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Question 41
6 w( t+ C/ q- ~9 W9 V' p8 C. j- j, G5 V. cAn 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?
$ e) O, W* _: }2 d0 LA) Real gross domestic product decreases and the inflation decreases.
+ U" @$ x: a8 c" m, ^. cB) The price level decreases and output remains unchanged.
8 [% b8 m! Q2 \6 J& z8 hC) The rate of money supply growth decreases.. M7 D; {+ B1 T& ? E8 d+ [1 R
D) Aggregate demand decreases. 4 M h9 _/ m) G2 |
7 x, _; ~8 Z3 _# t8 Q& oQuestion 42# X6 O5 L8 M* j; v4 _! h
The velocity of money is the:
* i; }$ I- N( U# z6 p- c- h' mA) rate at which the price index for consumer goods rises.
3 c, o% _9 f5 @, q) B8 _' _B) output expansion multiple of government expenditures.
$ n( x9 ?; g9 O- e4 DC) average number of times a dollar is used to purchase goods and services.
7 \4 c% D& [2 @2 s7 p+ y/ fD) number of times a dollar is taken out of the country during a year.
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" M7 J: m. R0 e& o4 s5 `% vQuestion 437 \( R* g$ |* r; D' @* b
The advantages of a proprietorship are least likely to include:1 \' w" ?, f' o- M
A) ease of formation." k. H/ v' `: P: o, o) `, f9 G. h
B) simple decision making process.8 z9 j1 y5 p% t. I
C) single taxation of profits.
- B- W: {$ Q# d. z1 E+ ?D) limited liability.
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Question 44. U1 P9 \$ A, H9 q3 H- Z
In theory, the supply of a non-renewable resource is:
) S o) k3 L. T+ C, hA) fixed over a specific period of time.! E* L, T' h1 z* ~2 Z5 N+ R
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
' p: S2 o. ^% S. v I. cC) perfectly elastic.* `. m4 t( z$ ?7 J$ m* z
D) perfectly inelastic at the price where demand intersects supply.5 ?. U* f5 G% ~% @) E
% A* j3 n% F. Z0 f: Q8 M! vQuestion 45
! r# Z. c% ~6 a3 o% m' B" K& tDemand-pull inflation would least likely be caused by an increase in:- l" E1 j( p- t1 M2 h
A) the prices of raw materials.
. X$ V9 U1 W. v4 z NB) the money supply.2 z3 S# u: h/ L4 w% f% y3 L2 q) R9 _
C) government purchases.
& o0 C( M' r" ~, B: YD) foreign incomes. m9 I2 S; y$ a' X* i0 q* a9 a h
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发表于 2015-7-16 09:35:32
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