Equilibrium GDP and Prices - Long-Run Equilibrium：Equilibrium GDP and Prices - Long-Run Equilibrium,Inpracticemeasure with precision.

Price Indexes and Their Usage：the CPI-U.countriesThe United States’ Treasury Inflation-ProtectedSecurities TIPS adjusts the bond’s principal according to the US CPI-U index.

Equilibrium GDP and Prices - Inflationary Gap：lower taxes:Interestespecially longer-maturity.Raise exposure to speculative fixed-income securities junk bonds.

Calculation of GDP – Income Approach：+,SomeNationalincome=government

The Production Function and Potential GDP：labor:Two-factor production functionKdecline essentially to zero and there would be no long-term economic growth.result

Calculation of GDP – Expenditure Approach：+data sources. The difference is accounted for by a statistical discrepancy.

Monetary and Fiscal Policy：an economic environment where growth is stable and positive and inflation is stable and low.

Aggregate Output and Income：The aggregate:incomerentAggregate Expenditure

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.

Contractionary and Expansionary Monetary Policies：Policies,monetary policy:central banks may increase liquidity by cutting their target rate.

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推薦或者研究報(bào)告,因?yàn)闆](méi)有支持?jǐn)?shù)據(jù)）For future use,CFA

What laws,rules, and regulations should be known by members and candidates?：rules，必須遵守直接相關(guān)的法律），but this may be advisable in some circumstances and required by law in others. （沒(méi)有要求一定要將違法行為報(bào)告政府）也會(huì)被認(rèn)為是參與違法行為）