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Question 410 N& v0 s! b. Z6 i
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?
( _4 n: x; h+ c b! Z: D( O9 `) g2 gA) Real gross domestic product decreases and the inflation decreases.
# ^2 L" F9 B! DB) The price level decreases and output remains unchanged.
( f, ~3 f2 n% ^8 u8 \3 O$ oC) The rate of money supply growth decreases.
9 M- G7 d8 ~7 t o: H) SD) Aggregate demand decreases. ) ?% D; M0 a/ s# x. @$ b" V
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Question 42
h2 E+ f" W9 @/ `The velocity of money is the:5 o0 S( ~$ g$ q1 L3 g
A) rate at which the price index for consumer goods rises.) N; `0 a; Z4 ^- P' w- u
B) output expansion multiple of government expenditures.2 |: ?+ G( i, y, x' k: P4 {
C) average number of times a dollar is used to purchase goods and services.% Y- l, ~" x& u- c) p% i* w$ |
D) number of times a dollar is taken out of the country during a year.( O- k0 {$ z% k: d
; }6 g3 ~4 O5 o; }$ R5 `/ gQuestion 432 S" A, P& ]2 |! q2 R1 D: e# Q/ _' K$ N
The advantages of a proprietorship are least likely to include:' ~; f# L, Y7 N- C( h- O/ B" o, ?
A) ease of formation.
# U" ^, r# B4 d0 l$ t; IB) simple decision making process.
4 O$ f# g4 c. ~9 j$ eC) single taxation of profits.
2 B4 B4 T+ B1 ]: q8 ND) limited liability.
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Question 44# [( F( x) w; Z* {
In theory, the supply of a non-renewable resource is:* [" f. V) v9 `7 Z' G1 o
A) fixed over a specific period of time.
" H( S q0 e0 @- l# [B) perfectly inelastic at a price that equals the present value of the expected next-period price.
% B( `$ k3 Y. g. H, o: XC) perfectly elastic.7 J' w1 u6 @7 X; `
D) perfectly inelastic at the price where demand intersects supply.; l9 r8 B/ A9 E+ v
' t! m' o7 @4 e6 W3 |Question 45
% v' T% P% v C6 H/ y: e- c- HDemand-pull inflation would least likely be caused by an increase in:
, r# v/ K' F% }. {/ p$ }A) the prices of raw materials.
2 k! i# b* B, E* L5 FB) the money supply.
! t. O$ ]! \# e2 }C) government purchases.
; u. @( ?5 W$ c& o% c- [D) foreign incomes.
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发表于 2015-7-16 09:35:32
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