Question

A trough is __________.

A) a transition from an expansion in the business cycle to the start of a contraction B) a transition from a contraction in the business cycle to the start of an expansion C) only something used by farmers to feed pigs and is not a term in investments D) none of the above

An analyst starts by examining the broad economic environment and then considers the implications of the outside environment on the industry in which the firm operates. Finally, the firm's position within the industry is examined. This is called __________ analysis.

A) bottom-up B) outside-inside C) top-down D) upside-down

Which of the following is not an example of fiscal policy?

A) Social Security spending B) Medicare spending C) government purchases of Treasury securities D) changes in the tax rate

Answer 1

1.

a transition from a contraction in the business cycle to the start of an expansion

2.

top-down

3.

Social Security spending

This is a fiscal spending