Which measures the changes in the prices of a "market basket" of some 300 goods and services purchased by typical urban consumers?
A. The Retail Trade survey.
B. The Consumer Price Index.
C. The Survey of Manufactures.
D. The GDP price index.
Answer: B
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Refer to the scenario above. If you invest your money in the bank, you will receive ________ on maturity
A) $172,304.74 B) $898,797.66 C) $3,521,725.58 D) $4,020,025.01
When exchange rates are not determined in the market but are instead set by a country's central bank, we say that the country's exchange rate is
A) fixed. B) a real exchange rate. C) flexible. D) a nominal exchange rate.
Even today, individuals distrust the outcome of free markets, as is evidenced by the protests against the construction of Walmarts across the nation
Indicate whether the statement is true or false
Cost-push inflation may be caused by:
A. a decline in per unit production costs. B. a decrease in wage rates. C. a negative supply shock. D. an increase in resource availability.