The efficient markets hypothesis
A) assumes that market participants form their expectations adaptively.
B) applies rational expectations to the pricing of assets.
C) applies to the stock market, but not to the bond market.
D) indicates that the stock market is efficient, but not rational.
B
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The reason for the Fed being set up as an independent agency of government is to:
A. Protect it from political pressure B. Allow it to earn profits like private firms C. Make it be managed and controlled by member banks D. Let it be able to compete with other financial institutions
It has been found that
A. less-developed countries have more equality of income distribution. B. more-developed countries have more equality of income distribution. C. only prior communist countries have more equality of income distribution. D. income distribution cannot be measured among countries with different political and economic systems.