While the CPI focuses on changes to prices for consumers, the PPI:
A. measures the prices of goods and services purchased by firms.
B. stands for the producer price index.
C. looks specifically at the price changes that affect the typical producer.
D. All of these statements are true.
D. All of these statements are true.
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Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. During this time there was a period when it rose to ________ around ________ because ________
A) $190; 500 BC; of the gains from human capital while Aristotle and Plato were teaching in Athens B) $210; 1620; the Pilgrim Fathers began to arrive in the Americas C) a 1-million year high; the 1340s; the Black Death gripped Europe D) $140; 400 BC; the Roman Empire collapsed E) $210; 1492; Columbus sailed to the Americas
In which of the following years was inflation in the United States the highest?
a. 1960. b. 1970. c. 1980. d. 1990. e. 2007.
You are assigned a group project for the class, you will be graded as a group, and your individual grade will be decided on the group's performance relative to other groups. Would you like this arrangement?
What will be an ideal response?
Intermediation in the financial system is the process of:
A. an arbitrator working with government and private firms to create an efficient financial system. B. bringing together buyers and sellers in a market. C. negotiating terms of repayment when agreements between buyers and sellers are in default. D. government intervention in a financial market.