C. EXPLAIN HOW CHADHURI’S FORECASTS ARE CONSISTENT WITH THE PERMANEN...

9-C. Explain how Chadhuri’s forecasts are consistent with the permanent income hypothesis.

Answer Question 9-D on This Page

Determine, based on

Chadhuri’s forecasts,

whether Yang should

decrease, not change,

or increase the

Justify your response with two reasons.

Balanced Fund’s

tactical allocation to

government bonds.

(circle one)