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37 Traders at a stock exchange notice that five traders on the floor seem to be selling more yen and purchasing more euros because of
37 Traders at a stock exchange notice that five traders on the floor seem to be selling more yen and purchasing more euros because of an expected decline in the yen. As a result, all other traders started to do the same. This is an example of the ________ that creates a self-fulfilling prophecy when the yen does decline in value.
Multiple Choice
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difference principle
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tragedy of the commons
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arbitration process
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bandwagon effect
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spot exchange rate
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