In May, Jones thinks the upcoming summer's corn crop will be much lower, and the November corn price will be much higher than most people expect. To act on his belief, Jones would
A) sell November corn futures.
B) buy November corn futures.
C) simultaneously buy and sell November corn futures.
D) profit only by waiting to see if his original conclusion was correct.
B
Economics
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A) total B) gross C) marginal D) explicit
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Everything else held constant, when financial frictions increase, the real cost of borrowing ________ so that planned investment spending ________ at any given inflation rate
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