CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
1 ^  I8 i8 ~( z0 rAn 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?
# p* O! v- h# q7 T& S9 R0 z4 R0 j" AA)    Real gross domestic product decreases and the inflation decreases.
; A" ^' M- t7 f; l7 d) Z1 }B)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
: e. i) b) F5 x! `D)   Aggregate demand decreases.
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Question 42
The velocity of money is the:
1 M" t. |, R- P2 ]A)    rate at which the price index for consumer goods rises.
+ ^$ e: Z" m- Y) F5 c. dB)   output expansion multiple of government expenditures.
C)   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.

; w1 _9 K* @* R4 b  l  h! RQuestion 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.
D)   limited liability.

8 k  j) z" P4 r- r. f# nQuestion 44
In theory, the supply of a non-renewable resource is:
* }4 R- x8 h) \  KA)    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.
D)   perfectly inelastic at the price where demand intersects supply.
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Question 45
Demand-pull inflation would least likely be caused by an increase in:
A)    the prices of raw materials.
B)   the money supply.
; O! ~! \* H2 e- D2 pC)   government purchases.
D)   foreign incomes.

catherine

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