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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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% b% y( R3 |5 Q3 X0 I$ |CFA Level I:Economics - Understanding business cycles 精选题和学习要点
: l# c/ V8 p! YLearning Outcome Statements (LOS)
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" r& Q" x9 m& ^" D# r; E( za、 Describe the business cycle and its phases; 1 E! b- v! n, {+ \5 M1 G9 F
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; : S# r; E9 ]% ^! D
c、 Describe theories of the business cycle; / ?# S: ^& @( R5 u3 }" F
d、 Describe types of unemployment and measures of unemployment; 6 d& ^% n3 v, ^/ T5 X7 x3 C% i! i
e、 Explain inflation, hyperinflation, disinflation, and deflation;
+ }$ x3 d6 q2 L2 F; |f、 Explain the construction of indices used to measure inflation; @. X. g; C: Y& \ W; A0 x
g、 Compare inflation measures, including their uses and limitations;
3 U* x8 |8 ^! y1 A% |1 Zh、 Distinguish between cost-push and demand-pull inflation;
) I0 V: H' ] k$ A; x3 di、 Describe economic indicators, including their uses and limitations; # V' G- _# Z# N; T
j、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;
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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 l7 L! F0 z1 u/ |& _6 n
A. Cyclical $ e; ?. e4 M6 g' |: z$ o% L
B. Frictional
( W ]+ q" T* Q5 X0 F4 y6 zC. Structural
$ W+ @4 m% S5 a% `2 `) Y答案和详解,登录后回复可见:
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, j0 O$ O: j7 C( y' w0 B/ N' O2. 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:
1 P+ ^8 z- K& oA. increase
; _/ v: w) {! ^0 ], j. qB. decrease! j: l2 b- I% g% @' P3 V
C. remain unchanged
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. V" \2 K4 m7 D7 {, t9 I. N3. 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?5 B) |# M! z# S) u
A. cyclical # e9 u7 p: O0 d# _! W1 P
B. frictional * h/ n0 n: s1 [, l: E. a: i
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:, W' q: [% G* I M: G! {
A. 2.38%
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C. 6.00% 0 `- _2 K) E3 s& A, C& z
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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:
* I" M9 ~; {2 T9 Z7 Q; Y2 z 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: 5 ?0 w7 R% }9 J
A. 103.57 6 {& X+ ?4 [. F: m
B. 107.00
3 |: `8 {; D; EC. 113.75 / l) t2 L6 S5 {- c% ^ P* ^
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