The passage most strongly supports the inference that Garber would agree with which one of the following statements?
Meredithon October 31, 2019
Choice C
Why not C?
1 Reply
Irinaon October 31, 2019
@Meredith,
(C) is not supported by the passage. Garber argued that high prices of certain tulip varieties were not irrational but supported by fundamentals due to future profit potential, thus a rapid rise and fall of tulip prices are not indicative of a speculative bubble. The passage never mentions that Gerber believed that irrational prices indicate a speculative bubble as (C) implies.