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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
' ~3 m- V& X% t# b$ {- ZLearning Outcome Statements (LOS)
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# n, g5 Q+ _+ h8 j4 R6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.- A0 M! i8 v3 c2 ~: @
CPI this year | 267.54 | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to:
8 J- E( U* @( f7 nA. 2.35
) G0 G0 R' C( [1 l2 C6 \( KB. 2.38
9 Q( ]. @( n& K# x, V2 LC. 2,41 ( \( i% P) t# Z. k
答案和详解,登录后回复可见:
' m" z/ t, M4 Y( UAnswer:C
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5 S$ Z7 Y0 B6 R3 A* x; d7. Suppose the CPI basket contains only two goods and services: oranges and haircuts. In the base period, consumers bought 15 oranges at $2 each and 5 haircuts at $10 each. In the current period, consumers buy 15 oranges at $1.75 each and 5 haircuts at $12 each. The CPI for the current period is closest to:
1 Q& w. b' o3 [- r. T/ W! `; gA. 107.81 0 {4 G% E( w7 ]9 r; s
B. 114.58 : ^& u, X) n& x+ E. V
C. 117.97
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8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as:
# m* i8 h. V8 y" ?, J# t( `' VA. Cost-push inflation
1 g% U+ B) g7 CB. Demand-pull inflation ( Y3 e6 Z! y$ k! x
C. Monetarist cycle theory ' m6 I0 O5 F- O$ @7 j
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9 K1 r3 _$ u$ P. {7 x2 T8 M7 j9. The most likely initial (short-run) effect of demand-pull inflation is an increase in: ! E1 A- ^! G$ l7 M+ O$ B5 U6 W) s3 k
A. The price level and a decrease in real GDP 9 @$ X: z- _2 T* \2 }, E; f
B. The price level and an increase in real GDP * ?# V* N( K3 J- n& H
C. Government expenditure followed by a decline in the quantity money
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10. Which of the following will most likely lead to cost-push inflation? 6 O7 N* g) X' T% H+ Z
A. A decrease in the cost of financing
7 x% @( P# N* I: R! `! VB. An increase in the money prices of raw materials * l/ w% N, q7 z
C. A technology change that lowers production cost
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