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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 " t) n5 r" k: Y; b) H* ?* M3 S
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
9 u% \4 C/ T; T5 [6 ULearning Outcome Statements (LOS) # x0 a$ E1 o5 A
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a、 Describe the business cycle and its phases;
/ }8 ?7 X& K# f1 K' tb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle;
( N7 ^! |- S& O1 s8 A! [3 uc、 Describe theories of the business cycle; 9 ?, ?0 U& O" a* I. a. |* ]
d、 Describe types of unemployment and measures of unemployment; 1 Y" d S5 B+ q3 V( h
e、 Explain inflation, hyperinflation, disinflation, and deflation;
! E& q) g: k7 Mf、 Explain the construction of indices used to measure inflation; ( A7 A0 v2 \% N* \$ q3 s2 t0 p
g、 Compare inflation measures, including their uses and limitations;
/ G- q7 |, H" b2 {% rh、 Distinguish between cost-push and demand-pull inflation; ; C( p3 P. p, l& q! p1 F! v
i、 Describe economic indicators, including their uses and limitations; . \/ K# \2 \1 n: O$ q: ?# L; _
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators; ^7 F7 F+ P$ h, H5 |; `! P
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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 I" Y& L2 d/ T8 qA. Cyclical
- ?9 ?' u2 X4 L; y3 y; _* ?6 lB. Frictional
{3 Y) A, S/ V2 ]2 @; ?- H+ v* OC. Structural , ~+ G3 t5 ?+ r$ d- |
答案和详解,登录后回复可见: ( A' O8 O* E9 c! z+ _1 N
Answer:A! K$ `3 r$ \& t& I* `7 @6 O$ J. x
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$ Z$ b! h0 F/ ]* _: Z; b) f% M2. 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: % s; N1 G! v4 p5 i. g1 ~
A. increase 6 Q" E. r/ ^' F; x* |2 c- A! f1 q
B. decrease- B4 k& X! r; z
C. remain unchanged
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5 n. G: _: c7 U k7 Y0 d3. 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?
/ U5 z0 d( c S+ c% C2 ~$ \) ]A. cyclical
& o h% S" I6 FB. frictional
2 b- [" M# }5 `1 r+ o8 z) Z# rC. structural ' {8 Q' e |( e; I1 a# Y
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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:
/ v5 ~# f9 W3 }, T& j$ h1 R( {A. 2.38%
7 |, {( n1 x7 k/ d( [B. 2.44%
" l% ~3 g% _. A7 NC. 6.00% & j0 s, m! S1 F3 r8 a" S6 y5 g. I
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' a: X4 f. Y; v2 k) A+ g5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:. Q L! R9 Z1 R3 N: H
| 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: / b) ^- n) F6 l$ B" T
A. 103.57
2 o, D4 }( V# oB. 107.00 " m0 r* F' n4 i [0 u
C. 113.75
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