As the time of delivery in a futures contract gets closer
A) the futures price gets closer to the spot price.
B) the futures price generally rises further above the spot price.
C) the futures price generally falls further below the spot price.
D) the futures and spot prices remain the same as they were when the contract was first created.
A
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Tax policy conducted for the purpose of achieving full employment, price stability, or economic growth is an example of
A) discretionary fiscal policy. B) interest-rate policy. C) monetary policy. D) exchange-rate policy.
Market consumer surplus
A) is the area under the demand curve and above market price, up to the quantity actually bought. B) is equal to total market revenue minus cost. C) does not depend on the quantity sold. D) is the area under the market price and above the marginal cost curve.
The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the_____
a. activity lag b. decision-making lag c. effectiveness lag d. implementation lag e. recognition lag
Compared to the size of GDP in 2014, the net national debt was approximately
a. 10% as large. b. 33% as large. c. 60% as large. d. about twice as large.