The price index that measures the prices of goods and services purchased by firms is called the:
A. CPI.
B. PPI.
C. RPI.
D. PRI.
Answer: B
You might also like to view...
When the aggregate demand curve shifts ________ than the long-run aggregate supply shifts rightward, the result will be inflation
A) rightward at a faster rate B) leftward at a slower rate C) leftward at the same rate D) rightward at a slower rate
Table 25.2Pool SweeperOutput (Revenue)Market Share (%)North Star$20,000 Hurricane$16,000 Blue Lagoon$2,000 Clean Sweep$2,000 Refer to Table 25.2. Assume there are only four firms in the pool sweeper industry. What is the Herfindahl-Hirschman Index for this industry?
A. 4,125. B. 50. C. 4,150. D. 2,500.
The famous economist who coined the metaphor "the invisible hand" is:
A. Mickey Kantor. B. Ben Bernanke. C. Milton Friedman. D. Adam Smith.
Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.
Figure 18.1Refer to Figure 18.1. The second-wealthiest fifth of families earned ________% of income in Outland.
A. 17 B. 25 C. 60 D. 95