Question: Classify the following events as mostly systematic or mostly unsystematic. Is the distinction clear in every case? Short-term interest rates increase unexpectedly. The interest rate
- Classify the following events as mostly systematic or mostly unsystematic. Is the distinction clear in every case?
- Short-term interest rates increase unexpectedly.
- The interest rate a company pays on its short-term debt borrowing is increased by its bank.
- Oil prices unexpectedly decline.
- An oil tanker ruptures, creating a large oil spill.
- A manufacturer loses a multimillion-dollar product liability suit.
- A Supreme Court decision substantially broadens producer liability for injuries suffered by product users.
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