The price index that measures the prices of goods and services purchased by firms is called the:
A. producer price index.
B. purchasing power index.
C. retail sales index.
D. consumer price index.
Answer: A
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Bonds that are sold in a foreign country and are denominated in the country's currency in which they are sold are known as
A) foreign bonds. B) Eurobonds. C) equity bonds. D) country bonds.
Refer to Figure 9.7. Because of the policy, consumer surplus fell by
A) $10. B) $20. C) $12,500. D) $25,000. E) $45,000.
When it takes time for the president and Congress to change fiscal policy to act on economic data, we have a(n)
A) aggregate time lag. B) action time lag. C) recognition time lag. D) effect time lag.
A regulatory agency that imposes a price ceiling in order to limit monopoly profits to a "fair rate of return" is forcing the monopolist to sell at a price equal to
a. average fixed cost. b. average total cost. c. marginal cost. d. average variable cost.