Inflation can be measured by the
a. change in the consumer price index.
b. percentage change in the consumer price index.
c. percentage change in the price of a specific commodity.
d. change in the price of a specific commodity.
b
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Which combination of assets represents the most diversification?
A) holding corporate and Treasury bonds B) holding shares of Google and Yahoo C) holding shares of Google and Microsoft D) holding shares of Google along with Treasury bonds
The downward sloping aggregate demand curve can be explained in part through the:
A. positive relationship between the price level and net exports. B. positive relationship between the price level and consumption. C. negative relationship between the price level and investment spending. D. All of these are true.
An implication of scarcity is that:
A. some people will always be poor. B. people must make trade-offs. C. making trade-offs becomes unnecessary as wealth increases. D. people will never be happy.
What word describes the money that a business pays for its inputs?
A. Production B. Cost C. Output D. Revenue