The word "efficient" in the term "efficient markets hypothesis" refers to the idea that
a. fundamental analysis is an efficient way to go about choosing which stocks to buy or sell.
b. stock prices move upward and downward "efficiently," rather than following a "random walk.".
c. the stock market is "informationally efficient.".
d. companies employ officers and managers who are well-qualified to perform their jobs.
c
You might also like to view...
When a business is set up as a partnership, the owners of the business face limited liability
Indicate whether the statement is true or false
What are diseconomies of scope?
a. the cost of producing two products jointly by one firm is more than the cost of producing them separately b. the cost of producing two products jointly by one firm is lesser than the cost of producing them separately c. the cost of producing two products jointly by one firm is equal to the cost of producing them separately d. none of the above
Suppose the government decides to increase taxes by $50 billion and to increase transfer payments by $50 billion. What effect would there be on aggregate demand?
A. $50 billion increase. B. More than $50 billion increase after the multiplier effect. C. $50 billion decrease. D. No impact.
Based on the figure below. Starting from long-run equilibrium at point C, an adverse inflation shock that increases inflation from ? to ?1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. B; a recessionary B. A; an expansionary C. B; an expansionary D. A; a recessionary