投资学第7版TestBank答案17.docx

本文档如对你有帮助，请帮忙下载支持！ 本文档如对你有帮助，请帮忙下载支持！ PAGE PAGE #. Multiple Choice Questions1.the relative value of the firm the absolute value of the firm the domestic economy the global economy the industry outlook2.the automobile industry the tobacco industry the food industry A and B B and C3.government spending and tax levels monetary policy fiscal policyA and BA, B, and C Multiple Choice Questions 1. the relative value of the firm the absolute value of the firm the domestic economy the global economy the industry outlook 2. the automobile industry the tobacco industry the food industry A and B B and C 3. government spending and tax levels monetary policy fiscal policy A and B A, B, and C 4. altering the discount rate altering the reserve requirements open market operations altering marginal tax rates none of the above the balance of trade. the budget deficit. the purchasing power ratio. unimportant to the U. S economy. none of the above. A top down analysis of a firm starts with A) B) C) D) E) Answer: D Difficulty: Easy An example of a highly cyclical industry is A) B) C) D) Answer: A Difficulty: Easy Rationale: Consumer durables, such as automobiles, are highly cyclical as purchases can be delayed until good times. Necessities, low-ticket items, and addictive products are purchased in good times and bad. Demand-side economics is concerned with . A) B) C) D) E) Answer: E Difficulty: Easy Rationale: Demand-side economics is concerned with monetary and fiscal policy (government spending and taxing). The most widely used monetary tool is . A) B) C) D) E) Answer: C Difficulty: Easy Rationale: The Federal Reserves open market operations are the most widely used and most effective monetary tool for influencing interest rates. The real, or inflation-adjusted, exchange rate, is A) B) C) D) E) Answer: C Difficulty: Easy Rationale: The ratio of one countrys purchasing power to anothers is called the real, or inflation adjusted, exchange rate, and is an important measure of the