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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 ) j: _" b6 y* }$ R
$ k/ H. C$ s" K$ wCFA Level I:Economics - Understanding business cycles 精选题和学习要点
% }3 _) E* f# y/ JLearning Outcome Statements (LOS) * _' B' q( @5 g3 F6 ^6 M) i9 R
4 P" @0 K+ s, ia、 Describe the business cycle and its phases; $ M$ I4 p/ L: D, J) k
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;
0 ~8 f5 Z% j8 f, B' Sc、 Describe theories of the business cycle; 6 u" r/ @" q3 n
d、 Describe types of unemployment and measures of unemployment; 1 u; X! u9 c) O
e、 Explain inflation, hyperinflation, disinflation, and deflation; , b! Q7 }/ `/ c; a6 ~9 i( A
f、 Explain the construction of indices used to measure inflation; # x. C7 X, ?8 `5 W7 ]; u
g、 Compare inflation measures, including their uses and limitations; % t% _/ k! q- P/ I3 \" w. E9 ]
h、 Distinguish between cost-push and demand-pull inflation; & U, ]. Y" [, V1 G
i、 Describe economic indicators, including their uses and limitations; 2 w o1 w& ]: G$ j. l; v
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;9 N- L% v. l- y3 C( t" ]
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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?1 L- Z9 l" f$ f" m" r) k4 o
A. Cyclical
6 Y \ s9 K8 [0 u! Z( \* o3 u( kB. Frictional / I; f8 ^9 c |. ]( Z5 z% z
C. Structural
7 B4 _! U2 _7 k9 J; S0 z( v答案和详解,登录后回复可见:
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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: 4 D$ `; A0 G" s0 b! W, A2 ~' Q
A. increase $ q6 N ^# c2 b- O6 Y' Y
B. decrease8 L1 p" D& A0 g& q" i8 V9 g
C. 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?
% }1 U9 Y) I% Q+ RA. cyclical # U, `. M, @" u k4 A9 a4 t- n
B. frictional ' N/ Q1 \9 V7 c7 Y: W$ H
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:
6 F; j7 p! z, V* T( \; nA. 2.38%
3 G/ k1 F! E+ g3 EB. 2.44% 0 U# x. _( @# K
C. 6.00% q' i) ~& e! M2 k$ a$ L
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6 S# x z: }- P# n5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:
* [5 O, w* H7 t4 ^2 D: K+ u1 D| 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: ( C* R) @8 O) U V2 q! T* N0 k
A. 103.57 & N" ?2 |7 M1 S0 }$ [, W9 A, K
B. 107.00
5 ]+ D7 L8 z% tC. 113.75
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