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Question 41
+ E7 g1 q! ?# r$ \ d% g3 ?' y8 {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?
3 U0 a' Q$ q5 ^A) Real gross domestic product decreases and the inflation decreases.6 U/ D! I" f: r, z* P \4 i
B) The price level decreases and output remains unchanged.
0 D% l. Q1 j- P; ~9 G5 I( dC) The rate of money supply growth decreases.
. ~" ^: V1 L$ z* u# Y7 r) y, mD) Aggregate demand decreases.
4 L) a" ~& s, u+ _ 8 _! J* Y" t* J P& A
Question 42- \8 Z3 u: d! D- o
The velocity of money is the:0 X: O* B% y, _$ b
A) rate at which the price index for consumer goods rises.' }/ i% q" y" @+ l$ h) y
B) output expansion multiple of government expenditures.
) u0 n' s6 A. f3 F. v2 \C) average number of times a dollar is used to purchase goods and services.
. Y6 X' s x# W; d i6 C: n( U' rD) number of times a dollar is taken out of the country during a year.
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Question 43# N4 w$ r; _$ }3 |9 P) P
The advantages of a proprietorship are least likely to include:, R& T8 s- ~5 |- |) b+ B: K7 n
A) ease of formation.) R# o, @9 N' @: R$ J
B) simple decision making process.9 I5 M7 A2 V. O$ D
C) single taxation of profits.0 r0 X w) S; A6 x9 a5 T
D) limited liability.
" F2 G& X& n, j0 z& a# A
; l% w F# T i3 ]+ `( C/ ^" z' R8 H9 WQuestion 44
8 F- b" a2 C1 P u% W* T; I+ oIn theory, the supply of a non-renewable resource is:
. m) ~; ] D6 \/ q1 HA) fixed over a specific period of time.
" j! G: j" q, B) K6 g: HB) perfectly inelastic at a price that equals the present value of the expected next-period price.0 i( z. U- F0 S
C) perfectly elastic.
% m9 `# ]$ A! v( MD) perfectly inelastic at the price where demand intersects supply. Q% X6 Q: `4 m" D$ Z6 i
0 v% p, s: o4 B; G& n! sQuestion 45. f! Z. ^6 P0 l4 u5 V* x R
Demand-pull inflation would least likely be caused by an increase in:
" ~3 l; B2 }- m R9 TA) the prices of raw materials.' s* ` v; s( q1 e. I5 K+ q
B) the money supply." r1 m; D2 m) r: u8 h9 A
C) government purchases.
; W8 t* o6 J# d0 ?D) foreign incomes./ V1 q& X, B; [4 k9 B7 |8 p/ N
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发表于 2015-7-16 09:35:32
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