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CFA Level I:Economics - Understanding business cycles 精选题和学习要点5 z& }2 t3 B1 B. o! n _6 x
Learning Outcome Statements (LOS) 0 `. I5 U+ ~; Z3 {" n; W }; T4 X
1 M/ M# r8 G4 Q: }" b1 D6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.% _8 C: q2 Q% @2 r
| CPI this year | 267.54 | | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to: ) ^! C6 D4 x& L9 ~1 m& Q
A. 2.35
' V& p) w( f+ eB. 2.38
% ?7 B6 p5 F' F2 @C. 2,41
) b! m H6 X [' `" w2 C答案和详解,登录后回复可见: / H2 N- _3 y- V" Y! q7 u6 r7 m
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 $12 each. The CPI for the current period is closest to: " r2 K# q: \' k
A. 107.81 - y/ |/ U& N& C) a5 r
B. 114.58
0 m8 g. `$ S: m. yC. 117.97
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' u) t9 N* ]$ |- M, Y% Y$ E, |8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as: ( B. {7 E# e3 r9 V
A. Cost-push inflation
9 ?! X8 O) g+ d- X% k. i0 X1 |B. Demand-pull inflation
6 x9 }$ `8 s+ p! OC. Monetarist cycle theory . `$ z7 l3 h6 W
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9. The most likely initial (short-run) effect of demand-pull inflation is an increase in: : q( A6 G3 q7 ?
A. The price level and a decrease in real GDP
1 O* u3 o1 l7 a8 L- j, m4 D7 VB. The price level and an increase in real GDP
1 r5 q" i$ n9 H, SC. Government expenditure followed by a decline in the quantity money % E+ G) g" g; Y# Q3 K9 f2 E
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10. Which of the following will most likely lead to cost-push inflation? ; r5 \5 [5 b1 ^1 \
A. A decrease in the cost of financing
7 S6 Q$ `. p% M( LB. An increase in the money prices of raw materials ! i- F+ N" U) v1 k( k
C. A technology change that lowers production cost
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