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9 Z; A J3 h6 V F' H( V+ iQuestion 36
) A9 C/ ~" P) r$ o1 E$ V$ T0 KWhich 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?
* r& g' o% P0 Q/ Q/ VMost frequently used Least likely expansionary7 y/ q" v8 _+ N' P
A) Open market operations Increasing the reserve requirement: U/ |+ @! b5 X, b8 ^9 j0 o
B) Open market operations Decreasing the discount rate2 o/ u4 r0 [, H% `" l7 h
C) Discount rate Increasing the reserve requirement5 e! Z6 N+ L5 J0 S4 N, n
D) Discount rate Decreasing the discount rate
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9 y$ v8 | ~: A* X7 ZQuestion 37
7 p, b Z( ]+ R1 lIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
* ?) k p! R8 d9 hA) Firms will use less than the economically efficient amount of capital.. q b( F4 e! z/ q- S+ q6 ]: R5 D
B) There will be excess demand for labor and unemployment will decrease.8 w8 U3 h# n- q- B0 e
C) The minimum wage will have no effect on the equilibrium.
& X! a8 }' c3 p% p5 C( |D) There will be excess supply of labor and unemployment will increase.
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. H7 x: @* w# e' SQuestion 38/ @1 ~, R8 I8 f" H
Which of the following statements about price takers and price searchers is most accurate?6 L7 D, \8 g6 ]) a
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.2 o, V, L$ L; a/ {# Q
B) Price takers maximize profits at the point price = marginal revenue = marginal cost.- Y, `3 f& y- U) u5 e+ h
C) In the long run, both price takers and price searchers will have zero economic profits.& ]' w) |0 n- g% C! z4 j
D) The potential allocative inefficiency of a price searcher engaged in monopolistic competition includes the social cost of producing where price = marginal cost. `( A# @1 d# J0 i# w
& B# M- D- o @; ?5 RQuestion 39
6 f# B5 e0 A" M! X& U' l- h. p% cA generational imbalance is best described as:+ j2 `0 W7 Y: h+ q/ {* v
A) accounting for the taxes owed by and the benefits owed to each generation.
' U4 A# N- x& k3 `0 }" oB) the present value of future government deficits and how future generations deal with this problem.1 l& W4 ]7 L. o {
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
7 F# `+ t3 g% N, ~D) one generation being promised more government benefits than another generation.
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Question 40
1 [0 ?) @8 c0 y6 c8 e0 @: y( OIf 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?2 l( v) a# M% a; t( n1 j+ x
H: |; L3 S8 q0 a" ]
Output Price
" ~7 L3 x8 a% c% d UA) Increase Decrease
: l& e+ n4 q5 B( m: B6 oB) Increase Increase
+ @" [$ d5 M R% ?0 [C) Decrease Increase
3 P5 l0 r: B0 t# s! x) H" M& @D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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