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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 " ^, u% c+ j' _6 O" A( q
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
8 z: w2 V! S9 z7 n! X. M' o$ lLearning Outcome Statements (LOS) . ~6 {' e0 t$ V
- ^) c1 E. A, b! `0 f) ~a、 Describe the business cycle and its phases; / F) t! M9 Y9 w. W& D ^8 Y
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; ! _8 M: j2 L: u3 Z9 k3 b
c、 Describe theories of the business cycle; 2 r/ I! _1 v d0 v- m) I# X
d、 Describe types of unemployment and measures of unemployment;
( [: m5 [+ U8 I2 b( G6 Ne、 Explain inflation, hyperinflation, disinflation, and deflation; 5 X' s7 A6 _- L
f、 Explain the construction of indices used to measure inflation; ! P" {2 W3 i$ b3 B
g、 Compare inflation measures, including their uses and limitations; 5 y3 E, G2 F1 E9 u5 o+ o5 x& e
h、 Distinguish between cost-push and demand-pull inflation;
/ ?! u2 n4 B9 o+ q7 b! d/ Ti、 Describe economic indicators, including their uses and limitations;
3 U& T0 G# I4 T: }# Hj、 Identify the past, current, or expected future business cycle phase of an economy based on economoic indicators;3 N0 g' U: E& I9 }: F
5 L; e2 p6 M/ J! P! C% |2 F1. 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?
5 Z6 }9 m7 Y3 GA. Cyclical
; g# J" o5 ]8 RB. Frictional 0 ~- x5 [0 @( m! g6 V
C. Structural
v; n. a ]( s* V答案和详解,登录后回复可见:
+ U6 r$ b% M4 [, n J. IAnswer: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:
. F6 j3 G- D' }0 v/ Q# D6 QA. increase
6 v( l, F- n% y6 mB. decrease7 u2 F! f0 q6 n! y. P2 H3 o9 {
C. remain unchanged 0 s c" d- H* T* H6 z: R
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. S( A1 w3 T, w$ J0 V1 ?+ h' 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?* X; X7 v3 F, z3 Z: j& E3 R
A. cyclical ; g2 X7 h: c9 B- H; }6 p
B. frictional
( T; n0 \. D g: c d- e3 c( @, Q+ vC. structural
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5 t0 q" z/ A# S" o! j: ~4 ?4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:; U! \: K! ^5 Y2 v8 @9 n6 [
A. 2.38%
z& R! C1 G0 Z; ?5 l/ o! p5 IB. 2.44% 4 [* O- F% w6 Z
C. 6.00%
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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:
2 A3 Z; x( H: j3 s 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:
* l7 \( F: S6 y3 W. [8 TA. 103.57
. [! @# `) R. c4 W; a+ FB. 107.00
, [+ h7 J [9 x e( z, ?9 ]C. 113.75 7 Z5 \2 s r M
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