新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"economics"exercise:Real business cycle model
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
The statement that is most consistent with real business cycle (RBC) models is that:
A、 persons are unemployed because their asking wages are too high.
B 、governments should intervene when the economy is in contraction.
C 、monetary variables have a major impact on GDP growth.
Questions 2:
A decrease in average weekly initial claims for unemployment is most likely indicative of:
A 、an economic recovery beginning.
B 、the business cycle reaching its peak.
C 、an economic downturn beginning.
View answer resolution
【Answer to question 1】A
【analysis】
A is correct. As suggested particularly by the earliest RBC models, a person is unemployed because he or she is asking for wages that are too high.
B is incorrect. RBC models of the business cycle conclude that expansions and contractions represent efficient operation of the economy in response to external real shocks. Because the level of economic activity at any time is consistent with maximizing expected utility, the policy recommendation of RBC theory is for government not to intervene in the economy with discretionary fiscal and monetary policy.
C is incorrect. The initial New Classical models did not include money; they were called real business cycle models (often abbreviated as RBC). Cycles have real causes, such as changes in technology, whereas monetary variables, such as inflation, are assumed to have no effect on GDP and unemployment.
【Answer to question 2】A
【analysis】
A is correct. Average weekly initial claims for unemployment insurance is a leading indicator of economic activity, and a decrease in it is an indication of rehiring at the start of a recovery.
B is incorrect. A decrease in average weekly initial claims for unemployment is a positive leading indicator, indicating that an upturn is coming, not that a peak has been hit.
C is incorrect. A decrease in average weekly initial claims for unemployment is a positive leading indicator, indicating that an upturn is coming, not a downturn.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
