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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 1 O% _2 F6 {" ~% e
. k8 X }5 J6 A X9 h9 ?+ FCFA Level I:Economics - Understanding business cycles 精选题和学习要点
' a; t7 H( ~& {/ x" f0 [; t" PLearning Outcome Statements (LOS)
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& J: r7 o5 S6 ]a、 Describe the business cycle and its phases; . [; O/ ^1 ]4 a5 a% M& K
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;
" W. y$ U, W% W6 l% s% T& z& xc、 Describe theories of the business cycle;
4 _# o7 Z# F" fd、 Describe types of unemployment and measures of unemployment; 6 b4 D, C/ ~4 Q5 W
e、 Explain inflation, hyperinflation, disinflation, and deflation; ' ~% V+ ?/ c5 E, P% y/ V- a1 l
f、 Explain the construction of indices used to measure inflation; % ]: E. ?2 v) e L! H- Y
g、 Compare inflation measures, including their uses and limitations; / T8 W% |" g) k. \1 G
h、 Distinguish between cost-push and demand-pull inflation;
# l- V2 D2 ]- j1 ?' Z1 k1 e# Li、 Describe economic indicators, including their uses and limitations; ; W9 w" K- D7 |) D* L! Z
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?
& T( ^7 O6 T+ T6 yA. Cyclical
( m! j5 d2 m0 D0 e' r* IB. Frictional & d$ R, u* R! k9 @
C. Structural + h( I' G$ u. K" c* Q# o. d
答案和详解,登录后回复可见: 3 Y- s7 p2 Q B5 U: s
Answer:A- D; K1 J5 ` {- S% B( h
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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:
) m; ?# t! F, v$ m1 rA. increase
. `# r4 R0 ]+ x( @6 A# sB. decrease- L# ^6 f5 }! {. C* O7 r
C. remain unchanged / j5 A, Y2 J' ?+ N# |
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/ l! v4 R; }4 M3. 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?
9 g/ g7 {+ x5 zA. cyclical
. [+ D# W, S+ e9 G p7 C9 HB. frictional . ?, e* r4 `; a- Z2 N# E
C. structural & e3 P! t9 a* e" ^2 [
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. E' t: Z* w/ x# `# R+ m/ o4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to: F9 ^1 C Q# N' z: w
A. 2.38%
2 ]3 j- @* E8 k- D8 P" c8 {B. 2.44% ! a) I. E$ c) s1 Y, Q4 T& W7 F
C. 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:9 I: {. U# I1 _, v. F. x' v) j) K' H7 D
| 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 P5 {8 `/ v! p( L' ]9 A, GA. 103.57 6 w; P( N$ t. x; i
B. 107.00
5 w3 r* \' o. j& jC. 113.75
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