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Question 41
4 ^0 C5 V7 p) F. ~# q- gAn 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?
- Q% |# B, o) F! y! z' g0 ]A) Real gross domestic product decreases and the inflation decreases.
7 D/ z/ O$ b7 S! tB) The price level decreases and output remains unchanged.7 o' V; q0 R: a. A
C) The rate of money supply growth decreases.1 B( E: d, M ?5 d9 g
D) Aggregate demand decreases. c: e1 z3 {2 Q& D1 B5 t K
% i) y& |6 h# _# C b* t1 EQuestion 42, |9 a K; C5 V- ^
The velocity of money is the:
' f' w+ D' e2 [: nA) rate at which the price index for consumer goods rises.- d$ P: Q& E0 ?0 c! n# A
B) output expansion multiple of government expenditures.
6 S( x' y, }* e/ C2 x( B# V# aC) average number of times a dollar is used to purchase goods and services.: E+ \' X6 O3 Z0 p, {! |2 @7 j
D) number of times a dollar is taken out of the country during a year.) k# d0 y. |4 }
8 c5 r$ M1 G) A3 @5 g& yQuestion 43
+ n& I7 _7 ]/ [' A! J' r4 F zThe advantages of a proprietorship are least likely to include:" a% Y' E7 }& ~9 S/ c2 |" A; U# ?
A) ease of formation.; m* R; B) V" C, i: c2 q1 S
B) simple decision making process.
9 ?4 r) Z1 K& GC) single taxation of profits.! l! c9 W2 i' e6 m: A4 I
D) limited liability. $ p' w. D) b% H: R% L
`' g) x/ C) {4 d
Question 443 j+ C6 p9 ]4 \, }1 N1 a4 G% a5 O
In theory, the supply of a non-renewable resource is:" E1 O* c _9 Q5 m" B0 C3 ?' V0 ^
A) fixed over a specific period of time.
1 G, t! R( [2 cB) perfectly inelastic at a price that equals the present value of the expected next-period price.. o6 r7 b$ B+ _5 p- x8 p
C) perfectly elastic.
7 M9 Z7 w+ c# P& g0 C/ MD) perfectly inelastic at the price where demand intersects supply.
7 a2 |6 B: F& Z: P4 N4 _
* R* t/ y; U4 z" Z& M T# IQuestion 45& R. S( a' @9 h* A& M P
Demand-pull inflation would least likely be caused by an increase in:
) Y1 ^4 D4 W* [; c% j' p2 `A) the prices of raw materials.* B& o7 K, U1 e4 A$ f j Z
B) the money supply.
. E# }+ o& K; [C) government purchases.
. ?+ F1 [. E: N) y( TD) foreign incomes.* f5 ?+ y l. A# a! A( v
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发表于 2015-7-16 09:35:32
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