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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 : j7 s7 C6 R/ H
( L' ~ a8 O8 t, l" r' xCFA Level I:Economics - Understanding business cycles 精选题和学习要点
2 T0 z; [! }% w5 F( MLearning Outcome Statements (LOS)
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: x2 f, x2 g: la、 Describe the business cycle and its phases; - o9 Q/ y' y2 G) h. d1 a1 J
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;
- h. j# s0 j S4 t8 K# _4 e1 qc、 Describe theories of the business cycle;
9 l) a, R _# N) j( b0 j' F7 L3 Pd、 Describe types of unemployment and measures of unemployment;
3 f3 b* e" f5 G7 o: }4 {; Re、 Explain inflation, hyperinflation, disinflation, and deflation; ( K' K( Q0 b0 b% }
f、 Explain the construction of indices used to measure inflation; 7 x( j1 y* I. t- s
g、 Compare inflation measures, including their uses and limitations;
( W- q, E$ K" n: C1 u) ch、 Distinguish between cost-push and demand-pull inflation; ; w0 ]( \3 |: C" r: H+ x) \$ R, k
i、 Describe economic indicators, including their uses and limitations; , ?7 E$ T: F' X W1 g! C: h
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?
' _- H2 N& a3 C/ eA. Cyclical
) d- P+ H; ^. ^7 k# YB. Frictional 2 R7 ]) c$ ^% _+ ^- ^& a$ U P
C. Structural
; a* N7 B" z T9 C& j答案和详解,登录后回复可见:
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2 B7 S% b+ u2 m% j2. 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:
: z9 i3 a, |) ?6 H, BA. increase
/ d0 E, Z$ @1 c, TB. decrease4 F1 b! A, e- k% e( k2 O3 _9 W0 j
C. remain unchanged 4 X' l# ?# _6 L1 o* r
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- V2 V3 b' r( W0 w) p3. 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?
4 Y( I- U$ p1 c6 @( r1 ]A. cyclical % y- f9 Z+ X& Z$ U
B. frictional 2 ^; T/ {/ ?0 H* l2 ?) u, N- R
C. structural
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0 W1 G5 q( x0 }# j4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:; O" I j- g( w; c9 }
A. 2.38%
5 d, _# v) Q! a! j0 K: yB. 2.44% 4 ]# v. n. R- Z$ u0 q1 p, L# J& A
C. 6.00% " _) z# i S: m8 X" d5 b! r1 ^
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9 H5 b/ _5 D( S8 r4 X0 y9 p# f5. 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 q# E' L! m8 L| 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: 6 d' u0 g, p8 R1 o
A. 103.57
- I7 k, Q' }. t7 D; Y$ qB. 107.00
3 [" n+ ]0 B+ m& L$ G/ o0 `+ UC. 113.75
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