Cutting the fed funds rate
A. can cause interest rates to increase.
B. can cause deflation to occur.
C. puts downward pressure on inflation.
D. puts upward pressure on prices.
Answer: D
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What factors can start a cost-push inflation? What must the Fed's response be for the inflation to continue?
What will be an ideal response?
Tertiary employment tended to require generalized education and/or training and, therefore, it was found primarily in rural areas
Indicate whether the statement is true or false
There is only a small difference in wages between college graduates and workers who did not attend college
a. True b. False Indicate whether the statement is true or false
The consumer price index is used to
a. convert nominal GDP into real GDP. b. turn dollar figures into meaningful measures of purchasing power. c. characterize the types of goods and services that consumers purchase. d. measure the quantity of goods and services that the economy produces.