NO.PZ202001210200000105
问题如下：
Based on Exhibit 1, what capital market effect is Country Z most likely to experience in the short-term?
选项：
A.Cyclical assets attract investors
Monetary policy becomes restrictive
The yield curve steepens substantially.
解释：
B is correct. Wakuluk’s model predicts that Country Z’s business cycle is currently in the late upswing phase. In the late upswing phase, interest rates are typically rising as monetary policy becomes more restrictive. Cyclical assets may underperform, whereas the yield curve is expected to continue to flatten.
解析：
依据Wakuluk的模型预测，Z国的商业周期目前处于后期上升阶段。在上升阶段的后期，利率通常会随着货币政策的收紧而上升。所以B选项正确
周期性资产可能表现不佳，而收益率曲线预计将继续趋平。所以AC的说法都有误。
No.PZ202001210200000105
