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

Cournot Assumption in Oligopoly Market：The Cournot solution falls betweenthe competitive equilibrium and the monopoly solution.

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

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述職報告和年費(fèi)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.（不能惡心CFA），考試不能作弊:考試內(nèi)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.（在法律允許或客戶同意的情況下可以披露）,members and candidates must comply with the law.（在某些情況下法律要求。

In what ways does fair dealing manifest itself?：by e‐mail or telephone. （無需對客戶完全一樣），if not disadvantage or negatively affect other clients. Should be disclosed to clients andavailable to everyone should not be selective. （可以對客戶進(jìn)行分級,

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違法君子有所不為的決策是更好的決策更符合stakeholder利益的決策

In analyzing investment, what should we do to making investment recommendations, and taking investment actions?：or action. （分析、投資或者提供建議要有合理、充分的基礎(chǔ)）,must not rely on that information. （外部數(shù)據(jù)懷疑就不能用）,issue indicates NO reasonable basis. （不能總是推薦所謂的熱門股票），并不代表有這樣的觀點(diǎn)）但整個研究過程是可靠的

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.（那些被合理認(rèn)為將會影響?yīng)毩⒖陀^的威逼利誘都要不為所動）,但在他人眼中會影響?yīng)毩⑿砸膊恍校┛赡艿脑捠孪扰督o雇主告訴雇主是為了引起雇主的同意

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