CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
$ M. p7 H' r9 {, C" p. vAn economy in long-run equilibrium experiences a cost-push inflation shock. If a feedback rule monetary policy that focuses on the price level is in place, which of the following effects of the monetary policy change is least likely?
. k+ C5 l. K0 F) T2 pA)    Real gross domestic product decreases and the inflation decreases.
* k/ v3 M4 o  j; ]B)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
$ m$ g- l6 v9 o8 B% B, _0 DD)   Aggregate demand decreases.

Question 42
The velocity of money is the:
A)    rate at which the price index for consumer goods rises.
B)   output expansion multiple of government expenditures.
C)   average number of times a dollar is used to purchase goods and services.
+ B% i" H6 C( a; eD)   number of times a dollar is taken out of the country during a year.

Question 43
The advantages of a proprietorship are least likely to include:
8 l- |' N: s$ @/ a# }A)    ease of formation.
9 V! [" g; A* E- E2 N: v, {+ R" FB)   simple decision making process.
C)   single taxation of profits.
) E; `! \' f4 B9 Y# LD)   limited liability.

7 t! k9 t6 u7 k. p4 RQuestion 44
In theory, the supply of a non-renewable resource is:
A)    fixed over a specific period of time.
B)   perfectly inelastic at a price that equals the present value of the expected next-period price.
5 [2 J3 y2 h" P! c3 EC)   perfectly elastic.
1 O9 O' e1 m$ c# |: YD)   perfectly inelastic at the price where demand intersects supply.

' u+ J' ?5 _$ U6 e. C  lQuestion 45
Demand-pull inflation would least likely be caused by an increase in:
/ Q* A* b) P- ^# C+ b2 Z/ oA)    the prices of raw materials.
# p( J2 S8 p9 H1 O" ?6 V0 ?8 i% z, |B)   the money supply.
C)   government purchases.
D)   foreign incomes.

catherine

答案和详解如下！
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