Deflation
a. reflects falling price levels
b. was prevalent during the oil shocks of the 1970s
c. under the current trends will cause consumers' purchasing power to shrink
d. has been persistent in the U.S. economy since the Great Depression
e. is the same as stagflation
A
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If you are convinced that stock prices are impossible to predict from available information, then you probably also believe that
a. the efficient markets hypothesis is not a correct hypothesis. b. the stock market is informationally efficient. c. the stock market is informationally inefficient. d. there is no reason to establish a diversified portfolio of stocks.
Which of the following statements about the right to private ownership is false?
A. It enables individuals to obtain, use, and dispose of land and capital resources as they see fit B. It encourages investment and innovation, and thus fosters economic growth C. It extends to intangibles such as pieces of music and computer programs D. It weakens the incentive to maintain the property that one already owns