What is the inflation rate that most people know and use?
a. Cost of Living
b. Producer Price Index (PPI)
c. Consumer Price Index (CPI)
d. Wholesale Price Index
c. Consumer Price Index (CPI)
You might also like to view...
The existence of an inflationary gap would tend to benefit most
A. bankers. B. retired persons. C. unemployed workers. D. stock owners.
Which of the following statements about exchange rate is most likely correct?
a. Exchange rates will affect imports and exports but not aggregate demand in the economy. b. Exchange rates will affect imports and exports and thus affect aggregate demand in the economy. c. Exchange rates will affect imports and exports and thus affect aggregate supply in the economy. d. Exchange rates do not affect imports and exports or aggregate demand in the economy.
The U.S. inflation rate ________ in the 1960s and 1970s, ________ in the 1980s, and ________ in the 1990s and 2000s.
A. was steady; rose sharply; fell B. rose; fell sharply; remained low C. rose; fell sharply; rose again D. was steady; rose sharply; remained high
Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP
Indicate whether the statement is true or false