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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 3 W; ?5 w( y& K' G/ l' J
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点- l1 v) l3 T& f/ H6 f
Learning Outcome Statements (LOS) 8 i" }0 M3 r' E+ g7 F
, Q, F% @5 e* i6 i @a、 Describe the business cycle and its phases; % K2 q/ _) {& ]6 b* @& G
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; ' t4 w: Z* \ y8 X( `9 |
c、 Describe theories of the business cycle; - d( X" V$ `4 J* Y8 j+ {# @, P
d、 Describe types of unemployment and measures of unemployment;
$ S' a9 r+ U7 d% a! c& f) ~e、 Explain inflation, hyperinflation, disinflation, and deflation; 8 H5 d D( p1 U5 T% i, h7 F5 }4 l
f、 Explain the construction of indices used to measure inflation; ' Z) \+ T: J, _2 ^5 a
g、 Compare inflation measures, including their uses and limitations; 2 D% }; X5 ^5 }7 T, f
h、 Distinguish between cost-push and demand-pull inflation; * ?6 }9 \* `. k
i、 Describe economic indicators, including their uses and limitations; * Z% r4 b# Y# T9 j, g8 x
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;3 v T9 i- B3 X: c' ?. z
6 A( m9 \. @" H$ y! @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?/ \5 T9 P+ {7 t# h0 z
A. Cyclical 8 r% J6 p( y ]( i$ J
B. Frictional 0 d6 |6 H: d5 D
C. Structural
3 I; ?7 R; Y) H$ u/ {; j答案和详解,登录后回复可见: - F4 w9 D$ F, u- y& {
Answer:A
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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: . e9 c, }/ x+ \$ Y+ }1 p9 s
A. increase
- w' S/ B' y1 L1 DB. decrease
" X! B! w6 y# {2 g- Z) `C. remain unchanged
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# T# @ q' N4 \/ e) }. k: s5 P3. 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?! L: _, j* d4 V" B! v; P0 o! }- ^
A. cyclical
2 ~: G: J0 d3 k4 z7 e jB. frictional
; V: x4 Y( [! r# w* eC. structural
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/ a+ m5 f% d- a: o1 ~4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:) G, u: |3 ~, O8 `7 { I$ i( m
A. 2.38%
0 I5 l, p+ a# D( jB. 2.44%
\; e" y6 ?+ F& qC. 6.00%
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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:( H0 f9 r }8 [) `. |
| 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: % w) r/ \+ Q4 w' t8 h! c
A. 103.57
' C/ o1 s8 G* X/ _B. 107.00 5 E) V; q* V( y2 i
C. 113.75 2 N$ x; i4 ^7 @- F7 H
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