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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 1 }/ o6 ~% h( P4 n! L) K1 I4 M
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
4 s# o0 k, w9 n2 o1 FLearning Outcome Statements (LOS)
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a、 Describe the business cycle and its phases; ( J8 m+ w( K) \6 I1 s6 j% y
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;
4 _. r; Z( P& Ec、 Describe theories of the business cycle; ; X$ J% p# M% _$ p' L
d、 Describe types of unemployment and measures of unemployment;
) i- p, s) |( E$ P7 ^8 ~5 r' {3 ~0 V S9 Ze、 Explain inflation, hyperinflation, disinflation, and deflation; . B- f! t5 |$ a( {3 E+ [2 b1 R2 v
f、 Explain the construction of indices used to measure inflation;
% V/ q# O% d E [+ Q; G3 eg、 Compare inflation measures, including their uses and limitations; 7 `1 S: B0 T+ f% Q0 [
h、 Distinguish between cost-push and demand-pull inflation;
- N$ O' H$ o0 P; `i、 Describe economic indicators, including their uses and limitations;
; }1 S6 ?' r2 ~! J' a5 V9 |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?2 D. `" l. r4 V
A. Cyclical
' t. ?* L0 D. d( q; b) W. ~5 wB. Frictional 4 b2 Q1 K; w0 O- G; e4 ~
C. Structural
- v, k1 M" z3 K1 Z# Y8 h7 t答案和详解,登录后回复可见:
e! [2 T4 Z% T+ T% @Answer:A9 I' _# h9 B7 Y( i
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4 k0 ^5 t( B* F1 v# z2. 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) o9 L/ {1 j% `6 `* L/ {. ^
A. increase # J) R, Q% K; o7 C3 h
B. decrease: t" n+ |2 P. R9 W k
C. remain unchanged
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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?, L, g E/ X2 s$ A8 c6 i! n# b
A. cyclical " T" [4 K* @0 F: v _* T( q- p
B. frictional
) C: B5 Q4 n2 T. Y; e1 lC. structural
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/ h. K! O @' I5 d+ C4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:
. ?! ^3 q' J5 k% S2 T& x- MA. 2.38%1 S. P( s, W2 U |3 ]# s; k
B. 2.44% 0 Z3 D" j3 y: [; T
C. 6.00% ! V. w4 r/ f0 Z
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7 K/ a0 l# v2 ~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:
' K" U% j9 G# m% \% i5 {6 w| 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: ( r2 {: h# J+ u, K5 p- i
A. 103.57
) g. [3 @: z6 p$ t) @5 a: t8 ?B. 107.00 1 Y9 E( E( y; L+ ?- m5 [2 Z; b
C. 113.75 * D: g4 X4 X9 |0 u6 b- q
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