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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 # z9 r. u: [* ?: k+ u9 i# q! A( D
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点) y9 I# A9 \# W2 J3 [
Learning Outcome Statements (LOS) 2 q# H2 t% E8 Z! b5 n, g
! ^: [! |. G- F, _0 Ta、 Describe the business cycle and its phases; $ O0 V9 D# F9 f0 l
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;
j( F1 ?$ V9 Q. G& [7 uc、 Describe theories of the business cycle;
. k5 r! i! V0 m) H* Q# ?9 h: b# Fd、 Describe types of unemployment and measures of unemployment;
$ L. X& Y8 i9 ~0 w7 G% y) C8 ye、 Explain inflation, hyperinflation, disinflation, and deflation; 1 t# N2 |1 B, J& ]
f、 Explain the construction of indices used to measure inflation; * O+ n% I9 X- M% s6 G# D
g、 Compare inflation measures, including their uses and limitations; 3 T" k) c, N3 ?& X7 U
h、 Distinguish between cost-push and demand-pull inflation;
4 a Y& z" h' `8 ii、 Describe economic indicators, including their uses and limitations; 1 G5 w* f: Z# }5 Z( I
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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! ?/ @: K0 m/ ~+ M+ M1. 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?
* ?" E/ [. I0 DA. Cyclical 6 F8 Z- ?0 ]+ y( j4 x, n# B
B. Frictional
, G& x: x: | z/ P2 [- jC. Structural
5 r8 ?& n3 S# S2 j答案和详解,登录后回复可见: # A2 G L3 ]' ? k
Answer:A0 R. }8 U/ R1 b$ s) w
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2. 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: " O8 u. V- f& V8 c6 B7 C; i
A. increase
4 U( V4 e7 D8 b7 O1 M4 G) q3 xB. decrease
- \, [$ O" z8 y- _C. remain unchanged 8 G/ C" S6 h/ X, w; V' Y
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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?
6 F0 Y7 B9 }9 jA. cyclical
1 h5 `* _' ^' Y5 T6 A; M. ~B. frictional z0 F0 N# D5 @$ C( T
C. structural 5 c2 T" O' o( M; b
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; b3 t- c" l4 _4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:3 U& G& \& y5 U; N$ d- R$ U9 v
A. 2.38%: q& J, Q% i* t* n7 V/ [. R/ N2 H
B. 2.44%
& A. P$ i& p4 e! S5 EC. 6.00% V/ h l: H8 Y& L
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& m" O( Z! g; e4 u1 p* N5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:4 }* t, g3 ^- j6 b8 ]; [5 n" U
| 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:
7 K* f0 x0 c1 L! J# C: d+ O RA. 103.57 6 w! n8 V |5 r
B. 107.00
( Y" v4 ?, \$ p RC. 113.75 % `! N# R$ W! u6 ?% P3 h. l
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