The fact that returns from the stock market are less volatile over long-periods of time suggests that:
A. stock market bubbles have become more common.
B. stock markets are efficient.
C. people get comfortable with the stocks they own.
D. investors are more risk averse over the longrun.
Answer: B
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Which of the following does not appear in GDP as a part of government spending?
A. Clipboards at the Department of Motor Vehicles. B. Maintenance of government buildings. C. Social Security payments. D. City fireworks displays on the Fourth of July.
Economic expansions in Europe and China would cause
a. the U.S. price level and real GDP to rise. b. the U.S. price level and real GDP to fall. c. the U.S. price level to rise and real GDP to fall. d. the U.S. price level to fall and real GDP to rise.
Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. Which of the following statements is correct?
A. Dan should specialize in sandwiches, and Tracy should specialize in smoothies. B. Dan should specialize in both sandwiches and smoothies. C. Dan should specialize in smoothies, and Tracy should specialize in sandwiches. D. Tracy should specialize in sandwiches and smoothies.
xplain how technology can shift the supply curve to the right.
What will be an ideal response?