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Question 41/ }* q2 R+ C; X1 P* T5 q! @2 ^
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?7 F' J+ v0 p% A- X# e
A) Real gross domestic product decreases and the inflation decreases.
% f$ ^/ k8 c+ q- l" K w: b; a8 eB) The price level decreases and output remains unchanged.: ^# p$ Z! v6 K/ d! U- p8 S' e: b0 |
C) The rate of money supply growth decreases.1 Z1 i/ e" p3 C2 }
D) Aggregate demand decreases. ! k6 S' X. |( D
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Question 42
8 F6 n3 c% j4 y. OThe velocity of money is the:
( v" x7 @6 G6 R- O a: h/ b2 f2 sA) rate at which the price index for consumer goods rises.
3 R! c' a! q0 s* \; {: q- D% o# MB) output expansion multiple of government expenditures.3 {, ~' Z# q$ R6 y6 K
C) average number of times a dollar is used to purchase goods and services., x& F5 J& ~: l( T6 Q; y
D) number of times a dollar is taken out of the country during a year.+ Q5 L1 U0 V) l
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Question 43! X* J1 g( H: i8 p* P5 Y
The advantages of a proprietorship are least likely to include:
) B4 x% b) ~* sA) ease of formation.1 M- c' `, R, ], R
B) simple decision making process.
0 X. M* }9 Q6 FC) single taxation of profits.
! ~( O, l8 ~9 N6 pD) limited liability.
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2 h; @% T( G% c, {2 I0 WQuestion 44; o; \% P+ i$ n2 J# w4 X& {& Q
In theory, the supply of a non-renewable resource is:" x" |7 ]0 R, p3 z6 e a. I
A) fixed over a specific period of time.
* Y1 M7 A9 h8 e7 U: MB) perfectly inelastic at a price that equals the present value of the expected next-period price.7 l! C* d5 e( W
C) perfectly elastic.* w2 J( E# k/ @! u5 g& e: Y. a' a
D) perfectly inelastic at the price where demand intersects supply.3 C% X, `* Q5 E8 d
, b( e/ V# w# v; R' a1 Z; ^" l% ?Question 45
3 ^ z2 c4 M; X3 p z3 F8 i; XDemand-pull inflation would least likely be caused by an increase in:; E( `) I$ t3 D Z. K! K2 D
A) the prices of raw materials.
% h& o6 p' y; B: Z( G( l& N& L' ~B) the money supply.
! N& V6 ^5 o3 o$ z. WC) government purchases." S+ `6 c0 M9 r7 z6 |
D) foreign incomes.
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发表于 2015-7-16 09:35:32
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