Writing in The Wall Street Journal in 2009, economist Jeremy Siegel pointed out that the efficient markets hypothesis
a. was responsible for the financial crisis of 2008-2009.
b. was responsible for the Great Depression of the 1930s.
c. claims that prices observed in financial markets are always "right.".
d. claims that prices observed in financial markets are mostly "wrong.".
d
Economics
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Whenever the balance on the current account (CA) is negative, it indicates that:
a) the trade deficit b) total spending (GNE) in the economy is greater than income (GNDI) and is financed by barrowing from abroad c) domestic investment is less than national savings d) income (GNDI) is greater than total spending (GNE) in the economy and the country is a net lender to the rest of the world
Economics
Use the above figure. Which graph depicts complementary goods?
A) A B) B C) C D) D
Economics