36、Which of the following are the most likely effects of an increase in tax on interest income on the investment demand and interest rates, respectively? | Effect on investment demand | Effect on interest rates | A. | No effect | No effect | B. | No effect | Increase | C. | Decrease | No effect | D. | Decrease | Increase |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
37、The best description of the elasticity of supply of renewable and nonrenewable natural resources, respectively, is:
| Renewable resource | Nonrenewable resource | A. | perfectly elastic | perfectly elastic | B. | perfectly elastic | perfectly inelastic | C. | perfectly inelastic | perfectly elastic | D. | perfectly inelastic | perfectly inelastic |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
38、For factors of production that differ in their supply elasticity, perfectly elastic or perfectly inelastic, the factor income is entirely: | Perfectly elastic supply | Perfectly inelastic supply | A. | economic rent | economic rent | B. | economic rent | opportunity cost | C. | opportunity cost | economic rent | D. | opportunity cost | opportunity cost |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. Answer D
39、Which of the following is the most likely effect of changes in inflation and/or unemployment on the Phillips curve? Select exactly 1 answer(s) from the following:
A. A change in the expected inflation causes a shift in both short-run and long-run Phillips curves. B. A change in the natural rate of unemployment causes a shift in both short-run and long-run Phillips curves. C. A change in the natural rate of unemployment causes a shift in the short-run but not the long-run Phillips curve. D. If inflation falls below its expected rate, unemployment falls below its natural rate and there would be a movement up along the short-run Phillips curve.
40、According to the feedback rule with productivity shocks, in order to stabilize the price level the most likely action by the Fed and the resulting effect on real GDP, respectively, are:
| Fed’s action | Effect on real GDP | A. | Fed decreases the quantity of money | the real GDP declines | B. | Fed decreases the quantity of money | the real GDP remains constant | C. | Fed keeps the quantity of money constant | the real GDP declines | D. | Fed keeps the quantity of money constant | the real GDP remains constant |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD. | 
发表于 2008-11-6 14:11
| 
