A worker association that bargains with employers over wages and working conditions is called
a. a strike.
b. an oligopoly.
c. a firm.
d. a union.
d
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Which measure of inflation would include consumer goods and capital goods?
A. the Consumer Price Index B. the Retail Trade Survey C. the GDP Price Index D. the Employment Cost Index
If a central bank engages in an unsterilized foreign-exchange intervention with the intention of raising the foreign-exchange value of its currency,
A) the central bank's holdings of international reserves will fall. B) the domestic money supply will rise. C) domestic interest rates will fall. D) it will buy foreign assets.
_____ prefer an import tax to a quota
a. Taxpayers b. Domestic producers c. Foreign producers d. Consumers
All of the following are possible sources of bias in using the Consumer Price Index to measure inflation except
A) an increase in the cost of living B) commodity substitution. C) an improvement in the quality of goods. D) the introduction of new goods. E) Both C and D are exceptions.