Which of the following is likely to have the most price elastic demand?

A advantage of using swaps to hedge interest-rate risk is that swaps

A) are less costly than futures. B) can be written for long horizons. C) are not subject to default risk. D) are more liquid than futures.

Keynes argued that I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices

A) I only B) II only C) Both I and II D) Neither I nor II