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Question 41
" C# h+ i7 Y4 C( |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?
" z" ]; H( \ ?6 z# S8 g" ]4 L- K9 gA) Real gross domestic product decreases and the inflation decreases.
8 i+ a8 |3 l4 |) v8 C2 ?7 w2 AB) The price level decreases and output remains unchanged.
c J( w* f# X" Z# B. D/ bC) The rate of money supply growth decreases.0 ]/ ^ T- p- Y) `
D) Aggregate demand decreases. 0 s9 L" b8 q1 ]2 p$ s& G
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Question 421 N, U6 o1 ]& I
The velocity of money is the:2 }$ L" L& n! a; f2 T7 `/ L9 @
A) rate at which the price index for consumer goods rises.) M& M; C% i5 m# |! ]: }! ]
B) output expansion multiple of government expenditures.1 j$ m- }' X4 v# z3 g
C) average number of times a dollar is used to purchase goods and services.
/ D$ ?# T( e. e! W [: CD) number of times a dollar is taken out of the country during a year.' w( G9 L/ _& t+ s
) m9 v; O8 b7 M4 `6 P; Y( x. tQuestion 43! r8 T3 o4 }, _: [
The advantages of a proprietorship are least likely to include:' @! y0 D; S% X+ b; P% Y2 E j& D
A) ease of formation.
( l1 x. u$ N3 y/ x" H) XB) simple decision making process.
5 r5 N" ?. m4 h1 P5 w+ Y! ~C) single taxation of profits.& S a5 C( S3 U, R7 ]# e( H
D) limited liability.
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$ C' V- b! ^# e7 S8 w( l3 cQuestion 44
5 [! A1 Y! O- _In theory, the supply of a non-renewable resource is:
# x! c5 H1 N& D; h3 R3 M" hA) fixed over a specific period of time.
|+ R: r- X, f$ l9 w9 `B) perfectly inelastic at a price that equals the present value of the expected next-period price.+ _2 L+ f: `6 ^) U$ W6 _& G# g
C) perfectly elastic.
/ J& Z3 F* s9 w4 I2 h3 }D) perfectly inelastic at the price where demand intersects supply.1 n% A) G+ I8 K# P! P
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Question 45) T) e$ M( }( @) `. ^8 m
Demand-pull inflation would least likely be caused by an increase in: O5 z2 W5 `) O7 u0 y( \( z
A) the prices of raw materials.$ V. U- J+ ~& O; a$ Z
B) the money supply.
H5 g" U& Z) b" |& ]+ [C) government purchases.
/ ~& {! g* v: w" A3 f6 W. q) ^: iD) foreign incomes.6 X- K% U& j1 y7 i. M
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发表于 2015-7-16 09:35:32
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