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Question 419 R# K' m6 P& v2 T8 a; v" p2 D
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?
: Y9 K. ]/ m/ MA) Real gross domestic product decreases and the inflation decreases.
# E. o2 Z* S0 j% K e6 I: wB) The price level decreases and output remains unchanged.
: ^ M4 L2 j6 Z! p. XC) The rate of money supply growth decreases., k F& h/ c5 V8 n' Z
D) Aggregate demand decreases.
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$ M% O' \/ L& g3 EQuestion 42
0 ], i0 z4 Z2 B7 g3 j. _" T. [. \9 l4 }+ nThe velocity of money is the:
3 ~# z3 b/ J& gA) rate at which the price index for consumer goods rises.1 y. e% ^7 ]1 a6 {( ^' s& B% z
B) output expansion multiple of government expenditures.
2 c% K q. J& \2 ^) |1 J$ L5 q" ~/ GC) average number of times a dollar is used to purchase goods and services.. B+ n( p( W/ T+ R
D) number of times a dollar is taken out of the country during a year.
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Question 43
! X- B3 e1 r% M6 \7 j" u, QThe advantages of a proprietorship are least likely to include:
/ G! m+ @* f% x1 ]$ ? ^! EA) ease of formation.
/ s9 f5 z5 T# \7 z, dB) simple decision making process." O% W( O. ~% w( H/ j8 r6 y
C) single taxation of profits.
. j: H% z* V* i2 T' |% VD) limited liability.
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1 H7 N3 c. A) F# r) w0 H" r! t6 J1 @Question 44, H* d% U7 Q; u7 U6 R0 j& |
In theory, the supply of a non-renewable resource is:0 v3 }, U# \# O- ~
A) fixed over a specific period of time.
% w* R' J! x P1 IB) perfectly inelastic at a price that equals the present value of the expected next-period price.+ f4 n% w ] {7 \$ S
C) perfectly elastic.
; Q- M, B! a( ?$ {1 n$ X3 OD) perfectly inelastic at the price where demand intersects supply.
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Question 45
5 x/ \; X( {# CDemand-pull inflation would least likely be caused by an increase in:
: P: y, T' B; G* E7 ZA) the prices of raw materials.5 p0 \" \# v: L1 e
B) the money supply.- ~' T$ {. Q' F8 i
C) government purchases.
) p/ G. M. ?! C, a9 pD) foreign incomes.
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发表于 2015-7-16 09:35:32
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