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, r1 m3 }, v, G0 w! R6 HQuestion 36
+ y4 V: K6 L9 _3 [0 [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?3 q# G' f3 z, b. X7 E
Most frequently used Least likely expansionary
7 s5 j) B4 Y( L. n, ^& LA) Open market operations Increasing the reserve requirement
! o- I7 ~! A, |4 |$ D! p* PB) Open market operations Decreasing the discount rate
9 t/ y- \8 |: N- F$ N" o+ i e' UC) Discount rate Increasing the reserve requirement# p' {5 I; y. B$ Z! U+ Z6 K
D) Discount rate Decreasing the discount rate
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0 L! v6 Y( x: d' B- |1 m3 a9 [Question 37
) D* _ ^. `! _$ PIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
/ H7 n1 i5 u( L7 gA) Firms will use less than the economically efficient amount of capital.
k+ e6 X4 N! n% A' a4 PB) There will be excess demand for labor and unemployment will decrease.
4 I5 p. J* U+ g$ E$ kC) The minimum wage will have no effect on the equilibrium.: b2 H: e. n9 M' y0 ?7 h: G6 R
D) There will be excess supply of labor and unemployment will increase.) M! a! X$ R" |* h/ c& z
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Question 38
' ~" v G* i0 h4 N" ZWhich of the following statements about price takers and price searchers is most accurate?
3 b( R( L- f# \/ z$ f" U6 u, p' NA) 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.
3 G" \" R: i6 s+ ^B) Price takers maximize profits at the point price = marginal revenue = marginal cost.
7 |( Z9 q8 n8 vC) In the long run, both price takers and price searchers will have zero economic profits.' l1 R- Q6 @& _) v/ Y0 e% x" f
D) 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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* r* A% }& w0 g- a. U: E: MQuestion 39- B0 M: V( q0 U+ W7 i5 h
A generational imbalance is best described as:1 w0 r, x# z6 [, b0 y, h& F2 \9 ^
A) accounting for the taxes owed by and the benefits owed to each generation.0 Z- c1 Y& w' n, U
B) the present value of future government deficits and how future generations deal with this problem.
9 V; g7 G% J& ^; \ x; w0 vC) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.. w3 R8 M2 {! g* r8 A- Y6 Q
D) one generation being promised more government benefits than another generation.
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Question 40
; s1 Q2 U! a3 w- ^0 x; n; V w7 gIf 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?, ` q7 _# z3 p; F- ^8 g/ C
% M9 @" Y& h) B- i7 X6 L. m Output Price) [) `: B, O2 q1 ?
A) Increase Decrease' N P) q2 I& B" f% u
B) Increase Increase8 _- x4 s3 L* v$ L4 y
C) Decrease Increase
0 p& `1 K2 V, P9 A" V: W" h% TD) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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