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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Explain the view of those economists who are skeptical of the efficient markets hypothesis.

To determine

Efficient market hypothesis.

Explanation

Efficient market hypothesis suggests that the stock prices reflect all available information. The stock price will never be constant. It will vary according to the profitability of a firm and the changes in available information...

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