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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: Z8 i/ e! u1 W3 e
Learning Outcome Statements (LOS) . n7 F1 E; q5 }& W- B
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a、 Describe the business cycle and its phases;
8 g! S' A4 Q6 ]# u- Fb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; ) Y, y) F5 G4 c# m4 E/ U
c、 Describe theories of the business cycle;
3 o; D3 r% G/ b9 @d、 Describe types of unemployment and measures of unemployment; ( L$ U5 \( \) _5 U" M2 z6 d
e、 Explain inflation, hyperinflation, disinflation, and deflation; * h. X3 C! w: T% C0 \" n
f、 Explain the construction of indices used to measure inflation;
/ D( t/ X- k. l/ b+ e6 @: }g、 Compare inflation measures, including their uses and limitations; / T' H+ X' H$ H6 f+ s) u7 I
h、 Distinguish between cost-push and demand-pull inflation;
$ ?- r1 i& j% m Z: m; O# @. }- Ci、 Describe economic indicators, including their uses and limitations; ' E" g4 T3 |# j
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?
% D8 I7 J. ~; L3 E \1 e3 Z# ?/ Z. PA. Cyclical 9 V2 r* U- {& r# e& C, r" u' h
B. Frictional 2 d0 e& C( ~+ A- @& }0 I n' A+ Z
C. Structural " r4 i( ?1 j9 S9 R+ E2 f h+ ^% v
答案和详解,登录后回复可见: ( U. _4 h1 W6 @9 N5 Q5 _
Answer:A9 l$ `6 W) Q0 I9 u8 j
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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: & s3 J; l$ {4 [& p- q
A. increase 1 m8 J ^' G, {3 c R% j
B. decrease
) J7 ^9 r! f! B% \. i5 VC. remain unchanged
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& z+ A. w, m- y9 t* g% E. q' _0 ]8 y3. 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?0 c; h( t+ _0 q# T
A. cyclical
2 V0 N- o% |% ^5 GB. frictional D) e+ b5 ~: \" N1 ~
C. structural
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# y( m6 D8 D: Q: T$ d4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:
7 a* y- T. i- b! d2 X9 uA. 2.38%
9 \; ]; x5 f) pB. 2.44%
8 [, \) F( R; {3 R5 rC. 6.00% 9 F' p" C8 z3 q
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/ Y1 v) _" S1 ?6 g9 Y( E3 l7 `& |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:
" E8 |' y$ x6 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:
7 p) m1 p$ p% I9 U# l* ]' iA. 103.57
0 X; u$ i9 _! C1 H- P1 Q+ GB. 107.00 0 r2 R1 {: _3 Z5 e4 |9 {
C. 113.75 & d# a) S+ P6 ` M0 w5 |/ l9 K# h
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