Excess volatility refers to
A) the unwillingness of financial analysts to consistently recommend the same stocks.
B) the greater volatility of futures prices compared to the volatility of prices of the underlying assets.
C) the tendency for stocks with high rates of returns also to have quite variable returns.
D) the larger movements in market prices of stock than in their fundamental values.
D
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The difference between a Nash equilibrium strategy and a dominant strategy is:
a. nothing; they are synonymous. b. the former is stable but the latter is unstable. c. the former must be a best response to all others' strategy profiles, whereas the latter need only be a best response to others' Nash equilibrium strategies. d. the former need only be a best response to others' Nash equilibrium strategies, whereas the latter must be a best response to all others' strategy profiles.
Health care makes up ________ of the U.S. economy
A) about 2 percent B) roughly 8 percent C) more than one-sixth D) almost two-thirds