When a corporation announces a major decline in earnings, the stock price may initially decline significantly and then rise back to normal levels over the next few weeks. This impact is called
A) the January effect.
B) mean reversion.
C) market overreaction.
D) the small-firm effect.
C
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If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the M1 money multiplier is
A) 2.5. B) 1.7. C) 7.3. D) 0.73.
The legality of which of the following actions would be determined using the rule -of-reason?
A) an agreement with a competitor firm to adjust output levels B) an agreement with a competitor firm to not sell to a particular customer C) an agreement with a competitor firm not to bid on a contract D) an exclusive dealings contract with a customer
Average total cost is found by subtracting AFC from AVC
Indicate whether the statement is true or false
Which of the following was NOT true when Katharine McCormick was born in 1875?
A. Very few women went to college B. Birth control was illegal C. Women couldn't vote D. Women were not allowed to own property