See how our partners can help you ace your CFA exams.
CFA Level 1 Question of the Week - Economics
In 2007, housing prices dropped almost overnight as a result of what some economists referred to as a correction from prices that formed in a market bubble. Financial assets also dropped in value. The subsequent changes in GDP could be best explained as:
CFA Level 1 Question of the Week - Economics 8 votes
A. a movement along the aggregate demand (AD) curve to a lower price level and less output.
B. a shift in the aggregate supply (AS) curve, such that supply decreased at all price levels.
C. a leftward shift in the aggregate demand (AD) curve as a consequence of reduced wealth.
CFA Question Bank and Study Notes at https://analystprep.com
Register today for 120 free practice questions