Answer the following statements true (T) or false (F)
1. The unemployment of capital can be expressed in terms of the manufacturing capacity
utilization rate.
2. The consumer price index or CPI is given by the cost of a standard market basket of goods and services in the current period relative to the GDP implicit price deflator.
3. The annual rate of inflation based on the CPI is calculated by the ratio of the change in the CPI in the current period to the cost of the same basket of goods and services in a base period.
4. Cost push inflation occurs when prices are rising throughout the economy even though the economy is nowhere near full employment output.
5. Macroeconomic policies that promote supply expansion will expand the level of output in the aggregate product market and cause the general price level to decline.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
You might also like to view...
One-half inch, converted to millimeters, is:
A. 6.35 B. 12.7 C. 19.05 D. 25.4
The semilunar valves prevent backflow into the
A) atria. B) aorta. C) ventricles. D) pulmonary trunk. E) venae cavae.
Horn circuits are generally protected by a ________
A) Fuse B) Fusible link C) Either A or B D) Neither A nor B
The tire size markings for most passenger car tires in the United States use a combination of letters and numbers.
Answer the following statement true (T) or false (F)