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EBK ESSENTIALS OF ECONOMICS
8th Edition
ISBN: 8220103599832
Author: Mankiw
Publisher: Cengage Learning US
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Chapter 19, Problem 7QR
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Fama (1991) expanded the weak form of market efficient market hypothesis to include predicting future returns with the use of accounting or macroeconomic variables.Discuss.
Financial markets are quintessential examples of perfectly competitive markets. determine how financial markets contribute to productive and allocative efficiency in the U.S. economy.
Which of the following would count as valid evidence against the efficient markets hypothesis?
(a) Some investors make huge profits betting on specific stocks on the stock market.
(b) Financial crises still occur.
(c) Stock prices always rise two days after good news is released.
(d) Stock prices are very volatile.
(e) A company’s stock price does not always rise with good news about that company.
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- Disscuss the significance of the efficient market hypothesis for the financial managersarrow_forwardWhy is the economic indicator “consumer sentiment” relevant for making successful policy decisions?arrow_forwardEconomist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many people. a) the greater the share of knowledge the heads of firms and governments can and must know to be successful. b)the smaller the share of knowledge the heads of firms and governments can know to be successful. c) the greater the need for centralized, top-down planning within large firms and governments. d) the greater the need for firms and governements to avoid markets.arrow_forward
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