Examlex
What is horizontal federalism?
Stock Index Futures
Futures contracts to buy or sell a specific stock index at a predetermined price on a specified future date, used for hedging or speculating on the direction of the stock market.
Multiplier
A concept in economics referring to the factor by which a change in investment, government spending, or other economic activity results in a larger change in the gross domestic product (GDP).
Dollars
A unit of currency used in the United States and other countries, symbolized as $.
S&P 500 Index
A market-capitalization-weighted index of the 500 largest U.S. publicly traded companies and is often used as a benchmark for the overall stock market.
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