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Basic Question 4 of 13
Consumer spending changes through the economic cycle. The most cyclical part is ______. A. durable goods
B. non-durable goods
C. services
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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 how resourceuse, consumer and business activity, housing sector activity, and external trade sector activity vary over the business cycle and describe their measurement using economic indicators
CFA® 2025 Level I Curriculum, Volume 1, Module 2.