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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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CFA Level I：Economics - Understanding business cycles 精选题和学习要点
, M; F* _% L6 WLearning Outcome Statements (LOS) 2 E3 E4 i; Y7 [2 e
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a、 Describe the business cycle and its phases; , z! e6 Z7 X2 t X% E
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; " P% c0 P4 p4 c' d
c、 Describe theories of the business cycle;
" v! s; ^$ `9 Ed、 Describe types of unemployment and measures of unemployment;
9 R: F. z& t9 V$ u0 j( W+ n N2 w. ee、 Explain inflation, hyperinflation, disinflation, and deflation;
$ ]# W8 _( S" ^f、 Explain the construction of indices used to measure inflation;
8 ]% Q* u( ? q# m" C% Gg、 Compare inflation measures, including their uses and limitations;
2 ?/ G4 h8 h) } H' vh、 Distinguish between cost-push and demand-pull inflation;
% f+ M. d* D! `5 c3 ?4 z3 ti、 Describe economic indicators, including their uses and limitations; 4 r6 L, C0 X$ b0 w# u; l; b
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators; {& V. N' [7 S! C* q2 h! C, ^
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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?0 H% m/ @: o) P1 y) Z% L9 p% e- o5 w
A. Cyclical # Q$ B2 i- b0 O7 j- Q
B. Frictional
2 e: H8 r) j9 O& J3 @2 l. jC. Structural 8 l" g; I5 Y' {* V
答案和详解，登录后回复可见：
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' w* r5 x4 i2 f5 o8 Q! L2 H2. 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: : {# q3 M# u. F( Z/ U
A. increase
6 B7 F/ {$ g2 I& l% f# KB. decrease
; E$ W+ @( J+ ^; f& G2 iC. remain unchanged
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' N5 [& g, U/ B6 N& U; F, }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?
. n! I: t8 D! e& MA. cyclical
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/ v: F% Q- _+ q* ^C. structural
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4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:. E9 C6 f, F. N) L! l
A. 2.38%5 A4 D F4 p& V: `' y
B. 2.44%
6 r! u( ^* \, Z; z. F) ?C. 6.00% 0 h0 @- X" @2 D" w
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, q2 X0 `) `: _3 t3 Z* E) T5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:
2 U: O# B, l) H0 }. L: B! D| 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: M. W7 H p* I1 q) g; ^0 f' l, p2 A5 X
A. 103.57
3 K$ h2 `0 F. `) a$ nB. 107.00
/ D1 `9 l: a L `. l; nC. 113.75 ' z( E* R# z. b% r5 m0 Z
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发表于 2016-1-21 11:20:26
发表于 2019-5-20 11:33:54
