Which of the following is an example of a reserve aggregate closely watched by the Federal Reserve?

The price of a futures contract represents the price the market expects the commodity to be when the contract expires.

a. true b. false

Since the Social Security benefits of retirees are a function of the taxes paid by others, it is easy to predict that _____

a. older voters are likely to vote against higher taxes in exchange for higher benefits b. older voters are likely to vote for higher taxes in exchange for higher benefits c. older voters will be indifferent between higher taxes and higher benefits d. older voters will generally not get what they want