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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2 c$ {% S M- _
Learning Outcome Statements (LOS) 3 a( I! P1 r# P8 j5 U* F! d' o2 n
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a、 Describe the business cycle and its phases;
* v, x$ y% g4 L: i8 V7 F6 Rb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle;
* g- f# [; X( o/ W) u" ^, Qc、 Describe theories of the business cycle; ; ?9 m2 G% A0 f7 L; r$ `
d、 Describe types of unemployment and measures of unemployment; : R; @- d" g& @5 O
e、 Explain inflation, hyperinflation, disinflation, and deflation;
& w+ _6 v% T4 i3 sf、 Explain the construction of indices used to measure inflation;
# P* v( h" \1 Lg、 Compare inflation measures, including their uses and limitations;
/ [3 Y$ ]' o4 y& K: o- R3 T& uh、 Distinguish between cost-push and demand-pull inflation;
( c) w/ Y$ t. Yi、 Describe economic indicators, including their uses and limitations;
) K0 S5 M6 v7 ^/ ?# f! Jj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;( r% y/ n( x3 N9 c& {0 ~
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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?4 a# y* C! W! X3 V; z( e3 ~
A. Cyclical
2 t1 ^( c! B+ z( M0 Y- PB. Frictional
; ^" y n+ u5 ^1 t% `1 L2 IC. Structural 4 n/ W5 z% I) R6 m
答案和详解，登录后回复可见： " X3 e: u! Z; N7 }( u- j8 M
Answer：A
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8 C! o0 X8 w) {% |" s3 j* k2. 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:
( F5 v0 {8 |4 s- i( dA. increase
m8 N& u: T& ^4 {B. decrease
* p8 j2 t y! B5 }# Q0 D! M. H( z4 yC. remain unchanged
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1 Z m x* ?+ @0 M/ {# @% ^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?, j8 h. A# Z- I b9 T4 g
A. cyclical
9 @) X6 A1 |% D& }8 l# X, ~+ BB. frictional ( S3 F: s3 b' y- d
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:" Z! ]* F' Y& j8 }* N* h* e
A. 2.38%
. {8 E s# t, s; g1 BB. 2.44% F1 @$ n! q5 u) m% w
C. 6.00% 8 g# O4 a8 c7 Y# v3 U
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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:' z) A# ?9 ~9 Y8 i5 x$ X4 x) `
| 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:
% g; B# m8 [: |7 CA. 103.57
. M5 ?. h3 D: VB. 107.00
, q* G2 U3 x+ a. S7 N9 `C. 113.75
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发表于 2016-1-21 11:20:26
发表于 2019-5-20 11:33:54
