CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
; [' x. ]* ^" U( L: r) X) sAn 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?
( W! m1 G5 h) p# z- ~0 K. LA)    Real gross domestic product decreases and the inflation decreases.
( E$ ^/ S! ?1 x) V# f8 `B)   The price level decreases and output remains unchanged.
' Z' x! k; t% ?" |* J6 @1 R) ?C)   The rate of money supply growth decreases.
D)   Aggregate demand decreases.
: z, ?) v7 c7 w$ _
0 Y* |' ?; v$ {Question 42
The velocity of money is the:
. |2 e! ~' j9 y( MA)    rate at which the price index for consumer goods rises.
B)   output expansion multiple of government expenditures.
% i( y* c: x8 \+ i6 ZC)   average number of times a dollar is used to purchase goods and services.
D)   number of times a dollar is taken out of the country during a year.
2 U& p6 a; R4 O% e8 z
3 l' {. i0 U' X5 l7 ?: b6 M% zQuestion 43
The advantages of a proprietorship are least likely to include:
A)    ease of formation.
B)   simple decision making process.
C)   single taxation of profits.
! r0 D- S6 e, K) I2 ^  K) i8 gD)   limited liability.

. J. D% i% @, Z6 _4 Q3 W1 sQuestion 44
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.
C)   perfectly elastic.
! Z; w0 t$ U* I/ Y0 D2 V' X1 d, ED)   perfectly inelastic at the price where demand intersects supply.

+ b5 @/ V3 H$ _7 v/ |Question 45
Demand-pull inflation would least likely be caused by an increase in:
0 I& K# h6 x1 _; [; Q* t4 J% L* vA)    the prices of raw materials.
B)   the money supply.
C)   government purchases.
D)   foreign incomes.

catherine

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