CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
( j  V+ a% y1 F* w8 sAn 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?
. y& m& {1 K; n) k# nA)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
7 ^) |1 u. \3 K$ W: DD)   Aggregate demand decreases.

1 z8 A9 n' B! d2 J& tQuestion 42
! V5 _4 |8 p6 D$ I3 t2 PThe velocity of money is the:
A)    rate at which the price index for consumer goods rises.
B)   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.
  h4 K, t% d+ K& m/ r* ]' Y
% U& P7 ]! z4 `* v8 _0 hQuestion 43
The advantages of a proprietorship are least likely to include:
  ]' }. e; o) F7 d. d, }# oA)    ease of formation.
B)   simple decision making process.
* ^2 O; C- J/ d2 W4 F" G5 F5 ~C)   single taxation of profits.
D)   limited liability.

& V3 z1 f* M+ h7 T" |. FQuestion 44
- o, w- F2 x2 A0 LIn theory, the supply of a non-renewable resource is:
A)    fixed over a specific period of time.
( S+ Q" _! |' x8 O) y2 M# I" _B)   perfectly inelastic at a price that equals the present value of the expected next-period price.
C)   perfectly elastic.
( M* I. N2 p& w, y" ~& l# LD)   perfectly inelastic at the price where demand intersects supply.
$ {8 e4 y# T# F7 W( }  W
Question 45
Demand-pull inflation would least likely be caused by an increase in:
' ^2 X) }0 @$ d# \/ W' T) K( h) ^& g8 lA)    the prices of raw materials.
B)   the money supply.
' b" t4 J9 C9 B3 h. [9 K- aC)   government purchases.
: L0 L0 e* E: a9 g8 RD)   foreign incomes.

catherine

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