投资学题库17.docVIP

Chapter17 Macroeconomic and industry Analysis 1.?A top down analysis of a firm starts with ____________.?D.?the global economy 2.?An example of a highly cyclical industry is ________.?A.?the automobile industry 3.?Demand-side economics is concerned with _______.?A.?government spending and tax levelsB.?monetary policyC.?fiscal policyE.?A, B, and C 4.?The most widely used monetary tool is ___________.?C.?open market operations 5.?The real, or inflation-adjusted, exchange rate, is?C.?the purchasing power ratio. 6.?The normal range of price-earnings ratios for the SP 500 Index is?D.?betwe