What Does Informational Efficiency Refer To

question 28

Multiple Choice

What does informational efficiency refer to?

• A)Cheap information costs
• B)Prices that quickly reflect important information
• C)Low number of transactions
• D)Both A and B are correct.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

Political Incentive

A reason or motivation based on political goals or outcomes, influencing the actions of politicians or governments.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.