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' S1 f! n2 T2 Z7 \+ K- {- d% dQuestion 36
7 H( M v( p: N1 T4 }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?
' l( L; S3 V( R" jMost frequently used Least likely expansionary4 k4 `$ I2 C) \7 S
A) Open market operations Increasing the reserve requirement" J# X+ L' u) _/ k4 m; g4 d7 y3 h
B) Open market operations Decreasing the discount rate3 \) Y6 |9 c$ y
C) Discount rate Increasing the reserve requirement
" y: F% R1 N% aD) Discount rate Decreasing the discount rate
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# G; E8 Y5 f6 [- _$ l( \8 qQuestion 37
& T# J: c4 y! Y2 FIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?' j: O, P! q- z! G% z
A) Firms will use less than the economically efficient amount of capital. S3 j# n6 F" N, I/ e+ g! q
B) There will be excess demand for labor and unemployment will decrease.' D; }, E! G/ f4 F3 c8 q
C) The minimum wage will have no effect on the equilibrium.
% ^: R% U; A4 c' ED) There will be excess supply of labor and unemployment will increase.
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Question 38
! [' r0 e, U) B" i4 QWhich of the following statements about price takers and price searchers is most accurate?* h% }9 S8 ~( u+ j ?- w J
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! `4 F7 P0 k1 JB) Price takers maximize profits at the point price = marginal revenue = marginal cost.# s; G L1 b# a/ v
C) In the long run, both price takers and price searchers will have zero economic profits.
; t4 L& ]2 g. ?+ U* h" wD) 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: v& `, o; X- z( P* [- R+ V
A generational imbalance is best described as:
0 c% ~2 O0 ^ uA) accounting for the taxes owed by and the benefits owed to each generation.
* s* @" O# `- F. O+ B( @5 lB) the present value of future government deficits and how future generations deal with this problem.
0 k" i% m# F2 IC) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.: S0 _+ o% Y, G7 G; \: ^6 k1 w
D) one generation being promised more government benefits than another generation., W) _; }+ k- I" l1 H, t) O. p7 S
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Question 40) M: o; j4 r: I! r% m# \5 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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6 q% a4 U0 e1 M7 v Output Price
, t" B$ D$ e% U) m! X0 rA) Increase Decrease' O4 T7 \3 x/ N2 K! F/ M: P
B) Increase Increase2 V! c4 ]0 d8 T& T! [1 e' S
C) Decrease Increase4 U9 N5 N5 f5 m4 M" _
D) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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