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Question 41
2 C% Y. _" `, h$ B; t! x$ ~0 nAn 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?+ k q# c3 N h+ n& E. V) H
A) Real gross domestic product decreases and the inflation decreases.
$ ]# J; `% U# E( T& rB) The price level decreases and output remains unchanged.
/ ~: G; z+ Z0 \1 H; A; X$ j5 x3 |C) The rate of money supply growth decreases.9 w! E: I$ }7 [, u7 Z8 B
D) Aggregate demand decreases. / {: s! V# ?) @& o. Y
4 X/ P1 {" d( k% _% xQuestion 420 t/ I) B: i5 q
The velocity of money is the:$ q0 u: E6 s% |( f
A) rate at which the price index for consumer goods rises.
* R! y& \+ m. IB) output expansion multiple of government expenditures.
; h) R3 l; J: z; K! i) e' NC) average number of times a dollar is used to purchase goods and services.
0 B( g7 [# C' R" fD) number of times a dollar is taken out of the country during a year.
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Question 43
7 O* {4 T9 U2 c: |) iThe advantages of a proprietorship are least likely to include:1 O# f& R8 G, V& J7 \
A) ease of formation.
5 r, j9 B, m+ i, pB) simple decision making process.: n, w" ?* r* D4 \) u
C) single taxation of profits.
/ k% a8 R9 q9 u) V6 g9 i: B- ND) limited liability.
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" g9 I- ^' f& U0 R# TQuestion 44$ _2 J) F9 Q9 a
In theory, the supply of a non-renewable resource is:/ e. b! `! L6 d$ M0 N" Z
A) fixed over a specific period of time.
. ?8 R6 r0 O& r4 G4 LB) perfectly inelastic at a price that equals the present value of the expected next-period price.
* K& d4 ~2 n# |C) perfectly elastic.: `$ N3 R: t: @
D) perfectly inelastic at the price where demand intersects supply.
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: h. Z; K+ S7 P, EQuestion 457 ^# b" r9 m, Y$ I" b; D# n: z
Demand-pull inflation would least likely be caused by an increase in:
8 x3 F3 B: [, h" d# MA) the prices of raw materials.
) D$ Y# W; p( v' s5 z4 a' e" J8 mB) the money supply.
7 L# q( y) `6 B3 Q2 i& RC) government purchases.
; s4 B1 R' o4 y8 M4 qD) foreign incomes.8 K) Z+ \' A( S, X3 K- ?, q
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发表于 2015-7-16 09:35:32
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