- CFA Exams
- 2021 CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 2. Theories of the Business Cycle
CFA Practice Question
The New Classical view believes that ______ are the most significant influence on aggregate demand.
B. technological changes
C. real wage rates
A. expectations
B. technological changes
C. real wage rates
Correct Answer: B
In contrast, the Keynesian view believes that expectations are the most significant influence on aggregate demand.
User Contributed Comments 1
| User | Comment |
|---|---|
| To-be-CFA | A: Keynesian B: New Classical C: Keynesian, maybe. (Not sure) |