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Question 41
; C9 ^' G+ [2 ]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?
( |* q; U' c' @& |1 OA) Real gross domestic product decreases and the inflation decreases.! t4 T5 f8 l$ |" n1 A" i
B) The price level decreases and output remains unchanged.
" k' X4 z! w. c* u/ TC) The rate of money supply growth decreases.% i6 L2 R' j7 M/ `$ t; M
D) Aggregate demand decreases.
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$ q1 r* _$ F8 ]: f! g UQuestion 42
3 y4 L# M- ?& K) d9 o: ]/ ]7 PThe velocity of money is the:% c$ |5 L4 O1 z! M
A) rate at which the price index for consumer goods rises. o- ?6 O2 s" ~/ ^; d" r
B) output expansion multiple of government expenditures.3 i; K1 N8 s/ f6 m0 C
C) average number of times a dollar is used to purchase goods and services.
8 V! G2 u5 i9 b2 z# S1 n `D) number of times a dollar is taken out of the country during a year.: z- f h) W z; D/ q, s0 R, j
( D. [# `) G+ ]$ d+ t% i0 R+ fQuestion 436 L$ T" b% Q$ x
The advantages of a proprietorship are least likely to include:! [: G( @+ ~: C& M/ Z% P/ f
A) ease of formation.* h! \ g: W+ f% E
B) simple decision making process.
5 w& `% `' Z; L( `3 k1 J8 F Y9 UC) single taxation of profits.8 _2 N. p, M" v/ e1 ~6 C
D) limited liability.
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Question 44
! B' ]3 N" ^0 T9 yIn theory, the supply of a non-renewable resource is:
* F8 ~( c+ |' X/ {) I$ d. z" EA) fixed over a specific period of time.2 z. N7 J3 w- J( a% u: S0 S
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
9 [/ K# }( H J1 H# v& iC) perfectly elastic.( x1 o7 v2 d0 ]% R
D) perfectly inelastic at the price where demand intersects supply.
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2 _/ V3 l( [; @4 u3 I+ AQuestion 453 {+ Y2 K7 ?/ M' ?% n" }0 z0 }: i
Demand-pull inflation would least likely be caused by an increase in:$ ?9 ]1 f! Z6 L! |) l5 U! {& }
A) the prices of raw materials.: G' v; Q. n$ X- A; c, U
B) the money supply.2 N1 Y G5 k+ @5 w
C) government purchases.3 q: |" n5 b1 n
D) foreign incomes.$ f; r4 k9 @! i% `/ L- a5 k
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发表于 2015-7-16 09:35:32
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