Collusion in Oligopoly Market：reduced cash flow uncertainty:frequency.competition.collusion.

Aggregate Output and Income：The aggregate:incomerentAggregate Expenditure

Fiscal Policy and Aggregate Demand：A primary aim for fiscal policy is to help:demand.Newoutputeconomy.adjustment of aggregate demand.

Aggregate Demand：government,FirstSecondwillingly held by households and businesses.

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 members and candidates should notice in CFA examinations?：or security of the CFA examinations.（不能恶心CFA），考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case

How to understand loyalty, prudence and care in duty to clients?：The client or prospective client permits disclosure of the information.（在法律允许或客户同意的情况下可以披露）,members and candidates must comply with the law.（在某些情况下法律要求。

In what ways does fair dealing manifest itself?：by e‐mail or telephone. （无需对客户完全一样），if not disadvantage or negatively affect other clients. Should be disclosed to clients andavailable to everyone should not be selective. （可以对客户进行分级,

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

In analyzing investment, what should we do to making investment recommendations, and taking investment actions?：or action. （分析、投资或者提供建议要有合理、充分的基础）,must not rely on that information. （外部数据怀疑就不能用）,issue indicates NO reasonable basis. （不能总是推荐所谓的热门股票），并不代表有这样的观点）但整个研究过程是可靠的

What's the meaning of independence and objectivity in professionalism?：or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.（那些被合理认为将会影响独立客观的威逼利诱都要不为所动）,但在他人眼中会影响独立性也不行）可能的话事先披露给雇主告诉雇主是为了引起雇主的同意

How to understand the Code of ethics and trust in the investment profession?：I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate