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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 ( _% ?( y0 D% C5 p Z
0 M0 f8 E' n) H7 ICFA Level I:Economics - Understanding business cycles 精选题和学习要点
3 R* f- u/ R: ]2 [8 W1 L- aLearning Outcome Statements (LOS) + P- Y# Z7 r7 A4 |6 ]- J' d
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a、 Describe the business cycle and its phases;
/ u/ G, Z; `: w$ db、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; . x# F% H6 h( [
c、 Describe theories of the business cycle; ; Z9 E% E! m8 U& \/ q- G" L) A" o3 ]
d、 Describe types of unemployment and measures of unemployment;
6 V _) Y) v1 w& k, n0 a' Se、 Explain inflation, hyperinflation, disinflation, and deflation; ; ]8 G& B; m5 r- ~0 G! h; C
f、 Explain the construction of indices used to measure inflation; ! E: D& z) w y: K( P
g、 Compare inflation measures, including their uses and limitations;
- c( J* S$ ]( E5 e, Ih、 Distinguish between cost-push and demand-pull inflation; / H2 R7 @/ L! {7 C3 H
i、 Describe economic indicators, including their uses and limitations; . t+ ?9 h3 P2 Z+ f1 s
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?
1 @2 Q" J( | M6 x& oA. Cyclical
: ^ Q0 B6 O/ u! S0 A9 J7 i( GB. Frictional 3 C" q' r4 L! [7 O7 f& z
C. Structural 9 E3 e" r8 d& `. R' w* [6 k& x4 X3 A
答案和详解,登录后回复可见: * U- q( a, A. B6 r
Answer:A
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. q: n! C1 U9 `) P9 x2. 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: ! e! ]& K, a: n0 h2 ^* X
A. increase
& W6 Q3 Y1 z3 N$ A, yB. decrease8 J4 ^! _7 Y: ]$ ~7 _
C. remain unchanged t2 s# p( x# |4 @1 l' d
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3. 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?: X. U, e5 W" J( c' ~- Q
A. cyclical
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C. structural
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6 s. s1 h: h/ b: `4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:2 d) l5 W g. m2 Q
A. 2.38%$ i/ J; \* L3 h
B. 2.44% . ^3 s( V) F) q/ Y+ L
C. 6.00%
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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:' m6 z. X a1 |% b6 r: t. 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:
3 z3 \- P: {3 t: j9 B" qA. 103.57 / s/ A) s) T& L' V% `. j
B. 107.00
: b; f, x, _% s a: |$ B. wC. 113.75 " c& S: e* R) Q$ o* e) V9 O" A
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