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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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$ }, M# m; r6 I0 y2 pCFA Level I:Economics - Understanding business cycles 精选题和学习要点
7 F' p, X D( B" L& O! _* pLearning Outcome Statements (LOS) t5 L. E0 K7 D2 j j# E p3 n% p
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a、 Describe the business cycle and its phases;
" ~: a m" {1 u3 Bb、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; 9 {6 `7 C2 U; J4 H
c、 Describe theories of the business cycle;
1 d: a! ^9 F8 j9 Gd、 Describe types of unemployment and measures of unemployment;
6 A7 W1 b8 q" v* D7 {8 Ie、 Explain inflation, hyperinflation, disinflation, and deflation;
& j9 w0 m, q2 \" n, Y; qf、 Explain the construction of indices used to measure inflation; 3 O+ t6 P2 y+ W* I3 x$ K
g、 Compare inflation measures, including their uses and limitations;
r+ d& I+ R8 s+ Ch、 Distinguish between cost-push and demand-pull inflation;
* E! m" N) G& e/ Ci、 Describe economic indicators, including their uses and limitations;
* `4 w: s( d4 _8 ^% o- Nj、 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?
" b4 E* E/ o! v0 _A. Cyclical " P3 f a# U# }3 ?- Q5 d
B. Frictional
$ s/ V9 [, E, e D) EC. Structural 2 k- ?8 ^" K, k1 j6 [. r. x
答案和详解,登录后回复可见: 2 [% X7 \# }+ L
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: % [8 _1 t5 e/ l$ g. i1 f6 y
A. increase 1 @' q+ i0 B$ s3 W8 u8 p
B. decrease
, g) c2 A# W* d/ z9 G. P" JC. remain unchanged ! ], e- h- M& v
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! a0 t! P* [! S/ i' X$ }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?! w# T' n7 G c& r
A. cyclical
. L" \+ S, E6 T+ t- J' z. DB. frictional P& A X; M0 [2 t8 G5 W/ n
C. structural + t$ x# r! I' m$ c* N7 ?0 S
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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:- O( b/ @+ l4 m: F9 A8 k# J# Z
A. 2.38%
' u& h- U0 e' ^( \( r7 J3 NB. 2.44%
) ?) N; {6 |2 hC. 6.00% ; B5 N: u3 g; n
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0 X- J" p( O9 L+ m5. An In a simple economy containing only two goods -- apples and shirts – the prices and quantities in the base period and current period are:* ~! F( \0 ?# U6 G
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:
* w7 A, S3 O1 V5 F: j6 l& X/ S9 |A. 103.57
. n5 y; G/ }" v MB. 107.00 9 `( F! H) s' A: m/ o
C. 113.75
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