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Question 41 y# d1 ^3 F$ j+ C3 t! u6 y
An economy in long-run equilibrium experiences a cost-push inflation shock. If a feedback rule monetary policy that focuses on the price level is in place, which of the following effects of the monetary policy change is least likely?
5 e1 \& R$ {0 _* q# h0 n V8 lA) Real gross domestic product decreases and the inflation decreases.
1 }9 J1 Y5 b* ~) j5 Z2 N# xB) The price level decreases and output remains unchanged.1 H8 Q+ v1 R0 Q
C) The rate of money supply growth decreases.
8 f x5 @- V. u2 y4 ]$ \7 vD) Aggregate demand decreases. 3 k0 A n3 {% N, T# Y, ^, y% P1 r
" j, c; ]; j8 z$ ~1 z3 X4 X- SQuestion 42( t3 R" z# m3 [
The velocity of money is the:4 W, M+ `4 o2 Z; h* {# @
A) rate at which the price index for consumer goods rises.
5 H# e" W6 b6 [$ YB) output expansion multiple of government expenditures.
! g; A/ q4 _. Y1 ~: p9 K2 X% OC) average number of times a dollar is used to purchase goods and services.
3 A/ _" |: P) J+ b" \D) number of times a dollar is taken out of the country during a year.
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Question 43
$ F; _/ g2 \" e+ m7 {: kThe advantages of a proprietorship are least likely to include:. V* X$ S- n3 i+ M( J% W
A) ease of formation.
8 y% ~) D4 R1 WB) simple decision making process.
8 b* z' m% w5 a: v9 U' rC) single taxation of profits.
7 O' W7 L& l' w7 N" y) F% [D) limited liability. f: v7 Z R+ \8 x" G o2 m
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Question 448 M, r( v8 z5 X2 c7 z1 _! j. A
In theory, the supply of a non-renewable resource is:
; K9 Y- X o$ f/ V3 z$ B2 _5 X$ lA) fixed over a specific period of time.+ p3 v P6 n2 Y3 J( f( R. M/ a) _$ c4 L
B) perfectly inelastic at a price that equals the present value of the expected next-period price.( ?6 X$ D9 t! e( J
C) perfectly elastic.
( s k, Q' W$ U5 x9 q9 S* vD) perfectly inelastic at the price where demand intersects supply.
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& w% L; G Q5 V7 ~& N' HQuestion 45
1 V6 V' r9 d2 }: L- x2 hDemand-pull inflation would least likely be caused by an increase in:
- g8 q J( e+ ~9 gA) the prices of raw materials.
) I* W' |/ ` R. \; V. fB) the money supply.
( h0 W7 I# y/ Z0 fC) government purchases., T! \9 Y6 ]$ Q/ V
D) foreign incomes./ O$ _ x4 R- D: {1 D
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发表于 2015-7-16 09:35:32
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