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?
: v7 s& e! n1 @A)    Real gross domestic product decreases and the inflation decreases.
2 S0 Z7 g3 C* h% EB)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
; Z8 t: O( Q: d+ a4 I4 \9 VD)   Aggregate demand decreases.
  [8 n& g3 I( u! z9 T" ]. d
Question 42
4 B8 u. e8 ~$ W$ HThe velocity of money is the:
A)    rate at which the price index for consumer goods rises.
6 F- }' |6 b3 WB)   output expansion multiple of government expenditures.
' P6 v) }% I( ^3 a- hC)   average number of times a dollar is used to purchase goods and services.
: S& [* D3 X8 MD)   number of times a dollar is taken out of the country during a year.

* i* T* t4 v, q* vQuestion 43
The advantages of a proprietorship are least likely to include:
" n' m( s" j& rA)    ease of formation.
7 l7 K/ y2 E/ q$ u( _B)   simple decision making process.
C)   single taxation of profits.
D)   limited liability.

: I) e% C6 Q% q# NQuestion 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.
  j* q9 P8 H0 `+ W3 }C)   perfectly elastic.
1 t( z$ b) W1 mD)   perfectly inelastic at the price where demand intersects supply.
* [' U% p) T3 k) v- Q
Question 45
Demand-pull inflation would least likely be caused by an increase in:
& Y8 P9 P3 W1 G3 Y$ O! QA)    the prices of raw materials.
B)   the money supply.
8 f7 D# k+ B/ J$ ZC)   government purchases.
D)   foreign incomes.

catherine

答案和详解如下！
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