MC$.08\mathrm{.}062$

Question $22$ of $50$

Inflation, recession, and high interest rates are economic events that are best characterized as being

a$.$ company$-$specific risk factors that can be diversified away.

b$.$ among the factors that are responsible for market risk.

c$.$ irrelevant except to governmental authorities like the Federal Reserve.

d$.$ risks that are beyond the control of investors and thus should not be considered by security analysts or portfolio managers.

e$.$ systematic risk factors that can be diversified away.