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Question 41
6 F6 b" r4 Z) oAn 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?
b3 {+ W0 X% W8 q8 _/ q5 V! eA) Real gross domestic product decreases and the inflation decreases.* k: q0 d' |8 r: V; ^* L) p
B) The price level decreases and output remains unchanged.9 h2 U6 |. Y' _( p# u) x0 ^
C) The rate of money supply growth decreases.% _+ D" U3 w9 ], Z
D) Aggregate demand decreases.
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Question 427 t G: Y2 ]2 B* `5 F
The velocity of money is the:! P* S* b; f1 p" P. ]% Z/ N
A) rate at which the price index for consumer goods rises.0 V7 j9 D' i. \$ ]
B) output expansion multiple of government expenditures.
- v/ N5 j, g$ O& P% H1 H& fC) average number of times a dollar is used to purchase goods and services.1 C7 z" j5 g& {, q: |+ }2 i: }/ [
D) number of times a dollar is taken out of the country during a year.2 D$ h1 B. y/ U/ F. j
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Question 43
& _7 G ^: \/ o! V7 aThe advantages of a proprietorship are least likely to include:
0 Z, K# D+ w: k. ]' {A) ease of formation.
+ ]% Y4 N6 Y* V7 b$ gB) simple decision making process.
$ q; K- S e5 V8 q5 k0 _C) single taxation of profits.1 g- p! m: L. S L0 J7 q
D) limited liability.
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* r" h5 V- S$ u. i N6 ^: LQuestion 44
4 A7 \% j5 Y) ^$ dIn theory, the supply of a non-renewable resource is:
# q7 p1 m, b" k& W+ c5 @3 X& X* ?. T- }A) fixed over a specific period of time.+ h4 ^) Q; M" f5 n
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
3 j' E( }5 y% V6 QC) perfectly elastic.
, ^, Q) C1 g1 Y e4 S TD) perfectly inelastic at the price where demand intersects supply.
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) |6 |- x7 ~9 S/ L! j* W8 GQuestion 45
0 J( B' e) K- y D, S1 q+ n/ N" }Demand-pull inflation would least likely be caused by an increase in:1 y" m, e& f! g
A) the prices of raw materials.
/ Q }# }! T9 S7 ^" U4 RB) the money supply.
/ h- x' y5 {0 K) i! l2 nC) government purchases.
% B- V1 O+ L$ vD) foreign incomes.
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发表于 2015-7-16 09:35:32
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