Shifts in the AD and AS curves and Equilibriums：A decrease in AD lowers real GDP:contractions are associated with rising inflation and interest rates.

Income Statement– Operating Profit：and taxes EBIT.

Income Statement– Earnings Per Share：earnings per share is calculated using the weighted-average number of commonor loss attributable to the common shareowners.

Financial Notes and Supplementary Schedules：methodsoperating segments’ performance.

Equilibrium GDP and Prices：4 Short-run stagflation

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

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）