单选题
As time goes on, we expect the SML:
A、
to change slope to reflect different investment opportunities in the markets.
B、
to change level to reflect changes in risk aversion among investors.
C、
to change level and slope depending on the economic conditions prevailing.
【正确答案】
C
【答案解析】
As time goes by, the changing economy provides for changing inflation risk premium and changing degrees of risk aversion that affect both the level and slope of the SML.
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