Which of the following is true about the basis?
A. It tends to be less predictable than the cash price.
B. It can be negative or positive.
C. It is fairly consistent seasonally over time.
D. B and C are correct
Answer: D. B and C are correct
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One reason demand curves slope downwards is
a. Marginal value increases with each purchase b. Marginal value declines with each purchase c. Total value declines with each purchase d. All of the above
The discount window is a:
A. lending facility that banks can use at specified times to borrow reserves needed to meet reserve requirements. B. term used for when large banks offer a lower interest rate for attracting more borrowers. C. lending facility that allows any bank to borrow reserves from the Fed. D. term used for large banking transactions that are associated with lower risk, and therefore qualify for lower interest rates.
If real GDP increases we know for sure that
A) output has risen. B) prices have risen. C) prices have risen but output has remained constant. D) prices have remained constant.
A decrease in consumption and an increase in labor supply would result from
A. a decrease in tax rates. B. an increase in transfer payments. C. an increase in government spending. D. a decrease in transfer payments.