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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 3 e) M/ t" \) j4 m" r+ x- w3 G
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
1 A; ~% b9 v: h+ X" \2 P8 D, lLearning Outcome Statements (LOS) " r! Y3 L! l; w
# ?, c) ?! P. La、 Describe the business cycle and its phases;
- y0 a& R4 _, Q( i4 r* d7 ub、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; ( S7 b$ G( d. S5 E1 ~: [* G5 S
c、 Describe theories of the business cycle;
. i# Q2 V! P3 F w1 b3 q7 A8 [d、 Describe types of unemployment and measures of unemployment;
0 A! W; O) Q# F( N, T3 s: t! S4 Ge、 Explain inflation, hyperinflation, disinflation, and deflation; 7 d- c: t) W8 I4 l; ~/ t$ u5 R- }/ Y( }
f、 Explain the construction of indices used to measure inflation;
. t9 E! O( } Z* a4 E* Xg、 Compare inflation measures, including their uses and limitations; ( c- r7 S5 M8 J( R) @' t# T
h、 Distinguish between cost-push and demand-pull inflation;
5 z7 P- W' |$ x c# `, gi、 Describe economic indicators, including their uses and limitations;
3 H; I, M+ R& x; g" D# q8 Qj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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1. Government policies to stimulate an economy suffering a recession and designed to reduce unemployment in the short run are most likely directed towards reducing which type of unemployment?6 z) H) I. T% W, ~
A. Cyclical
3 g9 `4 P- ^' [4 l/ E' {; \B. Frictional / g! o3 e' J0 x* X; T
C. Structural
7 e* a2 Z! V/ y8 ], r* [8 Q答案和详解,登录后回复可见: 3 D9 x' h0 Z/ B& u. q" C! M
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# C3 \% | z" B1 C3 _1 b2. Holding the working-age population constant, if the labor force participation ratio decline while the number of people employed remains unchanged, the unemployment rate will most likely:
{ @7 A8 j8 m0 s+ pA. increase & ]0 O/ ?+ t6 ~8 l3 [/ a' R
B. decrease
4 z4 y% R; D0 @% B3 D' iC. remain unchanged
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9 ?; R5 a+ v8 l* R3. Which of the following types of unemployment is most likely to be associated with an economy in which many workers have been made obsolete by changing technology?- _0 w4 ]0 G u
A. cyclical
g0 w( a0 {& d# C) ~+ uB. frictional
! P5 N, y: O, U( j. fC. structural 5 n2 m4 P! X: f( C# P \" C! o
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4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:
, K# z% s$ n$ A7 w# H' hA. 2.38%+ X# |* ^5 y1 \$ M6 ]
B. 2.44%
& s# B m" D- _3 N, t( e+ \5 RC. 6.00%
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5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:
1 \& n" D$ x; v; O8 M) e Y Base Period | Quantity | Price($) | Apples | 25 | 1.00 | Shirts | 5 | 20.00 | Current Period | Quantity | Price($) | Apples | 25 | 1.25 | Shirts | 5 | 20.50 | Assuming the base period consumer price index (CPI) = 100, the CPI for the current period is closest to:
# a# N1 o; u& x8 |* I- DA. 103.57
" S; E8 y" e( T H4 x3 }' ]B. 107.00
& F5 M/ v/ b5 b% I0 t8 bC. 113.75
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