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Question 41
/ U; ^4 W$ G- c2 Q* G2 M: xAn 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?
/ q! S5 @ v* O* g7 zA) Real gross domestic product decreases and the inflation decreases.
1 J1 D6 X2 C, Z1 s! HB) The price level decreases and output remains unchanged.- A" B; a1 G$ w3 z& y
C) The rate of money supply growth decreases.
8 ~6 S6 ?0 M" U' w% oD) Aggregate demand decreases.
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$ U' w- a6 G2 B6 yQuestion 42/ y0 b% a5 [: f8 g
The velocity of money is the:
' y. R, M, _7 p" \* h/ E4 IA) rate at which the price index for consumer goods rises.
3 H% a d, M% B9 I- tB) output expansion multiple of government expenditures./ p% r) w- j' D$ Y4 e3 d2 ]
C) average number of times a dollar is used to purchase goods and services.
! _7 ]% R s4 U1 MD) number of times a dollar is taken out of the country during a year.
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2 T- h6 e7 T' ?8 q7 bQuestion 43- _4 K' p( L `
The advantages of a proprietorship are least likely to include:
+ r2 Y! ?; s" u7 O; J3 s1 EA) ease of formation.& {: G( E2 [9 k, W
B) simple decision making process.
1 p6 v; P: m$ J) W& f3 rC) single taxation of profits.( @! ?$ W9 b% u& V( N1 W) N2 g
D) limited liability.
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, _- O" V) V7 i9 b7 } U+ o& LQuestion 44
" Z% L; a# H+ U! ?" fIn theory, the supply of a non-renewable resource is:: w' z9 |1 d) @: W) w; T4 o
A) fixed over a specific period of time.
& _7 l+ u" Z2 M- ]( `! q: HB) perfectly inelastic at a price that equals the present value of the expected next-period price.
) [/ C8 V* i7 [; m. g: MC) perfectly elastic." t7 |" S0 f/ S0 ]6 _5 S2 J. E: u1 [
D) perfectly inelastic at the price where demand intersects supply.
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Question 45) L2 i( d P! }
Demand-pull inflation would least likely be caused by an increase in:
3 {5 J0 N4 X6 Y1 [) |A) the prices of raw materials.0 D% `: K) w G
B) the money supply.
" f6 x9 i4 L! V3 r+ YC) government purchases.( O5 U* [# o( ], C7 f8 |
D) foreign incomes.' i9 Q' P: V T5 c
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发表于 2015-7-16 09:35:32
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