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  3. Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel Pr

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel Pr

游客2023-08-14  70
问题     Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel Prize for economics on Monday for developing methods to study trends in stock, bond and housing markets. The Royal Swedish Academy of Sciences said that through their research, the three had laid the【C1】______ of the current understanding of asset prices and changed the way people invest.
    White it’s【C2】______ whether stock or bond prices will go up or down in the short term, it’s possible to foresee【C3】______ over periods of three years or longer, the academy said. "These findings, which might seem surprising and contradictory, were【C4】______ made and analyzed by this year’s prize winners," the academy said.
    Fama, 74, and Hansen, 60, are【C5】______ with the University of Chicago. Shiller, 67, is a professor at Yale University. Starting in the 1960s, Fama and others showed how difficult it is to predict individual stock prices in the short run. His findings【C6】______ the practice of investing, leading to the emergence of index funds. Two decades later, Shiller showed that there is more predictability in the long run in stock and bond markets, while Hansen developed a【C7】______ method to test theories of asset pricing. "These are three【C8】______ different kinds of people and the thing that unites them all is asset pricing," says David Warsh, who tracks academic economists on his Economic Principals blog.
    The economics award is not a Nobel Prize in the same sense as the medicine, chemistry, physics, literature and peace prizes, which were【C9】______ by Swedish industrialist Alfred Nobel in 1895. Sweden’s central bank added the economics prize in 1968 as a【C10】______ to Nobel.
A) unpredictable B) foundation C) supplementary D) utterly
E) fellowship F) movements G) illuminates H) memorial
I) inaugurated J) separately K) created L) statistical
M) associated N) cooperatively O) revolutionized [br] 【C8】
选项
答案 D
解析 句子主系表语齐全，空格应为副词。根据句意“这是三位……不同的人，他们因资产定价走到了一起”，可推断空格处应表达获奖者在其他方面差异很大，utterly“完全”符合句意。
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