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Question 41
3 m( X; w4 P9 ^ c8 [( A% `1 TAn 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?; _) r6 M7 ~3 u0 C
A) Real gross domestic product decreases and the inflation decreases.3 _% E3 c6 R5 y" i
B) The price level decreases and output remains unchanged.8 t8 i- J$ B* m0 ?3 x4 M" \0 \
C) The rate of money supply growth decreases.
: f5 U# j# U+ f) ND) Aggregate demand decreases. # g% `7 `7 T% ~% [4 C& K& x& V
4 @3 e Q4 w0 D, _% f [' kQuestion 42
: n' l" X/ ~, n9 r: c* _, rThe velocity of money is the:
% |$ W. e6 l% BA) rate at which the price index for consumer goods rises.
" V4 R. g% ^8 N7 rB) output expansion multiple of government expenditures.
0 g2 a9 M, w& r8 J+ |5 j3 `0 E, V# ZC) average number of times a dollar is used to purchase goods and services.4 u* v' P; q6 Q* p
D) number of times a dollar is taken out of the country during a year.
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% N3 l4 P* T; q& J2 ZQuestion 43
5 U! V, p( F, \1 h! _The advantages of a proprietorship are least likely to include:
2 v) C y4 E* S; wA) ease of formation.
, ?- E `+ l5 aB) simple decision making process.2 U' t4 `2 c# Z3 ^
C) single taxation of profits.
, X" d0 m9 p5 H) p( d( W) W+ nD) limited liability. 0 L8 r, h1 V9 n; L5 e
6 S( I$ v& F k* y7 T8 lQuestion 44; C. J; H J H) P2 }- g
In theory, the supply of a non-renewable resource is:
" h& w" T5 |0 r1 C9 s8 y" Y3 XA) fixed over a specific period of time.
+ K9 `0 R/ T- G/ o `B) perfectly inelastic at a price that equals the present value of the expected next-period price.8 ]: D$ S& T: P4 ?5 ]: B8 l6 ?( U
C) perfectly elastic.& @: i$ F6 r, N( g% ~9 o; ]
D) perfectly inelastic at the price where demand intersects supply.. I4 k3 n' \% n- e9 ^
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Question 45
1 N8 P- d5 s, h# _7 W$ m# bDemand-pull inflation would least likely be caused by an increase in:
% u/ G8 C# Y+ l- O% x' N( iA) the prices of raw materials.8 f% u" S4 Y5 a+ R# S+ E! G6 _& T
B) the money supply.4 o' B, t7 y5 ], r* \% J: Y( s
C) government purchases.
& A; w4 ~/ a* }/ f' m: p/ I% M( rD) foreign incomes.
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发表于 2015-7-16 09:35:32
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