CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
An economy in long-run equilibrium experiences a cost-push inflation shock. If a feedback rule monetary policy that focuses on the price level is in place, which of the following effects of the monetary policy change is least likely?
, m. c8 [: @; ?% f$ [A)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
1 M0 _4 O8 o& |# s. Y4 kD)   Aggregate demand decreases.

Question 42
/ h0 C( p- G: t9 h0 C3 bThe velocity of money is the:
' E: j9 `8 v  eA)    rate at which the price index for consumer goods rises.
+ y, A% R& c' g6 @& G! t0 i6 J2 nB)   output expansion multiple of government expenditures.
2 v( a6 H; ]; W8 LC)   average number of times a dollar is used to purchase goods and services.
( y& x& Q: E/ r, JD)   number of times a dollar is taken out of the country during a year.

Question 43
The advantages of a proprietorship are least likely to include:
  B1 ]* R+ Z2 \) @A)    ease of formation.
B)   simple decision making process.
* h* D: g2 d" b! b* P9 LC)   single taxation of profits.
D)   limited liability.

Question 44
In theory, the supply of a non-renewable resource is:
7 D+ t% y" k/ K4 r! u1 wA)    fixed over a specific period of time.
" w* Y1 w; P  |# _  {; _* }B)   perfectly inelastic at a price that equals the present value of the expected next-period price.
C)   perfectly elastic.
5 S  @4 i+ F: G( |$ BD)   perfectly inelastic at the price where demand intersects supply.

Question 45
# j: X0 W! {; h0 _# lDemand-pull inflation would least likely be caused by an increase in:
- \2 o4 @, }! B+ N" IA)    the prices of raw materials.
# ?2 @4 z# X0 t# z- p8 a2 z/ V) }, Z* kB)   the money supply.
9 [& H; V* u- J" OC)   government purchases.
D)   foreign incomes.

catherine

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