What was Alan Greenspan, the former U.S. Federal Reserve Chairman, referring to when he called it "irrational exuberance"?
A) the pharmaceutical industry
B) the U.S. House of Representatives
C) the stock market
D) small town America

Question

Quizplus · Accepted Answer

Alan Greenspan was referring to the stock market when he used the term "irrational exuberance" in a speech in 1996. He was cautioning that investors were getting carried away with their optimism and not paying enough attention to the risks involved.

What Was Alan Greenspan, the Former U