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本帖最后由 一起学CFA 于 2016-1-21 11:22 编辑 0 k1 m7 W" [! M9 @. r
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CFA Level I:Economics - Understanding business cycles 精选题和学习要点' @. b% m! E/ B, N3 b# y4 i
Learning Outcome Statements (LOS) f# ~& T- U9 n8 x$ U# C% n
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a、 Describe the business cycle and its phases;
, [7 ~+ H0 C& S0 Q7 X4 ^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;
( S1 p% F7 R/ t7 S8 ]c、 Describe theories of the business cycle;
' h* J( B/ J0 l# cd、 Describe types of unemployment and measures of unemployment;
" L! I f- x1 Z4 i& X- {0 H. O, De、 Explain inflation, hyperinflation, disinflation, and deflation; # [) ^' v( ?/ u
f、 Explain the construction of indices used to measure inflation; % X% [+ c" b2 e* A2 {- ?* v
g、 Compare inflation measures, including their uses and limitations; I C* a' h4 h% W% }. P- d
h、 Distinguish between cost-push and demand-pull inflation; : m `# V- s6 r# O) F0 L6 F
i、 Describe economic indicators, including their uses and limitations;
' u# i4 l' ] H( X. f# u+ Cj、 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?
. c/ ~( v( E. k$ W* \8 v! nA. Cyclical
- k, H8 M: C: ?; a4 E: Y. NB. Frictional
6 e q' y2 l/ E$ @- m$ CC. Structural s+ l5 g/ d9 ~
答案和详解,登录后回复可见: ( h- A; Y* J6 d5 V: P8 h/ A
Answer:A1 c A7 D. i6 U$ X
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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: ! ?6 v/ B- i* l* K k# P0 z# I: h
A. increase 5 Z6 Q9 @5 q+ J; J: M: r. w5 ~
B. decrease' G0 [3 Y0 ~3 l* z! l
C. remain unchanged # F2 Z4 D# e8 ?, X' W/ @
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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? |4 j/ f7 L3 Q0 x5 p3 c8 C
A. cyclical
5 \9 L; M2 q# `) i9 U+ v5 kB. frictional
$ ^" D2 j5 z, ^1 n9 M3 O$ YC. structural
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- b9 }" ^% `+ |2 \3 P4. The consumer price index (CPI) this year is 252. The CPI last year was 246. The inflation rate this year is closest to:/ M: u& u5 s9 ?' M" ?2 E$ h9 p' N
A. 2.38%
: m4 z0 l; N; y2 MB. 2.44% $ S% Q3 q. j" m$ Y3 L5 \5 A5 O
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:
# ^& _7 W) W, s1 E5 ~/ V9 c| 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: # { Y" ~% u s \) i( Y
A. 103.57 / @/ R1 }' E! t
B. 107.00
% J* {: N/ C' ~* `3 m8 PC. 113.75 + e( k% U0 a5 ` v0 {
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