrease.4 X# e0 `5 ~+ \, W6 R# @
C) The minimum wage will have no effect on the equilibrium.
6 u) a! s, b5 b! wD) There will be excess supply of labor and unemployment will increase.
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. y% Q% F2 C3 A0 {, S# L+ RQuestion 38: O1 f4 v$ t8 ?3 b G k. o
Which of the following statements about price takers and price searchers is most accurate?7 f6 B1 C& w8 K) R8 |
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.
+ E& t3 Q" G: M/ S) R1 U2 \8 cB) Price takers maximize profits at the point price = marginal revenue = marginal cost.# K. q! E* u2 S# R! B
C) In the long run, both price takers and price searchers will have zero economic profits.1 W4 }/ c- O' S+ o/ T5 x' E j0 C
D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost.2 u6 ?# l: t5 O3 ^2 s. E
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Question 39
; z% k( T# n% V! E7 ^A generational imbalance is best described as:
" w, O8 j. w- n% M) U- xA) accounting for the taxes owed by and the benefits owed to each generation.
* p; [9 @; H& o$ D3 b5 oB) the present value of future government deficits and how future generations deal with this problem.4 T$ x( |& m: t: |2 }0 Z! y
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
) v* ^' w' p! _( i9 y; oD) one generation being promised more government benefits than another generation.' D- ]1 ]( a5 v8 w+ ?
/ m" Y" q1 a4 ~! | \* C" JQuestion 40: r( \% B( f& I2 d
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?" Y+ }3 D0 n4 _5 k; s! j5 h
5 Z& A: s0 p' d Output Price/ b+ k8 N& v1 q( g$ E$ _
A) Increase Decrease
% Q, a& d4 X! g* @7 cB) Increase Increase
2 V3 A9 R* r" yC) Decrease Increase
) a) L! Q" E. b- N: UD) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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