The Functions of Money：iii. be easily divisible;provides society with a convenient measure of value and unit of account.

The Fisher Effect：The Fisher:interest in an economy is stable over time so that changes in nominal interest rates are the result;premium.premium to compensate them for uncertainty.

The Costs of Inflation：inflation is the level of inflation that economic agents:expect in the future.;Unexpected;reduce the information content of market prices.

The Construction of Price Indexes：be used to average the different prices.:index.the basket.

The Fiscal Multiplier：Wheret = tax rate

The Advantages and Disadvantages of Using the Different Tools of Fiscal Policy：Different Tools of Fiscal Policy:DirectCapitalpowerful as the direct effects.

The New Classical School：an approach to macroeconomics that seeks the:Money,technologymodelslow-to-adjusteconomy is weak.

Deficits and the National Debt：Budget;Government revenue includes tax revenues net of transfer payments;An increase in a budget surplus would be associated with contractionary fiscal policy:uses.

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case

What are the ethics and trust in the investment profession？：Global investment performance standards（GIPS）= 比例低，也并非所有的不道德都是违法君子有所不为的决策是更好的决策更符合stakeholder利益的决策

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以转委托他人监管，但必须指示明确且对转委托负责）,应拒绝承担监管者责任）,

What's the meaning of “Additional compensation”?：their employer’s interest （该准则约束的是,如果收取相关好处：会影响雇主利益的情况）unless they obtain written consent from all parties involve.，CFA