Output expanded and was distributed toward wartime uses and away from private uses only during World War I (1914–18), not World War II (1941–45). The high unemployment of the 1940s made this possible

The difference between the spot contract and a forward contract is that:

a. the former is a flexible price on the currency, and the latter is a fixed price. b. the former is a contract to be settled immediately, and the latter is a contract to be settled at a future agreed-upon date. c. the former is a derivative, and the latter is not a derivative. d. the former has a fixed price but the contract can be settled at a later date, and the latter is a contract to be settled immediately.

Gruel is an inferior good. Hence, a decrease in people's incomes

A) shifts the supply curve of gruel leftward. B) decreases the quantity of gruel supplied. C) shifts the demand curve for gruel rightward. D) shifts the demand curve for gruel leftward.