The conduit theory...

By Peter Cherewyk AAA
A:

A. leads to the SEC's preference to allow exchanges to self-regulate.

B.
suggests that expenditure is the key to governing the level of business activity.

C.
suggests that monetary supply is the key to governing the level of business activity.

D.
is the notion that investment companies should not be taxed at the corporate level.






Correct answer: D

"A" is a guess; "B" and "C" are broader economic theories.



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