CFA 2026 Level I Economics Unemployment Free Quiz 3

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CFA 2026 Level I Economics Unemployment Free Quiz 3

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CFA 2026 Level I Economics Unemployment Free Quiz 3

Practice CFA 2026 Level I Economics MCQs from Unemployment. Get instant results with Explanation.

General5 MCQs

21. What does the Beveridge curve show?

A. Beveridge curveB. Phillips curveC. Lorenz curveD. Laffer curve

22. What does an outward shift in the Beveridge curve indicate?

A. Inward shift (increased efficiency)B. Outward shift (decreased efficiency)C. No shiftD. Shift along the curve

23. How does the Beveridge curve help policymakers?

A. Only cyclical unemploymentB. Only structural unemploymentC. Both cyclical (movement along) and structural (shift) factorsD. Not related to unemployment

24. What is the employment-to-population ratio?

A. Unemployment rateB. Labor force participation rateC. Dependency ratioD. Employment-to-population ratio

25. How does the employment-to-population ratio compare to the unemployment rate?

A. More reliable than the unemployment rateB. Less reliable than the unemployment rateC. Same as the unemployment rateD. Not used

General5 MCQs

26. How does the unemployment rate behave over the business cycle?

A. Rises during expansionsB. Rises during recessions and falls during expansionsC. Falls during recessionsD. Is coincident with the business cycle

27. How does wage rigidity affect unemployment?

A. No effect on unemploymentB. Lowers unemploymentC. Can lead to structural unemploymentD. Only affects frictional unemployment

28. Can the natural rate of unemployment change over time?

A. Is fixed over timeB. Always decreases over timeC. Always increases over timeD. Can change over time due to demographic and institutional changes

29. What factors can affect the NAIRU?

A. Changes in labor force composition, technology, and government policiesB. Only technologyC. Only demographicsD. Only government policies

30. What is a concern with long-term unemployment?

A. No effect on future employabilityB. Can lead to skill deterioration and reduced future employabilityC. Increases future employabilityD. Only affects youth

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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