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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 ! U/ M2 C9 ?4 \$ y0 v
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点9 v7 U9 t$ n2 x3 k- I
Learning Outcome Statements (LOS) - ?) ~2 j6 b/ @7 z# A
. q/ v. G& P/ B7 S) w- b1 S; u5 r3 ia、 Describe the business cycle and its phases;
( i+ \- X8 ^* J( \7 t% k/ zb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; ; ~! a; E5 V# c5 B: F0 f
c、 Describe theories of the business cycle; 7 {5 b2 I) ]3 e
d、 Describe types of unemployment and measures of unemployment;
- [$ @' _% J& ~; Y( De、 Explain inflation, hyperinflation, disinflation, and deflation; & K0 D& d& b( v I/ G+ y" B+ V
f、 Explain the construction of indices used to measure inflation; 1 v" y/ k! @" b! z
g、 Compare inflation measures, including their uses and limitations; 5 S( c; M8 \4 \3 |- S
h、 Distinguish between cost-push and demand-pull inflation;
9 w) i* |5 Y+ w i: g' j* Zi、 Describe economic indicators, including their uses and limitations;
( y/ \, w/ T- ^# R: Aj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;5 P% Y1 [! _* K+ l
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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?
' F7 U8 b7 } R( ?A. Cyclical
/ ?! C. R" J# sB. Frictional
0 @# o/ F9 s% LC. Structural 0 x" M9 W# v6 B# b
答案和详解,登录后回复可见: " n$ \# t/ Z: G4 b( T
Answer:A3 u$ N& B. U7 M+ d
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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: 1 X- p7 Y5 U8 o ]' u- C! a) o
A. increase
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C. remain unchanged 1 T$ M' S( D8 K' o
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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?5 d2 \$ e) n" p7 k4 z+ I) K/ N
A. cyclical 9 F/ H/ I: C3 O3 b6 V
B. frictional 0 x- |! V" \: G, `9 G" C7 P
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:8 G; o/ S& B+ f5 o5 e9 _
A. 2.38%
# ~# U* V1 X! k; i& x4 CB. 2.44%
/ i1 [) F7 B! f: k9 `" uC. 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:. e! T9 _. e. _, T6 [
| 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:
/ z4 L0 ~7 f! u5 ~) r3 I3 m( z$ QA. 103.57
% l: o7 |2 e9 c2 V8 kB. 107.00 2 D; W Z7 ~7 ?5 O/ S2 s7 k5 d
C. 113.75
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