DSE 經濟科：通脹與失業

1. The Consumer Price Index (CPI) in Hong Kong measures the average price change of:

2. If the CPI rises from 105 to 108 over a year, the inflation rate is approximately:

3. Which type of unemployment occurs when workers are between jobs, searching for better matches?

4. Demand-pull inflation is caused by:

5. Hong Kong's Composite CPI increased by 2.1% in 2023. If the underlying CPI (excluding one-off government relief measures) increased by 1.7%, this suggests:

6. The natural rate of unemployment in Hong Kong is estimated at around 3.5-4%. If the actual unemployment rate falls to 2.8%, this suggests:

7. Which of the following best describes cost-push inflation in the Hong Kong context?

8. The Phillips curve shows a short-run trade-off between:

9. Hong Kong's CPI(A) and Composite CPI often diverge. The main reason is that CPI(A) has a higher weight on:

10. If the Hong Kong Monetary Authority (HKMA) raises the Base Rate under the Linked Exchange Rate System, the most likely transmission to unemployment is:

11. A household took a fixed-rate mortgage before an unexpected rise in the CPI. Who gains in real terms?

12. Expected inflation rises and new loan contracts are renegotiated. What happens to the nominal interest rate?

13. A restaurant reprints its price list every month during inflation, and shoppers make extra bank trips so they can hold less cash. Which pairing is correct?

14. Which statement about deflation is correct?

15. The natural rate of unemployment consists of:

16. A policy tries to hold unemployment below the natural rate by raising aggregate demand. At DSE level, the Phillips-curve conclusion is:

17. The CPI can overstate the rise in the cost of living when households switch to goods that have become relatively cheaper. This is:

18. Employment is unchanged, but some unemployed people stop searching and leave the labour force. The unemployment rate: