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CFA Level I:Economics - Understanding business cycles 精选题和学习要点1 E" V# G1 {* l: T2 O) e
Learning Outcome Statements (LOS)
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: u$ e0 l- b% i$ ?4 {( D6. Consider the following information regarding consumer price index (CPI) numbers for this year and last year.
, b# m; K" b& A9 h CPI this year | 267.54 | CPI last year | 261.25 | The inflation rate (in %) for the period is closest to:
/ m* L3 J8 o! y' fA. 2.35 ) ~$ ~3 O# a1 i
B. 2.38
8 d( M& p( w: ^8 s) @1 }8 WC. 2,41 * D \& P5 ?/ I0 [
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:
* n! _/ F+ W x- \. RA. 107.81
! l; l8 ` _8 n" ]& D7 sB. 114.58
% W1 s: P* S: p( ]" xC. 117.97 $ |: Q, C8 q# ^
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/ C) K8 T% i+ @1 l3 V$ F$ Z8. Suppose inflation increases due to increases in government spending and a reduction in taxes. Such inflation is best described as:
5 ^% F7 e4 a# v. lA. Cost-push inflation
) Y/ g& ^, B$ j) j5 P6 |9 m# wB. Demand-pull inflation
" L- ^( L9 o0 B0 P G1 KC. Monetarist cycle theory
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9. The most likely initial (short-run) effect of demand-pull inflation is an increase in:
3 g" }3 j* T) W2 N& WA. The price level and a decrease in real GDP
. _2 I! {- w! U! g8 e% x) x m: f: X6 pB. The price level and an increase in real GDP
! N0 F! M- I( j' }) E* ?3 | G9 OC. Government expenditure followed by a decline in the quantity money
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10. Which of the following will most likely lead to cost-push inflation? 1 }, Y% T0 u6 I, H
A. A decrease in the cost of financing
, u n! p+ Y1 `0 m" H) i/ DB. An increase in the money prices of raw materials
' M- W* n# P& ]$ ]- E$ I# kC. A technology change that lowers production cost ) f& l) O6 j( g" v, L- a: d* m
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