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Question 410 e- B3 G0 F: }7 \/ f- p7 e
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?& j% c4 \8 Z& {8 S
A) Real gross domestic product decreases and the inflation decreases.6 S* f+ y' W& q7 p/ C: J3 s
B) The price level decreases and output remains unchanged.; q' s+ e+ M6 N; k) G7 s( M. N
C) The rate of money supply growth decreases.1 J5 {% k3 G& Z! _# ^6 u
D) Aggregate demand decreases. ) j. m. r, {6 m
' [. D4 S5 G1 E1 R6 f$ nQuestion 42
& H1 x" g7 c) @7 VThe velocity of money is the:9 W+ T+ Y+ q" ^. D
A) rate at which the price index for consumer goods rises.
f5 g* }. T% f$ `0 \3 i6 UB) output expansion multiple of government expenditures.
7 l$ F1 N( K/ a! @2 E8 C4 x. uC) average number of times a dollar is used to purchase goods and services.: H0 O9 ~# O0 e* x& y
D) number of times a dollar is taken out of the country during a year.) }% Q2 y. Y" r" _
3 K) h. G- `* ~) i( fQuestion 43
! A& F' q& V8 Y2 I! h3 B+ FThe advantages of a proprietorship are least likely to include:
0 \& P5 n* R& K7 I. E4 R2 mA) ease of formation.+ v3 {8 A6 I" F1 F
B) simple decision making process.
- D5 B( Z: |+ D6 _; m* LC) single taxation of profits.. A8 Q. F! I0 D: x
D) limited liability.
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i0 `) D9 d9 S oQuestion 44
) e$ v( `6 ^# T5 o8 b4 NIn theory, the supply of a non-renewable resource is:
6 W0 d& I* H# I- Q0 \# MA) fixed over a specific period of time.
0 u9 O# E! U: w4 I% ?# z7 M. j8 tB) perfectly inelastic at a price that equals the present value of the expected next-period price./ M) e1 T3 e n0 P' o4 } }$ u
C) perfectly elastic.' _9 N' t3 i; @( S, A* D. Z. i$ A
D) perfectly inelastic at the price where demand intersects supply.
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Question 453 @! @ B! Q$ L& |
Demand-pull inflation would least likely be caused by an increase in:+ j h4 |7 h( O! I
A) the prices of raw materials." d2 k9 q/ | \
B) the money supply.
) f. F' Z" R, R6 M/ k/ {. n" _1 gC) government purchases.
3 V, x2 B& o' l5 @; V% Y7 S2 wD) foreign incomes.& X2 w5 w4 V4 S4 L5 E" F5 u
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发表于 2015-7-16 09:35:32
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