Do changes in stock prices precede economic downturns and expansions, or do they follow changes in economic

Question:

Do changes in stock prices precede economic downturns and expansions, or do they follow changes in economic activity? Are stock market prices a cause or an effect of changes in the macroeconomy?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

Question Posted: