Tham khảo tài liệu 'đề thi cfa level 1 buổi chiêu phần 2', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Economics - 14 Questions - 21 minutes Question 37 - 12365 Keynesian countercyclical budget policy suggests that a budget deficit is needed if the full-employment level of income is less than the 7 current equilibrium level of income. a budget deficit is needed if current output is less than the economy s long-run full employment equilibrium. C the budget should always be in balance. D a budget deficit should be planned during an inflationary boom. Question 38 - 28594 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 number of times a dollar is taken out of the country during a year. D average number of times a dollar is used to purchase goods and services. Question 39 - 29324 Which of the following actions by the Federal Reserve would NOT be considered part of expansionary policy A Raising the reserve requirement. B Lowering the discount rate. C Lowering the reserve requirement D Buying government securities. Question 40 - 28595 Which of the following statements are TRUE A All of these choices are correct. B C D Given the assumptions of the competitive model allocative efficiency would be present if all markets were in long run competitive equilibrium. A profit-maximizing firm will heed the desires of consumers including the desires of consumers whom the owners of the firm have never met. In long run equilibrium purely competitive firms will charge a price that is just equal to their minimum average total costs. Question 41 - 29055 Which of the following statements about price takers and price searchers is TRUE 11 A B In the long run both price takers and price searchers maximize profits at the quantity corresponding to the minimum point on the average total cost curve ATC . In the long run both price takers and price searchers will have zero economic profits. Price takers maximize profits at the point Price Marginal Revenue Marginal Costs. D The potential allocative .
