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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: e, t5 c: H! E" W8 ]. j
Learning Outcome Statements (LOS) ' ?3 |2 Q o* }* i4 J% m
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a、 Describe the business cycle and its phases;
( g, R" m, G0 ^, F" }( sb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle;
, N* r" `2 U7 R/ v+ `9 qc、 Describe theories of the business cycle;
% G* ]: r& [$ U4 @/ od、 Describe types of unemployment and measures of unemployment; 4 _) N; g; U: ]
e、 Explain inflation, hyperinflation, disinflation, and deflation;
; ?3 {2 I$ W. n1 x2 i7 @f、 Explain the construction of indices used to measure inflation; 3 u$ j9 f3 B+ i ~5 }; n! C
g、 Compare inflation measures, including their uses and limitations; % [% _% C. u/ p; L' w( X" M
h、 Distinguish between cost-push and demand-pull inflation;
8 d- o0 G' w W2 ^i、 Describe economic indicators, including their uses and limitations;
' ]% W7 \9 w. y+ s) _, F i7 Jj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;+ [6 p$ |+ V% t$ q# P8 d
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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?
9 b7 H; P% ~6 T3 q2 @' E. z& vA. Cyclical ) _$ ~8 }: S2 t2 B$ ]
B. Frictional
- r* ^+ w% s6 I, h$ sC. Structural
: _+ X2 f# G4 {" q. k答案和详解,登录后回复可见: 2 w" T3 F: E5 r
Answer:A
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) [5 F! G8 ~1 \! B8 G- h$ ]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: : G7 I$ _+ ~! A: D5 ]
A. increase 6 R5 {" M4 F u3 t* Y1 ?
B. decrease
; ^+ Y l6 n+ i) `, C* `: gC. remain unchanged ; e. {+ K" v9 ~& @ ~
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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?% {8 Q4 m/ T% S1 f4 q: M& J
A. cyclical * V8 Q }9 I w
B. frictional / G$ l: S8 g9 f* {. E
C. structural - L. i2 {" a6 b; C( h
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% N! g3 ~% o& T4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:+ ^) d- N+ l5 S4 a) R+ _
A. 2.38%3 @/ M; J8 d. ^4 _; f
B. 2.44%
( t9 c s! h' N, X9 f. w9 U' S4 BC. 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:
6 c D, T, K& h+ o| 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:
4 |1 k& a+ n9 l9 y) a0 w7 |A. 103.57 ; ^! v: V5 V( U* B" q D. v. I
B. 107.00 4 Z6 e5 ^+ U5 b7 o/ V: ? }
C. 113.75
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