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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑
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+ m5 g5 u' N/ j1 F$ wCFA Level I:Economics - Understanding business cycles 精选题和学习要点5 e$ W1 X3 H" L3 ] ]; j c, F% C, O
Learning Outcome Statements (LOS) 6 u I- F6 K- I6 n) d
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a、 Describe the business cycle and its phases;
: s) X7 G4 x5 L. s2 M- d, w0 Ob、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; - ~1 O2 [" s, G% i# a9 @
c、 Describe theories of the business cycle; ) v. k" |; T5 N2 w
d、 Describe types of unemployment and measures of unemployment; ; l( K( l! m: N1 ~
e、 Explain inflation, hyperinflation, disinflation, and deflation; 2 H4 j4 R7 z+ I5 r
f、 Explain the construction of indices used to measure inflation;
O9 ~5 G, a$ h( i- h' yg、 Compare inflation measures, including their uses and limitations;
: _! x7 y" s \h、 Distinguish between cost-push and demand-pull inflation;
- U, Y. H! f9 X$ Y5 U W! Vi、 Describe economic indicators, including their uses and limitations; & \0 F/ r/ _8 m6 d$ }1 |% p
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;$ h/ `9 l( j. z) G
: M6 i. P7 C) G0 O+ z2 [/ ?- q1. 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?8 M5 H$ o1 b% W" R: c' g( _' j
A. Cyclical
2 o: U2 M1 q4 G6 C) XB. Frictional " Q2 P% Z3 T) `/ S6 d E* N
C. Structural 1 N5 I# r% }: P! y
答案和详解,登录后回复可见:
; n# q7 M# g4 I$ m4 q" @Answer:A1 k! f3 i0 D0 ^
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5 x; u: U" F0 K! Y2. 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:
& Y! A* x( r X! E: H0 N* R* \9 AA. increase
8 y/ p9 Z( z) y2 D* t% t9 V7 B' jB. decrease% o/ V; T( k1 J
C. remain unchanged
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9 U2 v; C# e X& T3. 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?/ @$ ~8 Q- n- v- E! S' J4 R# A
A. cyclical
2 }; {( k: e: O; B0 w5 yB. frictional Q0 { c+ p. P$ \0 `' C: W
C. structural
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, ]8 v8 K2 L& N; i" l4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:
4 W9 e; L1 _& ?) y1 |A. 2.38%" x ^) H U% W: |
B. 2.44% ! ?. V5 Q; t1 j, M2 I1 T
C. 6.00%
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9 [; a" z8 T3 {, j. O- l' _5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:8 I- Z; G; Y6 s+ l1 i" A- C/ @$ }
| 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: z. d" A& y- u- O# n/ S
A. 103.57 3 z+ |8 y7 A# W1 G& w( Y) q$ C" P3 C
B. 107.00
- u/ z" Y0 p5 ^+ ^- ]2 r$ ^- r- AC. 113.75 : H8 \. H2 _" w$ ~
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