Exam 12: Macroeconomic and Industry Analysis

The Conference Board's Consumer Confidence Index is released ______.

The yield curve spread between 10-year T-bond and federal funds rate is a _______ economic indicator.

Which of the following comprise barriers to entry? I.Large economies of scale required to be profitable II.Established brand loyalty III.Patent protection for the firm's product IV.Rapid industry growth

The decline in the value of the dollar relative to the yen will have what impact on the purchase of U.S.goods in Japan?

An investment strategy which entails shifting the portfolio into industry sectors that are forecast to outperform others based on macroeconomic forecasts is termed ______________.

Cash cows are typically found in the _________ stage of the industry life cycle.

Which one of the following is not a demand shock?

Since 1999,the purchasing power of the U.S.dollar has increased relative to the purchasing power of _______.

An expanding economy requires more workers.If the supply of workers becomes inadequate to meet the demand,what is the likely impact on the economy?

If the currency of your country is depreciating,this should __________ exports and __________ imports.

Which one of the following is not a U.S.supply shock?

You would expect the beta of cyclical industries to be ______ and the beta of defensive industries to be ______.

Which of the following describes the ratio of the number of people classified as out of work to the total labor force?

Whenever OPEC attempts to influence the price of oil by significantly altering production,economists refer to this type of event as a ______________.

Firm B produce gadgets.The price of gadgets is $2 each.Firm B has total fixed costs of $300,000 and variable costs of $1.40 per gadget.The corporate tax rate is 40%.What is the breakeven number of gadgets B must sell to make a zero after tax profit?

Stalwarts are typically found in the _________ stage of the industry life cycle.

If the economy is going into a recession,a good industry to invest in would be the __________ industry.

If you are going to earn abnormal returns based on your macroeconomic analysis it will most likely have to be because __________.

Items that are ____________ and product purchases where ________ is not important tend to be less cyclical in nature.

Everything else equal,an increase in the government budget deficit would ______. I.increase the government's demand for funds II.shift the demand curve for funds to the left III.increase the interest rate in the economy