- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 1. The Business Cycle and its Phases
CFA Practice Question
Business cycles are generally considered in ______.
A. the short-run framework
B. the long-run framework
C. both the short-run and long-run frameworks
Explanation: Since business cycles are a short-run phenomenon, they are generally considered in the short-run framework.
User Contributed Comments 3
| User | Comment |
|---|---|
| scottm8571 | Not according to Ray Dalio. |
| wsiyer | yea? Is there a Ray Dalio Exam we are all studying for? Thanks for your great insight |
| Lia95 | Business cycles are a short-run phenomenon. |