The research of economists Stevenson and Wolfers tends to support the Easterlin paradox

In equilibrium, the expected future spot rate is equal to the:

a. current spot rate. b. current interest rate. c. interest rate spread. d. current forward rate.

Suppose that the price elasticity of supply for oil is 0.1. Then, if the price of oil rises by 20 percent, the quantity of oil supplied will increase

A) by 200 percent. B) by 20 percent. C) by 2 percent. D) by 0.2 percent.