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Asprem (1989)found That Changes in Industrial Production,employment,and Imports,the Level of Interest

Question 82

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Asprem (1989) found that changes in industrial production,employment,and imports,the level of interest rates,and an inflation measure explained only a small portion of the variability of equity returns for 10 European countries,but that substantially more of the variation was explained by


A) an international market index.
B) changes in exchange rates.
C) the Herfindahl index.
D) the 4-firm concentration ratio.

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