Headline inflation is:
A. core inflation with the prices of food and gasoline added in.
B. limited measure of inflation in the economy.
C. used only by the media for discussing inflation.
D. not a generally accepted measure of inflation.
A. core inflation with the prices of food and gasoline added in.
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Which of the following changes shifts the SRAS curve down?
A) An increase in the labor force B) An increase in the money supply C) A decrease in government purchases D) A decrease in firms' costs
Which of the following reduces U.S. potential for economic growth by reducing household incentive to use private property most efficiently and effectively?
(a) Personal income taxes (b) Farm subsidies and import tariffs (c) Auto bailouts (d) Regulation in the health care industry
A legally mandated minimum wage is an example of:
a. the invisible hand principle. b. a price floor. c. a price ceiling. d. a fringe benefit.
Good governance is:
A. important to economic growth, but not to economic development. B. important to both economic growth and development. C. important to economic development, but not to economic growth. D. not important to either economic growth or development.