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Question 41
/ `' A7 a& y0 \% n1 C( ?3 W6 k- y* ~* cAn 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?
; _9 |5 Y. y6 ~1 J- \# p+ l: R9 Q5 oA) Real gross domestic product decreases and the inflation decreases.
. M6 j$ y9 _; z$ dB) The price level decreases and output remains unchanged.
$ q% H0 d' I. ?% ]! u0 jC) The rate of money supply growth decreases." B! H5 `! h0 U
D) Aggregate demand decreases.
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Question 42
; U" B7 @' x: \The velocity of money is the: B. @# F' @1 f( J: d
A) rate at which the price index for consumer goods rises.
' i* f F! f6 ?' ~" H/ s& g# q* [B) output expansion multiple of government expenditures.% t% t: {' u4 s8 D
C) average number of times a dollar is used to purchase goods and services.
4 y6 F" c) I. W- _$ n4 x+ YD) number of times a dollar is taken out of the country during a year.
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Question 43$ R0 |' _' S8 Z8 Z
The advantages of a proprietorship are least likely to include:
9 m- i) S, e6 OA) ease of formation.: B- Q8 O c N. C
B) simple decision making process.
" l: G9 \5 u/ I- FC) single taxation of profits.) l8 P# u$ z) p0 \: F
D) limited liability. 1 U2 ~1 }" {. X+ N/ u* B% x
% A* c- Z# p; G, c0 H8 [% ?3 g. OQuestion 44- O/ i* i. C& t
In theory, the supply of a non-renewable resource is:* w* t# G, u9 l; U; u
A) fixed over a specific period of time.
6 s. Z; [, H. Z0 o* gB) perfectly inelastic at a price that equals the present value of the expected next-period price.
; _5 F: n- `: X( o! S) xC) perfectly elastic.
2 N0 H. J9 a( K. a9 J+ v( s/ }, ^D) perfectly inelastic at the price where demand intersects supply.$ ~: P/ g- H, r ~0 E! j
3 B. P. d2 ]) o6 J! z4 dQuestion 45* y2 U3 h9 p4 @6 N2 {2 E9 n
Demand-pull inflation would least likely be caused by an increase in:
' z- X. Q L/ {% W3 H. k1 @A) the prices of raw materials.
7 B! T2 T" T7 z' wB) the money supply.
6 v0 n* K3 z# s r: L9 D2 i8 bC) government purchases.
: o3 e: |4 o% g& {' xD) foreign incomes.
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发表于 2015-7-16 09:35:32
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