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Question 41. G1 o$ p6 L+ C, {+ W
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?
% n9 J. ]- F5 U: CA) Real gross domestic product decreases and the inflation decreases.
$ w3 j. w( r: l4 oB) The price level decreases and output remains unchanged.
) x# ?0 z V' J" C5 [ P8 UC) The rate of money supply growth decreases.
9 E0 h/ ~& X1 I! Q/ U# {- ND) Aggregate demand decreases.
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, i/ G' r/ }' f! Y, f* {Question 42
, k }- g- O1 k; PThe velocity of money is the:+ n# q+ a7 o! u+ c7 p# S
A) rate at which the price index for consumer goods rises." l+ [: F; Z2 H( p$ J
B) output expansion multiple of government expenditures.3 f# A! O ]$ \* T8 r5 m
C) average number of times a dollar is used to purchase goods and services.
0 O0 h+ W" N7 z% `3 g' lD) number of times a dollar is taken out of the country during a year.
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Question 43
' o V1 }0 T9 K" G. x: x2 N DThe advantages of a proprietorship are least likely to include:& y5 k# h5 w) o8 O" f& b5 D
A) ease of formation.
/ L) t1 t0 c4 t/ R, s, p0 d. x9 c" zB) simple decision making process. u5 K5 v: @ e. M
C) single taxation of profits.& i, r5 \8 x3 e: X
D) limited liability. 6 h4 j4 E8 C1 f* c! s) j2 Z: ?
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Question 44; p* Q. B x3 l0 [4 P7 \5 I4 t3 g+ J
In theory, the supply of a non-renewable resource is:
8 d1 t4 S3 v6 wA) fixed over a specific period of time.* i" Q6 R2 J* n& i: Y0 l r
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
" Q; }" C* I. F3 `4 FC) perfectly elastic.
: `! ~. u0 \+ FD) perfectly inelastic at the price where demand intersects supply.
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Question 45
4 @- Y/ U9 V; u: a3 Z7 e- QDemand-pull inflation would least likely be caused by an increase in:
3 X- ^% {* p. \1 k' |A) the prices of raw materials.
+ Q2 S4 W, I7 V2 }+ w# q8 GB) the money supply.: b# [) A+ I, q
C) government purchases.
4 G8 u' `( g/ Z0 ?, w" DD) foreign incomes.
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发表于 2015-7-16 09:35:32
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