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Question 41& r H9 {. |& n+ s8 w
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?
& U3 A" E+ A I0 I5 _( x/ HA) Real gross domestic product decreases and the inflation decreases.. e1 t7 N, `0 b/ [
B) The price level decreases and output remains unchanged.
2 C) r' S* A0 X# Q) g* {C) The rate of money supply growth decreases.
$ \: e: r* _; ]! j( h5 w2 ^5 GD) Aggregate demand decreases.
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0 `8 g, [% J2 g. hQuestion 42
0 c6 Z" l3 s s q/ C- t& C$ {" r% ~' iThe velocity of money is the:2 ~1 z' e8 `2 Z, I8 q1 C( [- U( T
A) rate at which the price index for consumer goods rises.
* Q. A( z: j9 P8 H# n' u4 kB) output expansion multiple of government expenditures.
{3 b Q0 ~9 v5 Q6 X- ~C) average number of times a dollar is used to purchase goods and services.
2 O3 K# ?5 V* \D) number of times a dollar is taken out of the country during a year.
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Question 43
. E4 X! Q# k0 H N& `0 H8 J& M! EThe advantages of a proprietorship are least likely to include:0 k: v3 P' f! w: S' o
A) ease of formation.; B2 J" V/ g- z6 @4 Y! r; ?
B) simple decision making process.2 A) \7 I1 R5 y3 ]: Y2 v
C) single taxation of profits.
& l( z! e7 C3 B( BD) limited liability.
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Question 44
* ?8 O8 ~1 `5 S& w7 D( WIn theory, the supply of a non-renewable resource is:6 H4 b, R6 O0 Y- w) b
A) fixed over a specific period of time.% b9 O( [+ W' v) O
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
% T% q/ `0 V' `# Z0 i: lC) perfectly elastic.' p; }% I9 D. a; M4 f0 }4 d& y
D) perfectly inelastic at the price where demand intersects supply.
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Question 45
l3 X: K. b0 TDemand-pull inflation would least likely be caused by an increase in:( e- o0 ~6 U# ]1 @* c0 Q' d
A) the prices of raw materials.! U, Z @2 @+ J. J+ ]
B) the money supply.
/ d8 s+ a6 x% @4 P0 q& G2 R# bC) government purchases.
( g2 e5 g0 d! K$ J- kD) foreign incomes.4 Z2 ^! c |& O! r# e- i7 J
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发表于 2015-7-16 09:35:32
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