Deficits and the Fiscal Stance：economy was at full employment or full potential output.

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.

Economic Growth and Sustainability：Economic,GrowthPerrate of economic growth is measured by the rate of increase in the economy’s productive capacity or potentialGDP.

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.

Deflation, Hyperinflation, and Disinflation：An extremely fast increase in aggregate price:level,year.,investmentthe rate of price increases accelerates.

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]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. （沒有要求一定要將違法行為報(bào)告政府）也會被認(rèn)為是參與違法行為）