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Question 418 B: l5 ]' u! J/ n& k1 t
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?
% n4 c5 V6 `3 U5 `3 P% M$ BA) Real gross domestic product decreases and the inflation decreases.
( n7 x6 U) S' a5 F) v' x% W& jB) The price level decreases and output remains unchanged.& C" R5 _- \# @1 S0 W9 Z
C) The rate of money supply growth decreases.
3 M$ t. o G7 {& h! |D) Aggregate demand decreases. : I0 X- L/ z4 @5 B
& k. T* B( V8 ?& [Question 42) D: ^/ H6 P( S4 J x; C
The velocity of money is the:
: ~2 a3 F* `* `6 hA) rate at which the price index for consumer goods rises.- W5 f" B6 B: ^- _, e
B) output expansion multiple of government expenditures.( X! R1 d; K0 s, k- D" \* k& t) i
C) average number of times a dollar is used to purchase goods and services.& |, y; h/ c+ j
D) number of times a dollar is taken out of the country during a year.' R7 _0 E( t7 b7 s
2 s0 N0 Q8 y! o3 _" N+ Y {+ zQuestion 432 ]! j) Y* ?- c& G: b: \
The advantages of a proprietorship are least likely to include:
5 P$ q9 S7 v5 N, iA) ease of formation.. ]4 b7 k3 H/ {- p. [: b% V
B) simple decision making process.
$ o4 H- A7 V" j8 LC) single taxation of profits.2 Z9 K8 P/ z5 q, b5 t% ]5 d3 b
D) limited liability. 6 s; ^# e3 ]+ j' N7 R' [
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Question 44
( J5 Y: z/ x4 |8 c6 @In theory, the supply of a non-renewable resource is:2 F4 {" v5 U* f
A) fixed over a specific period of time.5 {' p6 t3 a" I$ u5 T9 Z
B) perfectly inelastic at a price that equals the present value of the expected next-period price.
G. L& `. W3 rC) perfectly elastic.5 F; @& p7 p- S U3 g( S& u
D) perfectly inelastic at the price where demand intersects supply.
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Question 45
. s* k* o& s' A& P: c) x" i9 QDemand-pull inflation would least likely be caused by an increase in:
3 N3 i7 u! N4 S4 l) S" o' QA) the prices of raw materials.
9 `! Q7 h7 p1 s4 \/ J4 ]5 P% n1 ]B) the money supply.
$ u, J4 f4 ]9 i8 Q/ WC) government purchases.
" c: k: k M& s7 w4 E& u# vD) foreign incomes.# H o5 O2 L+ ]9 H: g! I
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发表于 2015-7-16 09:35:32
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