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?
+ I7 f2 V0 I$ R0 J6 K1 AA)    Real gross domestic product decreases and the inflation decreases.
/ Z4 z! B* G! DB)   The price level decreases and output remains unchanged.
# I5 p$ c# e! \8 ]) O* m; a7 s  J1 VC)   The rate of money supply growth decreases.
- ?7 W7 h  w% vD)   Aggregate demand decreases.

) {/ Y# W) Y* t% G) J  C' ], dQuestion 42
The velocity of money is the:
A)    rate at which the price index for consumer goods rises.
# {: i. T: I* f5 n9 H5 N, T5 aB)   output expansion multiple of government expenditures.
* s" l! i/ _2 Z/ J$ l# cC)   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.

Question 43
% N; B' C# V. ]+ Q, n- l0 w, _The advantages of a proprietorship are least likely to include:
A)    ease of formation.
B)   simple decision making process.
! V" o  J/ A$ |; C* z$ B7 wC)   single taxation of profits.
D)   limited liability.

* |' e9 N* h3 R$ a3 ^+ k/ ~Question 44
In theory, the supply of a non-renewable resource is:
A)    fixed over a specific period of time.
1 M3 m. v9 B8 ?" `/ JB)   perfectly inelastic at a price that equals the present value of the expected next-period price.
" ]% p# W1 {$ Y# v8 g$ E+ @$ ?C)   perfectly elastic.
; e$ p2 B3 a2 @3 KD)   perfectly inelastic at the price where demand intersects supply.
- F: r+ G7 i% L/ w4 M
5 j. Z# U) g0 m/ r, xQuestion 45
Demand-pull inflation would least likely be caused by an increase in:
A)    the prices of raw materials.
* m: k/ S( v3 U( ^" v  W& {B)   the money supply.
( _* @/ c$ b% u; O8 MC)   government purchases.
D)   foreign incomes.

catherine

答案和详解如下！
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