Examlex
Which of the following statements does not characterize the efficient market hypothesis?
Preconditions
Conditions or requirements that must exist or be met before a certain event can occur or a process can proceed.
Economic Elites
A group of people who possess a disproportionate amount of wealth and economic power in a society.
Middle Classes
A social group between the upper and working classes, characterized by moderate to high income levels, education, and professional occupations.
Constitutional Protections
Legal safeguards enshrined in a country's constitution, aimed at ensuring the rights and liberties of its citizens are protected against government infringement.
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