According to the efficient market hypothesis
a. changes in the prices of stocks are predictable. Evidence shows that managed funds typically do better than indexed funds.
b. changes in the prices of stocks are predictable. Evidence shows that indexed funds typically do better than managed funds.
c. changes in the prices of stocks are not predictable. Evidence shows that managed funds typically do better than indexed funds.
d. changes in the prices of stocks are not predictable. Evidence shows that indexed funds typically do better than managed funds.
d
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For the monopolistically competitive firm, the demand curve it faces will be steeper the:
A. more easily the good can be substituted. B. more complement goods are available. C. less easily the good can be substituted. D. less complement goods are available.
Lower marginal tax rates facilitate a higher return to innovative and risk-taking behavior
a. True b. False
What are terms of trade?
What will be an ideal response?
In a private closed economy, national income is $4.5 trillion and savings equals $6.4 billion. Based on this data, the marginal propensity to consume:
A. Decreases as income increases B. Is greater than the marginal propensity to save C. Is less than the average propensity to consume D. Cannot be calculated from the data given