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?
9 {! l' ?& }! R, E9 M% ^+ A/ RA)    Real gross domestic product decreases and the inflation decreases.
  T& D3 I. w7 h* GB)   The price level decreases and output remains unchanged.
C)   The rate of money supply growth decreases.
D)   Aggregate demand decreases.
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* D; ]* A0 z# V- N$ UQuestion 42
The 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.

  S* U8 u- d: m: j+ mQuestion 43
5 Z( [5 ~8 `( O6 {( |2 f6 A; u& jThe advantages of a proprietorship are least likely to include:
A)    ease of formation.
- ~0 P6 I% o2 n3 K# q: yB)   simple decision making process.
C)   single taxation of profits.
1 v: m5 y. m. O% N* s0 S, PD)   limited liability.

Question 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.
6 c) j" w+ j9 I" _; SC)   perfectly elastic.
( a- d' |; s7 Z5 E6 LD)   perfectly inelastic at the price where demand intersects supply.
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* h5 H  |5 I5 j8 k% w+ n8 }. c/ AQuestion 45
Demand-pull inflation would least likely be caused by an increase in:
2 m) Y2 s. U# E6 {  ?A)    the prices of raw materials.
B)   the money supply.
: Q, y/ R# w" @" ~- O% x+ c/ nC)   government purchases.
D)   foreign incomes.

catherine

答案和详解如下！
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