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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 2 ]/ B# X; ]1 ^+ [+ u# b5 A
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点* j( R: I( I! }6 `- |
Learning Outcome Statements (LOS) ' L5 ~- b2 R- u: C
`% A) R$ U/ V: h; f" da、 Describe the business cycle and its phases; 1 \9 `* O4 S! I" ~/ o' v
b、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle;
5 g' n7 e4 I! S- q7 wc、 Describe theories of the business cycle;
0 F- P w7 a$ d6 E+ d" sd、 Describe types of unemployment and measures of unemployment; ' S/ A5 X* i; E. H" G
e、 Explain inflation, hyperinflation, disinflation, and deflation; $ u+ C( h, T* }) k
f、 Explain the construction of indices used to measure inflation; 5 n/ `7 r* G0 I# v L0 Z J
g、 Compare inflation measures, including their uses and limitations; 4 m* N* s4 Q) ~9 H- ?# \
h、 Distinguish between cost-push and demand-pull inflation; : K5 }) i4 V! h" Z& b D, w7 Y. i
i、 Describe economic indicators, including their uses and limitations;
9 E( V" S' p% r( D! l1 J$ x0 Hj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;6 f. H# G- }, g4 O
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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?* } P& Z- l/ d! Q
A. Cyclical # _. D R; i# e3 k1 n
B. Frictional
1 h+ ?1 R: ?3 t6 C1 c" _C. Structural
- [; T; W. h% Q) n答案和详解,登录后回复可见:
' I% Y; t0 Q0 y) }& d# j6 L. gAnswer:A
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5 Z, w* ], l; q a7 `+ I2. 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: 5 J! }1 j: h( J3 |
A. increase ( y$ u5 L5 D9 h% r
B. decrease
6 s5 ?; `2 c) cC. remain unchanged
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, j5 g# e1 j) d' z2 `2 J" ]3 O3. 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?
, m* J! U+ u2 CA. cyclical
. k8 f# K) L: q/ D7 F" V- D' h& dB. frictional ) d& _$ t) V- G
C. structural
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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:
7 `* C' a4 s; I6 n/ I; ^ `A. 2.38%
$ h$ @5 ~: u( c) S! ?7 L4 @B. 2.44% " W' l4 E. ~! t
C. 6.00%
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; f8 U, S# W3 P/ [7 Z* K% f" \* D. D5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:
$ S3 H" A: R1 v1 ]' R" E) \4 l 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:
0 D6 f) F% @$ E* kA. 103.57
: h. o1 N# C- v5 }B. 107.00 5 M( p0 y# Z, }) G! j5 k, e
C. 113.75
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