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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 % G4 F: q$ g( p; J- M4 F
1 U6 y8 L3 t, y1 x" ^CFA Level I:Economics - Understanding business cycles 精选题和学习要点6 B: i! y9 m# S6 [9 \: f, B
Learning Outcome Statements (LOS) s$ Q0 u: y' r* S0 H$ i
8 }- q/ m9 P+ S" La、 Describe the business cycle and its phases;
1 s; z! U2 e, Mb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; & ~' R3 U9 E" ^
c、 Describe theories of the business cycle;
1 B. B( b, z6 n3 V1 U6 md、 Describe types of unemployment and measures of unemployment; 7 }- }% O- x: E. w& k+ ?; r
e、 Explain inflation, hyperinflation, disinflation, and deflation;
' a! Z, n6 W5 ~' jf、 Explain the construction of indices used to measure inflation; , w' f# c6 W' z b
g、 Compare inflation measures, including their uses and limitations;
5 \8 H) h% V+ p$ c5 p9 Oh、 Distinguish between cost-push and demand-pull inflation; 3 m+ |5 D! B$ z5 s+ c! K/ {! n, U
i、 Describe economic indicators, including their uses and limitations;
. P! i( W/ ]! L; `$ a9 J: Aj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;1 E5 I. A# @2 t% E2 ~* d9 v
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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?$ F3 Y& o1 Q, k: }" v
A. Cyclical , N$ A* u) a( s0 f2 U7 P
B. Frictional
# f8 N& Y! ?4 K4 B5 EC. Structural
" _: j0 ]0 i# k1 `, g$ V! H z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: & M8 V! m3 Q2 g; h) y/ B5 w
A. increase 2 q& O; o1 A! }9 p; [8 z0 x1 Q
B. decrease3 V6 J% w$ H) C+ p
C. remain unchanged
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6 c- ?- w+ t# ^% C4 ~: w) E/ N4 e$ v3. 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?; j0 o9 b! s+ t7 ?
A. cyclical
9 b% G+ a, X* iB. frictional ( `" d, s* c0 h
C. structural - G1 ]& o0 f4 o) A
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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:
- X/ t" ] S) S) c0 \0 vA. 2.38%/ U% }4 o0 L8 {9 ~
B. 2.44% : `0 p7 p* {' n. s
C. 6.00%
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+ [: q0 X, d! i2 u1 b5. 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 J, s+ v7 J
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: 6 f3 ?& Z* F: o' J" i$ i/ Y) _
A. 103.57 ! q/ G: u# s" c; c8 v
B. 107.00
; z' I; i# Z6 s4 _C. 113.75 ' b1 S* a2 z9 U. Y
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