Fluctuations in Tobin’s q are ________, because ________. A) frequent
Fluctuations in Tobin’s q are ________, because ________.
A) frequent and substantial; asset prices are volatile
B) frequent and substantial; replacement costs are volatile
C) infrequent and mild; replacement costs are relatively stable
D) infrequent and mild; the marginal product of capital does not change quickly
ANSWER
A
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