Leveraging investments based on irrational expectations:
A. can lead to gradually deflating financial bubbles.
B. explains the success of companies like Apple.
C. is cited as a root cause of financial crises.
D. All of these statements are true.
Answer: C
Economics
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Which one of the following is part of the M2 definition of the money supply, but not part of M1?
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The basic reason why farm prices have declined has been that _________________________.
Fill in the blank(s) with the appropriate word(s).
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