Which statement is false?

A. Long-lived assets don't have cyclical demand.
B. Different industries are likely to be sensitive to different macroeconomic variables.
C. It's easier to forecast long-term demographic factors than to forecast long-term macroeconomic factors.

Correct Answer: A

A is false. Autos are long-lived but their demand is cyclical.

C: The underlying drivers (birth, death and immigration rates) of demographic factors are quite stable.