Economists believe that investors are
rational, and that stock prices are therefore unpredictable. It sounds peculiar,
but the logic is ironclad. Rational investors would take into
account everything they know when buying or selling stock — all the information
available about where profits, interest rates, technology and so on are going.
So stock prices would reflect all available knowledge, and would change only
when new information came in. And new information is, by definition,
unpredictable, which means that changes in stock prices would be unpredictable,
too. But investors, being human, are driven by fear, greed and the madness of
crowds. In principle this should create patterns in stock
prices, and in principle you can use those patterns to outperform the market.
But while it may be very hard to tell, whether the A. the U. S. economy soared B. the U. S. stock price fell sharply C. people were disappointed about U. S. economy D. people were not sure about what stocks were really worth
更多"{{B}}Text 2{{/B}}
Econo"的相关试题:
[单项选择]{{B}}Text 2{{/B}}
Economists believe that investors are
rational, and that stock prices are therefore unpredictable. It sounds peculiar,
but the logic is ironclad. Rational investors would take into
account everything they know when buying or selling stock — all the information
available about where profits, interest rates, technology and so on are going.
So stock prices would reflect all available knowledge, and would change only
when new information came in. And new information is, by definition,
unpredictable, which means that changes in stock prices would be unpredictable,
too. But investors, being human, are driven by fear, greed and the madness of
crowds. In principle this should create patterns in stock
prices, and in principle you can use those patterns to outperform the market.
But while it may be very hard to tell, whether the A. investors are not always rational B. stock price reflects all available knowledge C. a rational investor should be good in prediction of the market D. because new information is unprediction it is hard for investors to be rational
[单项选择]{{B}}Test 2{{/B}}
Economists believe that investors are
rational, and that stock prices are therefore unpredictable. It sounds peculiar,
but the logic is ironclad. Rational investors would take into
account everything they know when buying or selling stock — all the information
available about where profits, interest rates, technology and so on are going.
So stock prices would reflect all available knowledge, and would change only
when new information came in. And new information is, by definition,
unpredictable, which means that changes in stock prices would be unpredictable,
too. But investors, being human, are driven by fear, greed and the madness of
crowds. In principle this should create patterns in stock prices,
and in principle you can use those patterns to outperform the market. But while
it may be very hard to tell whether the mar A. investors are not always rational. B. stock price reflects all available knowledge. C. a rational investor should be good in prediction of the market. D. because new information is unpredictable, it is hard for investors to be rational.
[单项选择]New classical economists believe expansionary fiscal policy has no affect on aggregate demand because:() A. fiscal policy does not influence monetary policy. B. fiscal policy substitutes government demand for private sector demand. C. consumers will decrease spending and increase savings in anticipation of higher taxes to repay government borrowing.
[填空题]Many economists believe that in the last long run, the cure for the immense problems of poor countries _______________________________ (还是在于经济的快速发展).
[单项选择] {{B}}TEXT C{{/B}}
American economists once spoofed
university education as the only industry in which those who consume its product
do not purchase it; those who produce it do not sell it, and those who finance
it do not control it. That apt description, made in the 1970s, has been
undermined since then by the emergence of the first for-profit universities in
the United States. Controlled by entrepreneurs, these schools which number about
700 and counting sell a practical education to career-minded students and make a
good buck doing it. They are now expanding abroad, creating the first
multinational corporations in a sector long suspicious of balance
sheets. The companies are lured by a booming market in which
capitalist competition is still scarce. The number of university students is
expected to double in the next 25 A. a profit booster for national universities. B. a reform booster for national universities. C. more innovative than national universities. D. more conservative than national universities.
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