Examlex
What is the business cycle? How "cyclical" is it? What causes the business cycle?
Separation Property
The property that portfolio choice can be separated into two independent tasks: (1) determination of the optimal risky portfolio, which is a purely technical problem, and (2) the personal choice of the best mix of the risky portfolio and the risk-free asset.
Risky Portfolio
An investment portfolio that contains assets with a higher degree of risk, potentially leading to higher returns or greater losses.
Complete Portfolio
The entire portfolio, including risky and risk-free assets.
Optimal Risky Portfolio
A combination of investments that yields the highest expected return for a specific level of risk.
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