Question 41 The kinked demand curve model of oligopoly is based on a belief that:
A) firms will follow the market leader in setting prices. B) a price increase by one firm will likely not be followed by its competitors, but a decrease will. C) one firm has a significant cost advantage and produces a relatively large proportion of the industry’s output. D) firms compete on price, quality, and advertising to differentiate their products. Question 42
Which of the following statements about the short-run and long-run decision time frames is most accurate?
A) In the long run, a firm can adjust its input quantities, production methods, and plant size. B) In the long run, quantities of some resources are fixed. C) In the short run, technology of production is variable. D) In the short run, economists treat plant size and the amount of capital equipment as variable. Question 43
If the central bank unexpectedly decreases the rate of money supply growth in order to reduce inflation, the unemployment rate will most likely:
A) increase as a result of a decreases in aggregate supply and real wages. B) decrease, and real gross domestic product (GDP) growth will decrease. C) increase, and actual inflation will be less than expected inflation. D) decrease in the short run. Question 44
The new Keynesian (or Taylor) feedback rule:
A) emphasizes price level stability at every stage of the business cycle. B) suggests increases in the federal funds target rate if inflation decreases. C) focuses on reducing differences between real GDP and potential real GDP. D) uses the growth rate of the money supply as its primary policy variable. Question 45
Which of the following sources of information should an analyst consider the least reliable?
A) Corporate press release. B) Form 10-Q. C) Proxy statement. D) Quarterly or semiannual report.
[此贴子已经被作者于2008-11-8 14:11:58编辑过] | 
发表于 2008-5-26 11:56
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