CFA Level 1 － 模考试题(1)(PM) Q41-45

catherine

Question 41
: X/ I- W! ~3 a$ w( O% y/ g; L) ^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?
. \9 ?& c. ~$ g; _4 B9 LA)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
3 n* k% e" W' u8 O- d! OD)   Aggregate demand decreases.
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Question 42
- W5 L: M$ U' i9 CThe velocity of money is the:
0 H9 z, k8 |+ _; Z6 a) hA)    rate at which the price index for consumer goods rises.
3 {& m/ G: D  S9 r5 p8 DB)   output expansion multiple of government expenditures.
0 `" I5 V' \) ]% ?- u3 {C)   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
- G8 V2 ^0 P2 A5 C' A1 J$ KThe advantages of a proprietorship are least likely to include:
6 \' M8 A4 k2 L3 j) L+ HA)    ease of formation.
B)   simple decision making process.
0 `; f. k* n. o- EC)   single taxation of profits.
( w& W/ u+ B6 |, q3 T0 O" VD)   limited liability.

1 g8 v& W4 R  u7 PQuestion 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.
C)   perfectly elastic.
, L  p2 s6 k) YD)   perfectly inelastic at the price where demand intersects supply.

4 C9 M5 M" ]% k. t' ^Question 45
Demand-pull inflation would least likely be caused by an increase in:
6 t! r5 G8 {4 l) I$ I+ wA)    the prices of raw materials.
B)   the money supply.
9 |5 B5 y& I3 a8 D3 ^% Z) f! T4 t+ ]C)   government purchases.
( a7 K0 P! P$ L/ l2 @D)   foreign incomes.
+ Y0 o5 P! S1 z5 e$ A

catherine

答案和详解如下！
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