The Consumer Price Index includes
A. the top selling 50 goods and services each month.
B. all of the goods and services produced in the economy.
C. only goods and services produced domestically.
D. goods and services from 8 major categories.
Answer: D
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Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 20 sliders and 60 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Which of the following statements about stock market brokers and dealers is TRUE?
A) Brokers earn commissions from trading stocks but dealers try to profit from trading stocks. B) Brokers try to profit from trading stocks but dealers earn commissions from trading stocks. C) Both brokers and dealers earn commissions from trading stocks. D) Both brokers and dealers try to profit from trading stocks.
If Mattie wants to discourage Irene from entering the market, what strategy should she follow?
a. Threaten to always accommodate b. Always accommodate c. Threaten to always fight d. All of the above
Monetary policy designed to offset an inflationary gap would:
a. Increase interest rates and increase aggregate demand. b. Increase interest rates and decrease aggregate demand. c. Decrease interest rates and increase aggregate demand d. Decrease interest rates and decrease aggregate demand.