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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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5 @7 q3 S O; MCFA Level I:Economics - Understanding business cycles 精选题和学习要点
0 H, t; V. d! I; lLearning Outcome Statements (LOS)
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a、 Describe the business cycle and its phases;
) n- x$ @7 @1 Q* F3 ]+ l& Q# nb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; 6 m4 n9 H- G$ [5 L7 t4 `# T
c、 Describe theories of the business cycle;
' D; @4 _" F& D" a5 F9 jd、 Describe types of unemployment and measures of unemployment;
( R7 c8 M; I9 p% n# T7 Te、 Explain inflation, hyperinflation, disinflation, and deflation;
! V* h; C6 p3 Sf、 Explain the construction of indices used to measure inflation; 4 D5 c- [$ m! d# [7 l& S
g、 Compare inflation measures, including their uses and limitations; - T( a; Z' C3 J
h、 Distinguish between cost-push and demand-pull inflation;
2 W: P9 W& k3 ~* c: \i、 Describe economic indicators, including their uses and limitations;
" h( S; e" l1 B0 ]8 Cj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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2 t# B8 f6 f9 d8 v0 g6 T. n; y" r( L8 [7 B1. 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?
( _) N6 I6 }8 \4 L* j5 o/ B# hA. Cyclical & Y: T5 X6 F5 J# C" Q
B. Frictional
3 F- ~/ ~' [) g' ]# K- }4 V0 tC. Structural
; L; k a/ B* Z/ j. m6 V答案和详解,登录后回复可见: $ y& l2 `2 h$ }4 _. E# A1 W
Answer:A: [: u W# ]' w9 N# i% X
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5 y( ~5 n* |/ s f! i2 l2. 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:
' t y3 j: G. q! d( xA. increase
- \: T! h5 P4 }. j yB. decrease
# F$ }$ ~* y% f* |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 d) u8 ~! I5 C
A. cyclical " l* N. Q" e+ p
B. frictional : i* v1 P& C9 T; u8 ?: S2 Y, m
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:) m' q! p" @ s) G( c
A. 2.38%& J4 |( r9 c! m6 L) S# E
B. 2.44%
G( U4 S' ]1 z( E: U# rC. 6.00% ) t' }6 [& T( Q" b$ Q8 g& c& G- l
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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:
9 ^/ ` u, s$ J, Y" j) 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:
8 v1 n' U/ s8 }! M, ]A. 103.57 : l. Z( L. v, i. v/ i# c0 j
B. 107.00
, N- M! W2 k# f1 ^/ j8 uC. 113.75
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