For which kind of stock would you expect to pay the higher average return: stock in an

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For which kind of stock would you expect to pay the higher average return: stock in an industry that is very sensitive to economic conditions (such as a car manufacturer) or stock in an industry that is relatively insensitive to economic conditions (such as a water company). Why?

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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