Tests of rational expectations in markets other than financial markets required the use of survey data from market participants. One problem with using survey data is

Tests of rational expectations in markets other than financial markets required the use of survey data from market participants. One problem with using survey data is



A) it is not readily available.
B) the responses are not always reliable.
C) it leads to market churning.
D) it requires the use of a technical analyst.




Answer: B


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