Thank you Ridgefield. But what I am asking isn’t so much what the answer is, is what CFAI wants on the test. Since Schweser says in that particular section that increasing nominal rates mean more demand, if that comes up on the demand analysis vignette on the exam, I should put that it’s true, but with reference to the free market theory in book 3, it’s not?
Kinda like where Schweser says to eliminate goodwill on the balance sheet except when doing residual income calculations because CFAI says so. |