CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
An 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?
4 E! \1 d% h% x% }9 BA)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
' q) e: j/ {8 _+ sC)   The rate of money supply growth decreases.
D)   Aggregate demand decreases.
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Question 42
The velocity of money is the:
8 N; k8 H! U, ~A)    rate at which the price index for consumer goods rises.
( `- y  F! X2 u3 FB)   output expansion multiple of government expenditures.
. W) g9 N; J; v# a$ eC)   average number of times a dollar is used to purchase goods and services.
( Q" ]/ ~1 v4 S" HD)   number of times a dollar is taken out of the country during a year.
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Question 43
The advantages of a proprietorship are least likely to include:
) r& j' \4 Z! |4 N9 s3 \: bA)    ease of formation.
! Y0 E1 }9 B6 w* E3 nB)   simple decision making process.
C)   single taxation of profits.
D)   limited liability.

Question 44
( h# V* S4 C; m/ @! E4 cIn 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.
C)   perfectly elastic.
D)   perfectly inelastic at the price where demand intersects supply.
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4 B3 x! X. j; v$ a, f" ZQuestion 45
* p4 s0 _4 ~) r; Q8 QDemand-pull inflation would least likely be caused by an increase in:
A)    the prices of raw materials.
B)   the money supply.
" Z! C; Z9 q" u  z" IC)   government purchases.
D)   foreign incomes.
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catherine

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