Which of the following is a leading economic indicator?
a. labor force participation rate
b. GDP deflator
c. S&P 500
d. Consumer Price Index (CPI)
c. S&P 500
You might also like to view...
In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives
A) 8 B) 6 C) 1 1/3 D) 2
According to the quantity theory of money, deflation will occur if the
A) money supply is more than real GDP. B) money supply is less than real GDP. C) money supply grows at a slower rate than real GDP. D) money supply grows at a faster rate than real GDP.
Refer to Scenario 17.3. Moral hazard would be eliminated in this situation if
A) the insurer would always charge $300. B) the insurer would always charge $6000. C) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium upward if it is not. D) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium downward if it is not. E) the fire did not occur.
Compared to the long run, consumers typically ____ to price changes in the short run
a. are very responsive b. are more demand sensitive c. are less demand sensitive d. do not respond at all e. overreact