haela@gmail x + mail.google.com/mail/u/0/inbox/FMfcgxwLsKDGtbVPNRSbNIRQZWjCgmXz?projector=1&messagePartid-0.1 1.Shares of cyclical companies are sensitive to.......... And therefore will tend to have..... 1. Macroeconomic conditions; high beta 2. Macroeconomic condi 3. Microeconomic condi w beta h beta 4. Microeconomic conditions, low beta 2. if your assessment of the business cycle is more accurate than of your competitors you would chose shares of defensive companies when macroeconomic environment is... 1. Optimistic 2. Pessimistic 3. Stable 4. Between stable and volatile 3. it is commonly assumed that a recession occurs when a GDP declines by two consecutives... 1. Months 2. Quarters 3. Years 4. Decades