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?
; H) w3 |) n5 s0 O* z$ B& c2 DA)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
: B. Q) P* x: {9 r9 k9 e% EC)   The rate of money supply growth decreases.
D)   Aggregate demand decreases.
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Question 42
The velocity of money is the:
' H- M3 \3 r4 U1 c+ lA)    rate at which the price index for consumer goods rises.
5 B) I% ^# l5 MB)   output expansion multiple of government expenditures.
C)   average number of times a dollar is used to purchase goods and services.
# s! }/ d2 x, ~. F# p1 d1 kD)   number of times a dollar is taken out of the country during a year.

( q- F2 N! R1 ?  H3 EQuestion 43
The advantages of a proprietorship are least likely to include:
A)    ease of formation.
B)   simple decision making process.
C)   single taxation of profits.
D)   limited liability.
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( N# V5 M* K7 d7 _+ J# LQuestion 44
In theory, the supply of a non-renewable resource is:
A)    fixed over a specific period of time.
1 P1 [. f! {; v7 }) sB)   perfectly inelastic at a price that equals the present value of the expected next-period price.
C)   perfectly elastic.
  h: |2 T  a8 G+ ~6 a) r! ]D)   perfectly inelastic at the price where demand intersects supply.
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Question 45
1 a  m3 _6 R7 l: X1 r. [0 tDemand-pull inflation would least likely be caused by an increase in:
$ z% H1 L3 f- r: X2 u- o9 vA)    the prices of raw materials.
$ K! _2 ]; F. B+ L- C& e) D0 R- eB)   the money supply.
C)   government purchases.
D)   foreign incomes.

catherine

答案和详解如下！
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