Under a Given Set of Conditions, All Microstates of a System

question 33

True/False

Under a given set of conditions, all microstates of a system are equally probable.

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Definitions:

Paper Loss

indicates a loss that has occurred on paper due to a decrease in the market value of an investment, but has not yet been realized through a sale.

Stock Markets

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Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and for challenging Keynesian economics.

Lottery

A form of gambling that involves drawing numbers at random for a prize, often run by states or organizations as a way to raise funds.