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CFA Level I:Economics - Understanding business cycles 精选题和学习要点% F1 P. N8 K2 f- z/ [( M+ \/ ^- N2 h
Learning Outcome Statements (LOS) 5 l8 Y. d d# O/ b+ }( W
& i1 ]' a. ?9 M1 r5 |* L6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.
+ ?2 m9 a6 T, y/ T3 d, ^| CPI this year | 267.54 | | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to:
# r. q) z! q, R5 P! C8 |A. 2.35 $ M5 k' b) W" _; o8 \
B. 2.38
9 O- [8 r: B4 d) L) z/ XC. 2,41 ' E& ]. H% {) Q& F- l
答案和详解,登录后回复可见: : P: n# [" l" I7 k/ X
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 $12 each. The CPI for the current period is closest to: ' B& W6 o) q9 j2 o
A. 107.81 _' i- j& }* D, k
B. 114.58 * l- K# i1 z& d7 M* H) J
C. 117.97
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8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as: ' p. D0 t0 j: @' @5 k5 A
A. Cost-push inflation 3 ~. M1 ]9 K& G
B. Demand-pull inflation 6 ]3 c- ~" m* ~
C. Monetarist cycle theory
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* [, c) ?0 p$ u) f9. The most likely initial (short-run) effect of demand-pull inflation is an increase in: % i4 u8 M7 @* }; z
A. The price level and a decrease in real GDP , W3 @2 K/ f, _
B. The price level and an increase in real GDP ) h# c. ~% L% R+ l- M2 w- ?
C. Government expenditure followed by a decline in the quantity money 7 s: ^; w3 B' W4 _
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10. Which of the following will most likely lead to cost-push inflation? * [+ G& p2 F( O# e5 N
A. A decrease in the cost of financing 9 z! n' f$ c r7 G7 G( _) E+ _) T
B. An increase in the money prices of raw materials 6 F; I! a3 |# N ?% U9 e) F
C. A technology change that lowers production cost 1 n) Q% K3 V+ j9 V/ g1 x5 z
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