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Question 41
/ K# t9 G/ U% o" g! j! b9 ?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?
6 B Q, A" ?* f7 gA) Real gross domestic product decreases and the inflation decreases.
+ o7 ]4 k2 N% U( uB) The price level decreases and output remains unchanged." w/ Z" S% E7 R# j& H3 t$ v6 O
C) The rate of money supply growth decreases.
+ d: ~3 Y3 I' w1 Q1 v. Q+ KD) Aggregate demand decreases. 2 i) S1 F# R3 T ^" t! y" m
3 r7 P) O# _6 d( f+ x
Question 42! X2 T( V3 d) D+ L
The velocity of money is the:
7 K- Q! ~3 {* t0 y) p( i! `1 {, bA) rate at which the price index for consumer goods rises.
5 L1 E6 w& {" w: KB) output expansion multiple of government expenditures.
. Y5 T t1 g$ C6 f9 \* ?8 ~! rC) average number of times a dollar is used to purchase goods and services.
# o. \6 J! j/ b" M! y/ a. gD) number of times a dollar is taken out of the country during a year.
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6 v" v# ~4 B. J& W' yQuestion 43
7 g& S1 e- q0 Z% TThe advantages of a proprietorship are least likely to include:
% K# [# J6 o) BA) ease of formation.8 ]9 @# d3 C4 ?$ X% b
B) simple decision making process.* ]( P% M% t" Q2 L. b
C) single taxation of profits.8 I! `+ b% X4 `$ l) `- w- g" j' a
D) limited liability. 9 ~ C M E, ~5 M
2 V" O) T2 H, k8 G7 Z; [2 MQuestion 446 q* M% Q6 C6 F$ y" L1 Y
In theory, the supply of a non-renewable resource is:
4 {4 c7 n! F* u3 MA) fixed over a specific period of time.% {% o$ r$ e! w! [) I
B) perfectly inelastic at a price that equals the present value of the expected next-period price.) s) K, B& W* h2 P# z/ J4 f
C) perfectly elastic.% R1 }# s% ~* W9 n5 B- a; ?
D) perfectly inelastic at the price where demand intersects supply.
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Question 458 j5 \" ^0 @3 c' n E& b
Demand-pull inflation would least likely be caused by an increase in:
8 \+ H, G2 {6 F" [9 r- YA) the prices of raw materials.5 t7 c% `8 } B/ A0 N( z" d0 j
B) the money supply.
0 o4 X% n$ u: J6 N5 A1 XC) government purchases.
6 u5 O! b1 \6 u9 q( w, @D) foreign incomes.9 f/ T: A6 h7 {0 L/ u& c
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发表于 2015-7-16 09:35:32
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