these questions related to the efficient market hypothesis (EMH). True or false. The EMH is inconsistent with the development of asset bubbles. O True O False How did a misunderstanding of the EMH mislead regulators during the housing crisis? O Regulators believed that the market would rise to meet prices. O Financial regulators do not rely on the the EMH, so there is no way they could have been misled. Regulators believed that individual lenders were absorbing the risk. O Regulators did not understand the risk posed by subprime mortgages, as they didn't think asset bubbles were in the presence of the EMH