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kolitchko kolitchko
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5 years ago
If traders in a market have rational expectations, then
A) the price of an asset equals its fundamental value.
B) prices of riskier assets are higher than prices of less risky assets.
C) past prices of assets do not affect market participants' expectations of future asset prices.
D) they make use of less information than they would if they had adaptive expectations.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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Wars-Like-ThisWars-Like-This
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5 years ago
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kolitchko Author
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5 years ago
Smart ... Thanks!
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