In the novel how the markets fail by John Cassidy, 1. According
to rational expectations, anticipated government intervention will
not have any impact on the economy. Why? What does the empirical
data say about this idea?
LO4: Show why competitive markets fail to provide socially
efficient levels of
public goods; explain how the government can mitigate these
inefficiencies.
LO7: Show how government policies in international markets, such
as quotas and
tariffs, impact the prices and quantities of domestic goods and
services.
Please expert solve this managerial economics 2 questions
If markets are efficient a random walk explain stock returns.
Why?
How does the random walk in stock prices make finance
into a science (according to my lecture)?