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9 ]6 ~3 S/ s( F* Z9 A7 T. S; eQuestion 36( `7 C8 U' H' F; e' j7 o5 S4 V
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 ~* [5 Y( f' A4 m* f" S% s
Most frequently used Least likely expansionary. N$ e, F. T7 c5 H& Y S
A) Open market operations Increasing the reserve requirement
) ]* t8 m, f$ M1 vB) Open market operations Decreasing the discount rate
* @: u) p( k: D; v7 X3 @4 J5 k& dC) Discount rate Increasing the reserve requirement4 s a+ M7 e0 D9 R& q0 w
D) Discount rate Decreasing the discount rate" |9 m4 ~6 y1 {- e+ w$ X
9 ]) n9 s- k' j" ^' w0 K1 l4 bQuestion 37
3 R/ s/ o' ]" ^9 wIf a minimum wage is set above the equilibrium wage in the labor market, what is the most likely effect on labor supply?
8 i$ I$ d! r/ T6 Q6 vA) Firms will use less than the economically efficient amount of capital.: q% D; v# F4 M
B) There will be excess demand for labor and unemployment will decrease.
% v3 m$ m; e1 ?; j; p* WC) The minimum wage will have no effect on the equilibrium.' A5 [4 K8 h' p |
D) There will be excess supply of labor and unemployment will increase.: G4 p( H! c* e3 n! A
9 B0 ]) g6 Q4 k) q" BQuestion 38, w4 w$ c5 \( I& m- K, @
Which of the following statements about price takers and price searchers is most accurate?
3 ]) k- W2 r. u6 S& H% BA) 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.
/ M" d8 \, p Y& sB) Price takers maximize profits at the point price = marginal revenue = marginal cost.! O) L5 S( V; |/ H1 ^% }. V0 L5 n
C) In the long run, both price takers and price searchers will have zero economic profits.
" F; K0 L4 W- JD) 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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6 U+ w. T4 Y3 M5 L4 s* q, z4 `' N3 X TQuestion 395 c# t8 G$ `; p: c% A* s m
A generational imbalance is best described as:
" F4 m/ U! ^: u8 I t( M# B* a' _A) accounting for the taxes owed by and the benefits owed to each generation." Q( |9 ~( Q C2 o! q
B) the present value of future government deficits and how future generations deal with this problem. |' c4 R5 m, o. O( Z
C) a difference between the present value of government benefits promised to current taxpayers and the taxes paid by current taxpayers.
. P( ~2 p7 t# S8 u9 eD) one generation being promised more government benefits than another generation.5 }* B! s' p8 J9 O
' h C$ {5 F4 f' i0 N, ^" IQuestion 40( n7 e) i) t- Q: T. l" ]
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?8 `5 Q/ {* d: @' p
8 l) r1 _1 c0 x4 ~ K' h, T0 m' W Output Price5 `# U1 ~8 D: h; B
A) Increase Decrease# k) e6 a5 u+ i7 d: V! c8 d
B) Increase Increase# r2 a* C) V$ q+ X+ z
C) Decrease Increase
. l' g3 [6 ?& E( q0 KD) Decrease Decrease |
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发表于 2015-7-15 09:08:22
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