Which of the following changes will shift the money demand curve leftward?
a. An increase in the price level
b. An increase in real GDP
c. A decrease in the nominal interest rate
d. An increase in the nominal interest rate
e. A decrease in real GDP
e
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Which of the following is an implication of the random walk theory?
a. Experts will be able to make money by picking and choosing the best stocks. b. There is a systematic pattern to the movement of prices in the stock market. c. Stock market investors can expect to earn a fairly steady real rate of return of about 7 percent annually. d. Even experts will be unable to predict the future movement of stock prices with any degree of accuracy.
In? a(n) ________, the purchaser tries to persuade enough shareholders to go against management and vote to sell.
A. hostile takeover B. leveraged buyout C. acquisition D. merger E. joint venture