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Question 41
% i3 a. R+ d. k3 ~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?
1 T) u! D: A# `! d iA) Real gross domestic product decreases and the inflation decreases.
2 D2 A" [* |3 H- D; DB) The price level decreases and output remains unchanged.: ^( L: C2 d6 j, r& P
C) The rate of money supply growth decreases.9 j0 n& ^' z7 q2 p% k, p' R5 z/ i
D) Aggregate demand decreases.
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1 p/ }& k/ X1 A) H, M) o! TQuestion 42
5 S/ x: {4 Z" b$ N1 \* j5 pThe velocity of money is the:
( c7 n. O" P E. K) ~A) rate at which the price index for consumer goods rises.
$ b+ n3 r7 C" F/ S4 ]! [% vB) output expansion multiple of government expenditures.7 h# T' q1 R( r! ^& X. j- ]4 h5 g
C) average number of times a dollar is used to purchase goods and services.
: x1 U2 o+ S4 a% I# e; ~( m/ e: jD) number of times a dollar is taken out of the country during a year.
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Question 432 |( i: l% ~- I- T3 W! k
The advantages of a proprietorship are least likely to include:
7 p+ S/ Q- ?! k; [! YA) ease of formation.$ ]3 U: g( _/ x( G
B) simple decision making process." |! `( f8 h2 X8 j0 o b5 `7 Z2 w
C) single taxation of profits.
1 i+ u( N! Y# w8 u7 k. {# BD) limited liability.
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Y' {# ` v% _$ o U- U9 oQuestion 44 H+ M- B7 p1 z% }3 G* M p/ l7 f
In theory, the supply of a non-renewable resource is:5 z) g) `" M% o" B1 o3 g
A) fixed over a specific period of time.
' C3 ]0 |/ ?* a( H/ DB) perfectly inelastic at a price that equals the present value of the expected next-period price.- Z' D, W5 y* W
C) perfectly elastic.7 T, A' s/ f& B# k* v; e
D) perfectly inelastic at the price where demand intersects supply.
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/ n/ ]- ]- r; c8 o. X' v. ?Question 45
2 @ N) M9 d+ N+ @/ ]. s* {7 \Demand-pull inflation would least likely be caused by an increase in:
5 l2 }7 \+ n* E* t7 U& uA) the prices of raw materials.6 s( z6 f7 m) \: @/ d6 R
B) the money supply.2 q' L& o6 J2 N+ I
C) government purchases.
) \( z% W) z: u* t: U7 T2 N7 VD) foreign incomes.+ ]8 Y, O/ H2 Z9 X
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发表于 2015-7-16 09:35:32
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