Question: Question 2 (Consumption Capital Asset Pricing Model (CCAPM)) In the theory of CCAPM, aggregate consumption growth explains asset returns because: A. Periods of high consumption

Question 2 (Consumption Capital Asset Pricing Model (CCAPM)) In the theory of CCAPM, aggregate consumption growth explains asset returns because: A. Periods of high consumption are considered riskier than periods of low consumption B. Buying (selling) stocks during periods of low (high) aggregate consumption is compensated with high returns C. Investors dislike periods of high consumption growth D. Periods of high consumption growth are considered riskier E. Consumption is a proxy for market returns

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