It is widely believed that changes in certain macroeconomic variables may directly affectperformance of an equity portfolio. As the chief investment officer of a hedge fundemploying a global macrooriented investment strategy, you often consider how variousmacroeconomic events might impact your security selection decisions and portfolioperformance. Briefly explain how each of the following economic factors would affectportfolio risk return: (a) industrial production, (b) inflation, (c) risk premier, (d) termstructure, (e) aggregate consumption, and (f) oil prices