Need help on question 3 parts a and b please!

QUESTION 3 (Total of 6 marks) (a) (3 marks) The P/E multiple of the S&P500 index would be CPE multiple of the S&P500 index would be expected to increase during a prolonged period of high inflation. Is this TRUE or FALSE? Explain briefly, ang your key points. For full marks, you must clearly state if the statement is true or false. (Bullet points are acceptable) (b) (3 marks) Empirical studies of the CAPM have shown that the Expected Return/Beta line is flatter than that predicted by theory. Is this TRUE or FALSE? Comment briefly on the implications for investors. For full marks, you must clearly state if the statement is true or false. (Bullet points are acceptable)