Which of the following statements is(are) correct
a. As a result of the Great Depression of the 1930s, the quantity theory had come into disrepute, together with the rest of the classical theories.
b. According to Friedman, the depression was caused by a fall in aggregate supply and not aggregate demand as believed by the Keynesians.
c. As a result of the Great Depression of the 1930s, Friedman believed that the Keynesians had nothing to say about money demand.
d. All of the above
e. both b and c.
C
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In comparing futures contracts with options contracts, we can say that
A) in a futures contract, the buyer and seller have symmetric rights, whereas in an options contract, the buyer and seller have asymmetric rights. B) in a futures contract, the buyer and seller have asymmetric rights, whereas in an options contract, the buyer and seller have symmetric rights. C) in both futures and options contracts, the buyer and seller have symmetric rights. D) in both futures and options contracts, the buyer and seller have asymmetric rights.