Refer to Exhibit 2-6. Which graph depicts a technological improvement in the production of good Y only?
 ANSWER 7.png)
(4)
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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.
Identify the “oversimplified multiplier formula.”
A. Multiplier = 1 divided by (1 ? change in GDP) B. Multiplier = 1 divided by (1 ? marginal propensity to consume) C. Multiplier = 1 divided by (1 ? marginal propensity to save) D. Multiplier = 1 divided by (1 ? rate of inflation)
On average, if demand is unknown and costs of underpricing are _______ than the costs of overpricing, then _________
a. Smaller; overprice b. Smaller; underprice c. Larger; underprice d. None of the above
According to Keynes, an unbalanced budget is appropriate in all of the following situations except when
A. The economy is at full employment. B. Leakages and injections are out of balance. C. The economy is below full employment. D. Macro equilibrium is above full employment.