A futures contract is an agreement to buy a commodity at a specific future date, at a price set today.
Answer the following statement true (T) or false (F)
True
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
When there is a shift in autonomous expenditure, why is there a multiple expansion of income and real GDP? Trace the multiplier effect through the first four rounds when there is an increase in autonomous expenditure of $40 billion and the marginal propensity to consume is 0.75
GDP has nothing to say about the level of ________________ in society.
a. spending b. inequality c. technology d. consistency
"Monetary instability has been the major cause of economic instability in this country. Expansion in the money supply has been the source of every major inflation. Every major recession has been either caused or perpetuated by monetary contraction." Who among the following would most likely adhere to this view?
A. Monetarists. B. Keynesians. C. Demand-side economists. D. Quantity theorists.