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Question 41
! O6 U* ^) E" j2 vAn 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?1 o$ H7 o, f! C6 ~3 Q- E! o- F
A) Real gross domestic product decreases and the inflation decreases.
5 G+ @/ Z+ f( w7 Y" iB) The price level decreases and output remains unchanged.$ n& t: N: ?7 W4 x, b
C) The rate of money supply growth decreases.& a( f9 o" H( Y3 T2 W6 g* Y
D) Aggregate demand decreases.
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4 Q* g5 g& s: N9 }' {/ O- ^& FQuestion 42
" ^ r) W4 X# ^The velocity of money is the:$ r' w; \4 A) u, s6 u
A) rate at which the price index for consumer goods rises.
) j9 |; r- C( V2 B3 ^B) output expansion multiple of government expenditures.
( \* c* P7 d' q8 b4 R/ v' eC) average number of times a dollar is used to purchase goods and services.* Z0 W1 j* Z# ]
D) number of times a dollar is taken out of the country during a year.; d/ s* @( n8 a1 x2 |" _# q7 a
# O/ a) F# O- I1 ?Question 43
" E, ?. v3 _ | O1 Y& c8 g8 w* w, r6 ^The advantages of a proprietorship are least likely to include:
; v3 G0 `, J4 M+ x0 B! Y' fA) ease of formation.; d- O# d! l G- w# P
B) simple decision making process.
/ l& e* z5 Q6 qC) single taxation of profits.
/ W) u* {) x7 l' v* G3 cD) limited liability. 2 P! b) o% F; k, _& R# u9 {( z- n6 M
9 w0 E4 c' e6 U9 @- U( o9 f4 WQuestion 44
! ~/ x4 i Z5 vIn theory, the supply of a non-renewable resource is:) R' Z" E! D: [ w% Y5 ]
A) fixed over a specific period of time.
& J( Y5 h7 w5 `! {6 ~& WB) perfectly inelastic at a price that equals the present value of the expected next-period price.
, p5 u8 I3 {" i' C9 R( g4 U. tC) perfectly elastic.
$ ^0 |- d& z" w" f! K6 \D) perfectly inelastic at the price where demand intersects supply." C& E7 z0 V# [! q
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Question 45+ I+ r" ^: ]# j
Demand-pull inflation would least likely be caused by an increase in:
& K4 M3 }% {0 B9 M* C/ k% pA) the prices of raw materials.) s! X& ` P9 g% A
B) the money supply.
' U. G/ z, V2 }' mC) government purchases.. h- M3 I" B. M- t7 P
D) foreign incomes.% H2 [9 ]) T7 A
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发表于 2015-7-16 09:35:32
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