For Markets to Be Efficient,price Adjustments to New Information Must

question 44

True/False

For markets to be efficient,price adjustments to new information must be correct.

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Definitions:

Executive Budget

The budget prepared and submitted by the executive branch of government, detailing proposed revenues and spending for the forthcoming fiscal period.

Presidential Budget

The federal budget proposed by the president to Congress, outlining government spending priorities for the upcoming fiscal year.

Congress

The legislative branch of the federal government in countries such as the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

Federal Budget

This refers to the government's estimate of spending and revenue for a specific fiscal year.