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Basic Question 1 of 9
No government intervention is needed if a recession occurs. Unemployment and excess supply of goods will be solved by allowing market prices to decrease until all markets clear. This is the view of the ______.
B. Keynesian school
C. New Classical school
A. Neoclassical school
B. Keynesian school
C. New Classical school
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe theories of the business cycle;
CFA® 2024 Level I Curriculum, Volume 2, Module 11.