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Question 41
5 e; ^* @7 f; p* r& n' SAn 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?
3 t, ?# n$ E0 I% |: \A) Real gross domestic product decreases and the inflation decreases.
/ O+ C: { N' _$ h rB) The price level decreases and output remains unchanged.
& n8 K- P; e( X6 X6 J; U6 F7 qC) The rate of money supply growth decreases.( X5 I2 z6 E2 k
D) Aggregate demand decreases.
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Question 424 N) l* w: M* q+ ?: l P) k
The velocity of money is the:4 f7 @1 a5 Q1 F4 w
A) rate at which the price index for consumer goods rises.
- }( A2 {% f. @: F5 F5 F/ \B) output expansion multiple of government expenditures.
5 w, r# q. U0 `0 U# W+ \C) average number of times a dollar is used to purchase goods and services.4 l2 K! e) u! q. o; R
D) number of times a dollar is taken out of the country during a year.
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' f2 A x( w# }5 tQuestion 435 k- e& C" z/ z5 R
The advantages of a proprietorship are least likely to include:: B2 g) B6 `1 G4 r: N, A
A) ease of formation.
: _: ~& k6 z5 f* v$ ~: ]% sB) simple decision making process.; z K5 U5 s$ S; O
C) single taxation of profits., y5 _; }" x# Y" O' q) H9 R4 F
D) limited liability. 4 N7 ?9 W5 F8 l* a# W
/ g' a/ b+ Z$ U2 R D7 k3 ~Question 440 B. D. ^9 H/ j" G" E% C. d
In theory, the supply of a non-renewable resource is:4 z, H3 e" S) d* z3 p. ^
A) fixed over a specific period of time.5 s+ C* v/ i) l9 p9 c( E0 u' B/ `
B) perfectly inelastic at a price that equals the present value of the expected next-period price.3 l, [8 l- F, v9 G
C) perfectly elastic.
" Y. U9 ]- f+ v$ YD) perfectly inelastic at the price where demand intersects supply.
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Question 45
' n# x1 y' Q0 B |* @' [1 EDemand-pull inflation would least likely be caused by an increase in:
% ]/ @2 v& j0 DA) the prices of raw materials.
) d; P. {' ?6 T ]- e/ a( b* ?B) the money supply.
' H, x8 `+ j& B( H o8 AC) government purchases.
( _1 a T' g- s/ rD) foreign incomes.
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发表于 2015-7-16 09:35:32
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