According to the efficient markets hypothesis, the difference between today's price for a share of stock and tomorrow's price is
A) predictable given currently available information.
B) equal to today's price minus yesterday's price.
C) unforecastable.
D) zero.
C
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After an extended period of steady inflation at a constant rate,
a. people will anticipate inflation. b. actual unemployment will approximate the natural rate of unemployment. c. actual unemployment will be less than the natural rate of unemployment. d. both a and b are true.
An open market purchase by the Fed:
A. increases investment and increases output. B. increases investment and decreases output. C. decreases investment and increases output. D. decreases investment and decreases output.
If the market for a good consists of a downward sloping demand curve and a horizontal supply curve, consumers will pay the whole amount of a newly imposed tax.
Answer the following statement true (T) or false (F)
Which is an ironic solution to the government protected monopoly?
A) The government might try to "force" less competition in the market. B) The government might "do more" by "doing less," i.e., by removing the monopoly's protection. C) The dead weight loss goes to the government. D) The inherent unfairness of monopoly can only be solved by dictatorship.