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?
5 g9 t! ?% h) `2 [: [1 @3 xA)    Real gross domestic product decreases and the inflation decreases.
$ f* S7 N+ @1 p# bB)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
  i3 ~! t1 u% `( {4 }* z' u: GD)   Aggregate demand decreases.
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Question 42
The velocity of money is the:
/ C% g7 c3 Y0 P" S0 \, p8 fA)    rate at which the price index for consumer goods rises.
% N# o# S- d; u- g, nB)   output expansion multiple of government expenditures.
/ F+ m/ S) i0 G4 G* qC)   average number of times a dollar is used to purchase goods and services.
D)   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 z& S6 q) ]) p  TA)    ease of formation.
B)   simple decision making process.
C)   single taxation of profits.
$ \. W# l$ n" n) s3 lD)   limited liability.
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9 ?/ X/ H! G( i; {/ n# {: AQuestion 44
In theory, the supply of a non-renewable resource is:
, b7 {" `  L; jA)    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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, X8 P9 |! }+ u# QQuestion 45
! D4 h, R+ r$ }, I* q+ ]Demand-pull inflation would least likely be caused by an increase in:
A)    the prices of raw materials.
( K5 @) S; @* A5 P7 K+ V, PB)   the money supply.
# T9 [8 S; O6 [# B) f( {C)   government purchases.
! G/ f- ^2 U+ L! B4 c0 JD)   foreign incomes.

catherine

答案和详解如下！
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