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Q.1117

The economist Robert Shiller, a professor at Yale University, received the Nobel Prize for Economics for 2013, along with Eugene Fama and Lars Peter Hansen. A behavioral economist, he has been studying bubbles in markets.

In 2000, he published a book on a possible bubble in stock markets which was how things turned out that year. The book took its title from a phrase made famous by the then Chairman of the Federal Reserve, Alan Greenspan.

What is this phrase?

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This day last year: Q.752

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Q.2336

In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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