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Question 41
* ^9 @# _( U* DAn 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 O3 R3 Y" D# |, |! `( X* y& c
A) Real gross domestic product decreases and the inflation decreases.
- D8 l4 ?* O; l$ n* lB) The price level decreases and output remains unchanged.- {1 w Q2 y# ^' O( r! B
C) The rate of money supply growth decreases.+ Z8 F: z, U# K0 e! H* S9 `
D) Aggregate demand decreases.
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& L9 B2 a/ A. O& NQuestion 42
Y7 M6 W; p& cThe velocity of money is the:5 R* B- h: w; P" B
A) rate at which the price index for consumer goods rises.
3 o3 k% f3 L8 KB) output expansion multiple of government expenditures.
! t# b/ U& U3 C. L5 OC) average number of times a dollar is used to purchase goods and services.
4 L0 [9 a5 [0 D6 D& k1 ]! p/ }5 tD) number of times a dollar is taken out of the country during a year.
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0 {* P$ v; w* O/ A$ uQuestion 43
* F6 K+ w/ @3 @: VThe advantages of a proprietorship are least likely to include:
7 x$ q ^0 b/ U7 lA) ease of formation./ ^/ h: i$ |7 b# q- [6 m; B1 R
B) simple decision making process.
. e+ K& O# ~& {) O" SC) single taxation of profits.
9 J: v. a7 Z" k- {: L# cD) limited liability.
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Question 44
{9 `- ~- V; [0 q, [6 AIn theory, the supply of a non-renewable resource is:$ l4 o1 |: X! z1 c; f8 V
A) fixed over a specific period of time.
& G: n" C" J0 z1 e* j. Q! L1 PB) perfectly inelastic at a price that equals the present value of the expected next-period price.
( [6 v$ U w, aC) perfectly elastic.2 _! X& f2 k/ c+ w: ~& X
D) perfectly inelastic at the price where demand intersects supply.& \9 l. N+ y" J6 a
9 N* r5 w6 ^3 }; {! @% P7 EQuestion 45
( H4 j! U7 C) \Demand-pull inflation would least likely be caused by an increase in:* ], U3 L) I) L7 n6 u: e
A) the prices of raw materials.5 B i# n" E+ B% t2 F" W
B) the money supply.
# ^) i8 R1 W' e1 VC) government purchases.3 F" O# U- M# J% y
D) foreign incomes., Y- `( t: @$ O; r
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发表于 2015-7-16 09:35:32
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