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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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CFA Level I:Economics - Understanding business cycles 精选题和学习要点, c4 |& d, |* v3 P; F
Learning Outcome Statements (LOS) ! |2 F( P9 ?, `; U
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a、 Describe the business cycle and its phases;
, L( g, ~, w+ g& e( Q# B Ib、 Explain the typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle; 1 O5 L+ ^! O( }1 J0 |0 \+ ^# M
c、 Describe theories of the business cycle;
0 {* o; L/ X) Z, y: n7 \1 rd、 Describe types of unemployment and measures of unemployment; 4 B6 v, J' x# s
e、 Explain inflation, hyperinflation, disinflation, and deflation; , h9 c( p9 ]. }0 L9 f$ S3 s
f、 Explain the construction of indices used to measure inflation; - s) y4 q6 T1 a8 c# d
g、 Compare inflation measures, including their uses and limitations;
7 x6 l; f5 r/ M$ R Wh、 Distinguish between cost-push and demand-pull inflation; 3 g" O! J4 V/ U" N; p6 N+ I5 d4 a4 h
i、 Describe economic indicators, including their uses and limitations;
& n9 a/ G* m! e3 d8 [+ S5 Z0 D( m' Xj、 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?5 Q3 g+ R; Z! N
A. Cyclical # q; [- w# t5 |5 q0 Z7 Z5 O3 ?
B. Frictional 6 F* S; m: z5 t- M% E8 D U& ?+ ]
C. Structural
7 m* p( {* g4 c! o/ ?( V答案和详解,登录后回复可见:
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; `7 }# W2 D! u& J! f! m2. 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:
Y. g$ @- F" i. f7 eA. increase # Y& x& _) x6 S' X7 \) n: V) g
B. decrease
O n$ S4 ~5 Y3 C1 hC. remain unchanged " o. |. k8 K# c0 |8 w/ @3 K5 j
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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?
7 l! Z' {% g8 Y1 }/ X! o/ |A. cyclical / U! E1 q6 B2 y
B. frictional i& |' w; S9 ?) A+ y
C. structural
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" V( ?' S- K: D3 H6 r4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:: c# t: p/ @. o: y
A. 2.38%# T; S( {4 A' E; K' ?
B. 2.44% % E: s) J+ k- Q: ~% {
C. 6.00% 8 S- c- I ] S8 Y4 @
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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:
* ?$ j& m* B1 L! T7 b| 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:
4 l+ @+ Y8 d' W5 c+ s/ AA. 103.57 ) j* k, ]0 c0 k5 Z
B. 107.00
, {: T3 [. g, n' x8 qC. 113.75
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