Explain why the b in diba may be more appropriate for buzz
Macroeconomics
(a) In the 1990s, several stocks had very, very high price to earnings ratios. These stocks appeared overvalued to many observers. What might the people who bought them have been thinking?
(b) Explain why the ‘B’ in DIBA may be more appropriate for Buzz than for Clutch, based on the following information. Clutch and Buzz are both thirty years old. Both are saving for retirement. Clutch is also saving in order to make a down payment on the purchase of a new home. Buzz plans on renting an apartment indefinitely.
