While trying out the practice question for Economics on the Cfa website, There was a question on Taylor rule for calculating a Central Bank’s intended policy interest rate based on some parameter but this formula or rule or never mentioned in Economics.
Has anyone else noticed this because I think this a little bit unfair if this is an indicator of deviation from the curriculum content.
Did not see it on the Kaplan’s material. For L1 they did the same on their website q-bank with calculating Fisher’s and Laspeyres Index. Further, there were a lot of mistakes on their mock exams and their answers; hope they improve this to have a stronger preparation for their exams.