Futures trading practices in the United States are regulated by
A) the Chicago Board of Trade.
B) the Chicago Mercantile Exchange.
C) the Commodities Futures Trading Commission.
D) the Board of Futures Trading.
C
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On a diagram of a production possibilities frontier, economic growth is represented by the slope of the production possibilities frontier
Indicate whether the statement is true or false
In the United States, the distribution of wealth
A) is the same as the distribution of income. B) is more unequal than the distribution of income. C) is more equal than the distribution of income. D) is equal for all families.
Instrumental variables requires that the variable not be correlated with the outcome variable.
A. True B. False C. Uncertain
Using Figure 3 above, suppose that the economy was at Y3. This level of GDP would be considered:
A. recessionary. B. a long run level of output. C. a natural rate of output. D. inflationary.