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CFA Level I:Economics - Understanding business cycles 精选题和学习要点
) P" w9 s' D9 ?Learning Outcome Statements (LOS)
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6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.
8 x- ~, @. M" J+ Q( D| CPI this year | 267.54 | | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to: 0 p6 W- O6 e' ~( D
A. 2.35 Z& [0 g. ]1 j5 j3 }
B. 2.38 . b6 i4 e8 j: A: h0 X' Y
C. 2,41
, T- h: O& `! U% [' s7 ~0 e答案和详解,登录后回复可见:
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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 $12 each. The CPI for the current period is closest to:
3 c* |+ w% g- x3 @- ^+ f7 b$ ^A. 107.81
8 I2 g2 s. h7 }. DB. 114.58 ' S: g! t' p: E/ r- N
C. 117.97 1 b" i' |; Z' o5 o
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}- ?/ `/ ?, z+ E; x/ P8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as: ' U' m8 X8 u! c- A: d
A. Cost-push inflation 1 P$ f K9 G9 C% E
B. Demand-pull inflation
5 Q; M& F- \: Z7 \9 ^C. Monetarist cycle theory 6 B& N- y5 x8 \$ F( T% i& n9 d$ n; ]
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9. The most likely initial (short-run) effect of demand-pull inflation is an increase in: ' l1 P( p: H# Y
A. The price level and a decrease in real GDP
0 Q1 R ~# x4 c# D& j' Q7 \. J- K9 KB. The price level and an increase in real GDP
. n. k7 L" \5 IC. Government expenditure followed by a decline in the quantity money . y7 j$ @( e: K, d2 U+ O0 g* _
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10. Which of the following will most likely lead to cost-push inflation? 8 \; w& E& j7 {8 \( J% K8 q
A. A decrease in the cost of financing
& K7 a- ?5 W6 ~' b' @B. An increase in the money prices of raw materials
- c l: A; @+ bC. A technology change that lowers production cost ' U' G* G( M" ]
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