The invisible hand refers to the coordination that occurs from:
A. everyone working in his or her own self-interest.
B. a government agency finding efficiencies.
C. everyone working for the overall good of society.
D. a government coordinating economic activity.
A. everyone working in his or her own self-interest.
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Look at the above figure. Suppose the economy was initially in equilibrium at point A. What point would represent the short-run equilibrium if the Fed makes an open market purchase of bonds?
A) A B) B C) C D) D
Which of the following is a behavior inconsistent with the Efficient Markets Hypothesis?
A) diversification of one's portfolio B) avoiding active trading of stocks C) holding onto a losing stock while being more likely to sell a stock that has increased in value D) the purchase of a stock index fund