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Question 41) j X6 y* u/ q( m
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?2 g4 y0 e1 O* B. ~, V2 M5 s1 t
A) Real gross domestic product decreases and the inflation decreases.
N* |4 d7 C1 I5 w+ n ZB) The price level decreases and output remains unchanged.
: h6 q% A; u8 p4 }- E8 d+ gC) The rate of money supply growth decreases.
2 O+ U5 ^& w C& q' v1 q q/ ]: e- }D) Aggregate demand decreases. G' z- u/ b% |1 R. R5 ~ J+ j$ [1 B
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Question 42% i: K+ _& s( c* L
The velocity of money is the:
: v( E+ S8 _) y7 N; `$ dA) rate at which the price index for consumer goods rises.* y: C3 K2 O8 s$ ]" B
B) output expansion multiple of government expenditures.
+ x m. ~4 J& ]' B/ eC) average number of times a dollar is used to purchase goods and services.
+ A) G* q7 f8 `% c+ ]. J; jD) number of times a dollar is taken out of the country during a year.
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4 y; H2 J1 ^4 \( w/ _2 VQuestion 43
. B' D3 `$ j" w1 v3 fThe advantages of a proprietorship are least likely to include:
0 Q4 d6 t* P/ jA) ease of formation.& o5 T& ~( _) j7 @2 a' c8 V g
B) simple decision making process.5 Q3 }3 k- c P: o9 [6 @9 l
C) single taxation of profits.
8 }# u' Y* k- VD) limited liability.
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, |: J5 T" ]6 q2 VQuestion 443 O% `4 |( F' a
In theory, the supply of a non-renewable resource is: N" k7 K, O+ C: y: }
A) fixed over a specific period of time./ Y8 W& k) @' }: @) \5 y' c& a' E m" K
B) perfectly inelastic at a price that equals the present value of the expected next-period price.8 }! ]0 ~1 ~7 R. d* L; L9 A
C) perfectly elastic.+ P. d! V8 |' H' d
D) perfectly inelastic at the price where demand intersects supply.
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! X# @6 d; I$ p, T& q3 [6 TQuestion 45
1 Y' E" S9 c9 I6 N$ hDemand-pull inflation would least likely be caused by an increase in:
+ ^0 b) w8 r* I4 \6 N, JA) the prices of raw materials.
% l; L; N7 n5 G3 Z4 P- CB) the money supply.6 M: n# S% M0 H8 S/ O) S9 C
C) government purchases.; ]( G3 \$ i5 B3 ~! \2 C
D) foreign incomes., F/ l5 T* U+ ]5 j+ G6 r
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发表于 2015-7-16 09:35:32
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