Fama and French (1988)found That the Return on the Aggregate

question 32

Multiple Choice

Fama and French (1988) found that the return on the aggregate stock market _________

• A) is higher when the dividend yield is high
• B) is lower when the dividend yield is high
• C) is unrelated to the dividend yield
• D) is higher when bank failures are high
• E) is unrelated to the economy

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Definitions:

Recollections

Memories or thoughts brought back to mind about past experiences or events.

Autobiographical Memory

The aspect of memory that pertains to recollections of personal experiences and events from one's own life.

Automatic Process

Cognitive operations that are fast, require little to no conscious effort, and often occur without our awareness, such as reading familiar words.

Automatization

The process through which tasks become automatic with practice, requiring less cognitive effort to perform over time.