The broadest indication of economy-wide inflation is captured by the
A) Consumer Price Index.
B) Gross Domestic Product (GDP) deflator.
C) Producer Price Index.
D) Personal Consumption Expenditure Index.
B
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Hedging by buying an option
A) limits gains. B) limits losses. C) limits gains and losses. D) has no limit on option premiums.
A government-inhibited good is a good which
A) is not subject to the principle of mutual exclusivity. B) the political process has deemed socially undesirable. C) can be consumed by one individual without affecting the consumption of another individual. D) the political process has deemed socially desirable.
The mechanism by which tax and transfer changes affect output differs from the process discussed above for government spending.
What will be an ideal response?
Which of the following factors will shift AD1 to AD3?
A. An increase in expected returns on investment
B. An increase in productivity
C. A decrease in real interest rates
D. A decrease in consumer wealth