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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
$ S9 D, F, p3 k3 p! i( FLearning Outcome Statements (LOS) " e4 a3 M" j% O5 y# e
7 K* M8 ?4 e: j4 i* x' i0 x6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.
% P; {9 ?" Q- O+ |- y! N N' K3 [1 y CPI this year | 267.54 | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to: ( s2 D3 d6 i1 n* n6 G
A. 2.35
& H N6 c7 G' }; |: GB. 2.38 . x5 C' D' T6 ^7 I6 U9 r+ e
C. 2,41
( [0 f( M+ {* P) O, m( q答案和详解,登录后回复可见: 5 S' q# k; r* ?4 l
Answer:C
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7. Suppose the CPI basket contains only two goods and services: oranges and haircuts. In the base period, consumers bought 15 oranges at $2 each and 5 haircuts at $10 each. In the current period, consumers buy 15 oranges at $1.75 each and 5 haircuts at $12 each. The CPI for the current period is closest to: 9 Y- J- \# C5 \/ i: K" ?- z
A. 107.81
2 l& Z0 g' I5 T% lB. 114.58
' Z8 B5 H: H% p+ l2 S% KC. 117.97
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8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as: ( P8 M% \* y( w# a7 D. S! p3 d
A. Cost-push inflation - y2 i& E! `. P1 x1 H8 t$ F- L
B. Demand-pull inflation * C7 d; z! A' ?1 q4 F! K
C. Monetarist cycle theory / a. k4 y( ^8 `
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- n, D) L& `6 B: M T. w/ p9. The most likely initial (short-run) effect of demand-pull inflation is an increase in:
% O3 o: J0 N+ A# j) z! o, @5 LA. The price level and a decrease in real GDP
1 t% l5 c7 ]1 R& |3 FB. The price level and an increase in real GDP
# q% u) _, M' _. Z, s$ V0 a5 d: jC. Government expenditure followed by a decline in the quantity money ! O( Z( N5 |7 `; {4 t3 A( m6 G
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6 V) s8 M- n+ ?) x) k, }10. Which of the following will most likely lead to cost-push inflation? + {. e5 ?! ]( q( N: B- Q9 H. n( T
A. A decrease in the cost of financing ' E! T9 Q' j$ v8 v( ]
B. An increase in the money prices of raw materials
4 L; X' k( t$ x# f9 m" R7 K' P- A8 E sC. A technology change that lowers production cost 3 y. P9 C; A! y
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