CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
6 @5 x' M, ~7 Y/ g+ I( hAn 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?
. K3 O6 q* n) O1 Z9 sA)    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.
0 |' ^5 L+ v3 z! bD)   Aggregate demand decreases.

Question 42
The velocity of money is the:
A)    rate at which the price index for consumer goods rises.
, R( b. v5 X7 |# AB)   output expansion multiple of government expenditures.
C)   average number of times a dollar is used to purchase goods and services.
% V3 y4 s7 [0 x- g" C4 Q6 cD)   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:
  D. B8 L/ I) F: l" t- {A)    ease of formation.
5 T9 @, y! B# \1 K" K2 S2 ?B)   simple decision making process.
" f6 |$ H7 a! _: S$ S. J6 N' b, KC)   single taxation of profits.
  \8 z$ D- i, K# p  E+ M: w/ ^% KD)   limited liability.

Question 44
3 D- J0 i/ u& ^In theory, the supply of a non-renewable resource is:
A)    fixed over a specific period of time.
B)   perfectly inelastic at a price that equals the present value of the expected next-period price.
8 H, D7 I) S( G$ g  KC)   perfectly elastic.
D)   perfectly inelastic at the price where demand intersects supply.

Question 45
Demand-pull inflation would least likely be caused by an increase in:
* ]9 l" t  b1 }5 \5 N' \A)    the prices of raw materials.
B)   the money supply.
C)   government purchases.
D)   foreign incomes.

catherine

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