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Which of the following statements is correct? Select one: a. Money Ilusion does not explain the volatility puzzle b. Categorical thinking does not explain the
Which of the following statements is correct? Select one: a. Money Ilusion does not explain the volatility puzzle b. Categorical thinking does not explain the post-earnings-announcement drit. Categorical thinking explains the post-earnings-announcement drift by proposing that investors allocate firms into categories and then make decisions based on these category allocations O d. Money Busion explains the volatility puzzle by proposing that investors perceive nominal discount rates to change more frequently than they actually do
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