The Federal Reserve focuses on the inflation rate based on the ________ rather than the CPI; to measure the underlying trend in inflation, it focuses on the ________
A) GDP deflator; overall GDP deflator
B) GDP deflator; core GDP deflator
C) PCE price index; core PCE price index
D) PCE price index; overall PCE price index
C
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Maximum employment and moderate long-term interest rates are best achieved with
A) price stability. B) high and variable inflation rates. C) high real interest rates. D) high and stable inflation rates. E) high short-term interest rates.
Assume that a company is producing at a point beyond where diminishing returns has already set in. If the firm cuts back on production what would you expect should happen to the marginal product of labor and why?
What will be an ideal response?
How do we graph a relationship among more than two variables?
What will be an ideal response?
Which of the following would be the most difficult consumer characteristic for firms to use in price discrimination?
a. gender b. age c. height d. educational attainment e. weight