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Question 41
7 y7 N1 B/ L; u) Q4 g# G' qAn 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?! t! A1 n+ Y1 W0 f9 }5 L
A) Real gross domestic product decreases and the inflation decreases.0 l& N1 m, K( ]" @0 Y1 r: U" b% e' r
B) The price level decreases and output remains unchanged.
+ r( X( s) G ~) iC) The rate of money supply growth decreases.- \3 n h, ] B/ V
D) Aggregate demand decreases.
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Question 42- b( c4 C) k* [. r
The velocity of money is the:
2 p: A3 W& x. B( aA) rate at which the price index for consumer goods rises.7 ~- B! \: i) g( G0 N5 {
B) output expansion multiple of government expenditures./ s6 l1 ]& j5 w/ Q
C) average number of times a dollar is used to purchase goods and services.) `0 F- L- t3 Z" a+ [- w; W
D) number of times a dollar is taken out of the country during a year.5 I. n4 R4 h! j. v2 |5 X: [- ]: s7 C
! i# m) ?4 W4 N7 W! @2 B2 ~* xQuestion 437 g: q8 _% L# r7 w& {
The advantages of a proprietorship are least likely to include:
) Y- b; u# g6 F, ~. cA) ease of formation. o# }: a. w8 {5 e) D
B) simple decision making process.
5 W3 z0 v4 }% l! X- xC) single taxation of profits.
8 Q" J% R2 Y0 f, C7 xD) limited liability. , U* ~4 K7 ~, F
5 a" Z f( |/ ~+ tQuestion 44, m6 W# C! }- V: }: D: o7 w
In theory, the supply of a non-renewable resource is: Y+ m+ N5 m! Q( O! ^# o+ F
A) fixed over a specific period of time.. W; Y6 {0 c+ {
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
/ h& w) W5 S* O$ y" k9 v- w, oC) perfectly elastic.
9 x! [; `& X; K9 ?D) perfectly inelastic at the price where demand intersects supply.
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7 y! g2 v1 z5 S, d& HQuestion 45
: J$ E# {% p& v. v/ \3 P+ D, w! eDemand-pull inflation would least likely be caused by an increase in:
5 S ~: G6 P; r- c; c4 IA) the prices of raw materials.
" q! l1 U1 m; _$ d0 F9 {$ Z$ _B) the money supply.+ d$ N: ?; o# j2 P" r
C) government purchases.; q9 Z: g3 p, }* t" a- {1 Q
D) foreign incomes." A- f/ k$ f# E9 x
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发表于 2015-7-16 09:35:32
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