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?
0 s2 {4 A% H$ K6 z, S" qA)    Real gross domestic product decreases and the inflation decreases.
B)   The price level decreases and output remains unchanged.
0 @' e' y5 l5 `7 \( x. uC)   The rate of money supply growth decreases.
5 j5 ]$ X: p% f2 @" {D)   Aggregate demand decreases.

Question 42
& V4 D4 \# [! P) C8 e& aThe 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.
D)   number of times a dollar is taken out of the country during a year.
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7 N7 x3 F: C* E, `Question 43
$ D+ K$ J5 I. E4 S; ^. y- j8 w: PThe advantages of a proprietorship are least likely to include:
1 c3 j' d+ c, @& j/ z* CA)    ease of formation.
B)   simple decision making process.
0 I* y2 z* m! SC)   single taxation of profits.
D)   limited liability.
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* U' s$ n2 i9 A6 g1 [Question 44
In theory, the supply of a non-renewable resource is:
8 j$ \7 X; f8 W# J9 y* U$ GA)    fixed over a specific period of time.
B)   perfectly inelastic at a price that equals the present value of the expected next-period price.
; X6 V: {* x. @' h3 _6 e5 Q2 |& C+ Z, xC)   perfectly elastic.
D)   perfectly inelastic at the price where demand intersects supply.

0 i9 R% w( f- g$ G7 x0 t! M8 F0 HQuestion 45
Demand-pull inflation would least likely be caused by an increase in:
- M+ ~9 a+ Q3 @3 O& w( B5 }A)    the prices of raw materials.
( b; o- s9 E% o: X5 i2 sB)   the money supply.
C)   government purchases.
D)   foreign incomes.
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catherine

答案和详解如下！
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