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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 ' w5 B7 q) Z4 T* W/ w9 Z: l; y
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
/ l T" r. `% M9 l1 @Learning Outcome Statements (LOS) - B2 [+ V1 X* Y2 j0 a3 A
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a、 Describe the business cycle and its phases; 9 j7 b2 d. g+ l/ q: S H
b、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; " A5 K# X' G* S" `( @
c、 Describe theories of the business cycle;
) }$ ~! k- V: F" b6 ed、 Describe types of unemployment and measures of unemployment; " Z; v4 `# Q5 q9 m* J0 @ D( G
e、 Explain inflation, hyperinflation, disinflation, and deflation;
2 C) I/ S( ^- f+ N5 t' Q3 J! ~- u2 Rf、 Explain the construction of indices used to measure inflation; 2 P# N _. r, w8 ?3 ?- |
g、 Compare inflation measures, including their uses and limitations; - C4 @5 f& w/ k
h、 Distinguish between cost-push and demand-pull inflation;
$ v9 \. J: x. D( Z7 Ai、 Describe economic indicators, including their uses and limitations;
1 y5 Z" b- d l5 @j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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1. Government policies to stimulate an economy suffering a recession and designed to reduce unemployment in the short run are most likely directed towards reducing which type of unemployment?
7 |0 M+ D1 e, Y, c% X- Z, ?A. Cyclical
r8 }! ^& v( j$ L' J) XB. Frictional
" p0 l2 {% \9 Y& mC. Structural
8 ^3 R$ A! [+ L+ q8 b答案和详解,登录后回复可见:
4 d3 `! ~% G1 o& @/ GAnswer:A
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4 y+ E6 `+ I6 ?1 x1 D/ i, U& O2. Holding the working-age population constant, if the labor force participation ratio decline while the number of people employed remains unchanged, the unemployment rate will most likely: ( L- ]$ i s$ B$ z4 [' S9 X+ ~! r
A. increase 6 k) G+ c0 d$ k# Z
B. decrease) x$ Q8 [ y% f9 [. y$ @
C. remain unchanged
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! R& e- \& V: [4 h7 B3. Which of the following types of unemployment is most likely to be associated with an economy in which many workers have been made obsolete by changing technology?
7 ^; l( \! r. u6 m5 G1 {/ eA. cyclical
# O) @& Z0 I7 i! J* WB. frictional ) T$ Q2 U, o# ?! A$ b1 {
C. structural $ x9 w4 ^0 W' K# |3 U. O
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' K! c V5 C6 I W" g4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:9 e2 J9 H4 h$ g% z6 U; I
A. 2.38%
7 N+ m4 m' c% s7 U$ `B. 2.44%
) X: t3 r/ s" u8 J/ k2 n+ jC. 6.00%
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1 t: i, `$ O" V G: P5 L3 E* V5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:
% B( e1 I# d# E: x| Base Period | Quantity | Price($) | | Apples | 25 | 1.00 | | Shirts | 5 | 20.00 | | Current Period | Quantity | Price($) | | Apples | 25 | 1.25 | | Shirts | 5 | 20.50 | Assuming the base period consumer price index (CPI) = 100, the CPI for the current period is closest to:
8 x' `7 F1 }1 t5 U9 [A. 103.57 : A5 }; q5 S/ A+ {4 t# v5 t
B. 107.00 5 s! L5 G+ O: F3 {! A* ^* J
C. 113.75
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