If stock prices follow a random walk, it means
a. long periods of declining prices are followed by long periods of rising prices.
b. the greater the number of consecutive days of price declines, the greater the probability prices will increase the following day.
c. stock prices are unrelated to random events that shock the economy.
d. stock prices are just as likely to rise as to fall at any given time.
d
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Around 25 percent of the federal government's budget goes towards redistributive programs
a. True b. False
Which of the following is not common to perfect competition and monopolistic competition?
a. Free entry b. Many sellers c. Elimination of long run economic profits d. Product differentiation
The percentage of work time lost due to strikes is greater than the percentage of work time lost due to coffee breaks
a. True b. False Indicate whether the statement is true or false
Monopolistic competition is common in
a. retail selling. b. farming. c. basic manufacturing. d. electric power generation.