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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 ) E% Z. R$ T$ o3 O+ j$ K
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
4 k% {# P7 X! E) v, S0 kLearning Outcome Statements (LOS)
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a、 Describe the business cycle and its phases; $ {* v* |" K6 L1 [3 m1 k- L5 z
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; 8 ]2 z3 A: ]0 N& K( U0 t4 g
c、 Describe theories of the business cycle;
9 W+ f% n7 P4 X0 N8 O" P# kd、 Describe types of unemployment and measures of unemployment;
: T( i1 ]8 J& R: r8 F3 E2 Je、 Explain inflation, hyperinflation, disinflation, and deflation;
% c" N7 r8 u) G6 Cf、 Explain the construction of indices used to measure inflation; # V9 V" c0 R5 m q- T. V
g、 Compare inflation measures, including their uses and limitations; & _ u3 @0 n6 E8 q$ I* N, K( ?
h、 Distinguish between cost-push and demand-pull inflation;
4 k# b4 |/ ?6 ^& pi、 Describe economic indicators, including their uses and limitations;
3 ~; m; m! t2 [- K' S: O% bj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;8 S ]# i) X% \; L, s* _; U- y9 V0 ?
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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?
) T4 ]4 b6 i9 a3 m% q5 _A. Cyclical , I0 W7 \* g. I/ e+ M
B. Frictional 6 o2 _. w& ~2 e; j: |+ X$ G7 B
C. Structural # n* d& U- ?2 G0 H2 ~
答案和详解,登录后回复可见: & \/ L$ F# {/ W' R# u, q: j
Answer:A
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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:
5 S" W# _) z9 K8 i, S* Z4 ?& EA. increase
& b: w8 E4 Z5 yB. decrease [) X3 u) D! {
C. remain unchanged ! }. M- b: h' N+ G3 x5 T# Y
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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?+ V! |0 I8 e) }. X o, V( D
A. cyclical
1 V; V- i$ b' O5 d; {! CB. frictional / g: s. u1 r0 d! F3 x5 q# p
C. structural
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E; u3 h& i* U/ A/ r- I4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:
; z$ D6 R6 W" O% [$ \# WA. 2.38%3 f; g7 q% E3 s
B. 2.44%
) Z, n1 ^. k' w& YC. 6.00% 2 r+ Z) V" h1 v; Y; t. G. o/ h
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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:
1 F/ }* B3 P: \# B9 X| 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:
( j$ M; c$ {* o; e3 Q1 NA. 103.57
# f" U4 ?+ Q) h% ?: {/ N7 q jB. 107.00 0 v/ B ^: M' _/ r
C. 113.75
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0 n2 y" z: U3 I( j' }更多CFA习题可关注:高顿CFA题库.4 U! t2 w7 h0 O9 L7 }
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