答案和详解如下： Q6. Which of the following is a disadvantage of forecasting based on economic indicators? A) Difficult to understand and interpret. B) Forecasts from leading indicators can be misleading. C) Ineffective at predicting the future of the economy. Correct answer is B) There are two disadvantages of using economic indicators: they are not consistently accurate as economic relationships change through time and the forecasts from leading indicators can be misleading. The advantages of economic indicators include: § Available from outside parties § Easy to understand and interpret § Can be adapted for specific purposes § Effectiveness has been verified by academic research Q7. Which of the following regarding the relationship between stock prices and changes in the growth of the money supply is least accurate? Changes in the growth of the money supply: A) do not affect the value effect in stock returns. B) affect the size effect in stock returns. C) affect the growth of the economy. Correct answer is A) As the money supply increases, the economy generally expands. As the money supply increases, stock returns increase. The size effect and the value effect in stock returns is affected by whether the growth in the money supply is expanding or contracting. Q8. Which of the following statements regarding bonds is least accurate? A) Bond yields reflect expectations of inflation. B) Historical bond yields are independent of realized inflation. C) Increases in inflation adversely affect bond prices. Correct answer is B) Bond yields reflect expectations of inflation and there is also a fairly consistent relationship between realized inflation and historical bond yields. Q9. Which of the following securities would NOT decrease in price when inflation increases? A) The stock of firms with inelastic demand curves. B) The stock of firms with elastic demand curves. C) Bond prices. Correct answer is A) Firms and industries with inelastic demand for their product should be able to pass inflation onto the consumer so that their stock prices will not decrease when inflation rises. The stock of firms with elastic demand curves, bonds, and stocks in general will decline when inflation increases. | 
发表于 2009-1-7 10:15
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