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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点0 \7 B- N6 L# ~9 y, g: G/ K+ P
Learning Outcome Statements (LOS)
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. r. _5 b3 g" q( @) ia、 Describe the business cycle and its phases;
: s4 B8 y4 `. y. [- m' Lb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; ' L7 V0 }: j: k* H, u2 P+ o$ l
c、 Describe theories of the business cycle; 3 Z' I) f# ~+ ]' A5 [7 ~
d、 Describe types of unemployment and measures of unemployment; % H- h4 ]% I7 e% ?* Y1 b
e、 Explain inflation, hyperinflation, disinflation, and deflation;
1 v' w l7 u* J; c% \f、 Explain the construction of indices used to measure inflation;
& t! S1 I4 l- j: q* G1 p$ ~) o3 Wg、 Compare inflation measures, including their uses and limitations;
0 Y0 H1 E1 H1 [' f- w! Gh、 Distinguish between cost-push and demand-pull inflation; ) [( j% r W! k; f, p
i、 Describe economic indicators, including their uses and limitations;
% L' B% |$ t/ H8 xj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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: I* N4 U; F8 p+ E) H1. 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?
2 W! u0 ~/ s. E; @0 yA. Cyclical # c4 Y7 m; C4 e& h; y( h9 |. `
B. Frictional
% {: N0 `, X$ [# EC. Structural
8 ]* u; G' R* y9 T6 l$ b答案和详解,登录后回复可见: 9 g8 i" H G1 G* \' R
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2. 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: ' }" o; o1 w# i" e d2 N- d
A. increase
) R6 E( z; k) F1 \+ e! @ MB. decrease
) `( \5 v; R/ S, S, J# BC. remain unchanged
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3. 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?. n5 Q% K8 F" e5 S
A. cyclical
& P) D! Z D2 o8 d( `B. frictional ! I- `% f* G2 f+ o% u$ y( B
C. structural ) p' M& f4 B; q( L9 I- {+ j% n6 n
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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:
' y) L6 G z* m/ AA. 2.38% t3 U3 b# o" `" @2 h; _
B. 2.44% 9 r2 Y8 ]5 K, W# ?9 m, j7 G
C. 6.00% 9 V& O& G6 V. ~6 l9 \! T4 s
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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:
: b& v& z3 A, K8 c2 `; o+ ^) 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:
- `3 D$ R; Z+ v& `" D. j. @A. 103.57 : p+ Y4 H* Q w* l
B. 107.00 0 m' ?7 a$ K0 K2 n
C. 113.75
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