In practice, the three measurements of inflation, the CPI, PPI, and GDP deflator:
A. all closely track each other.
B. are all positively correlated.
C. all measure inflation, but focus on different parts of the economy.
D. All of these statements are true.
D. All of these statements are true.
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According to the efficient markets hypothesis, at any moment in time, the market price is the best estimate of the company's value based on publicly available information
a. True b. False Indicate whether the statement is true or false
Which of the following assessments is correct based on the information presented in Exhibit 3?
a. Calvin has an absolute advantage in food production.
b. Calvin has a lower opportunity cost in cloth production.
c. Wendy has a higher opportunity cost in food production.
d. Wendy has a comparative advantage in cloth production.
If the Fed wishes to decrease the supply of money and credit, it may sell government securities, raise the discount rate, or lower required reserve ratios
Indicate whether the statement is true or false
Farming in poor countries is considered to be ___________ intensive because __________.
A. labor; labor is typically relatively cheaper than machinery in poor countries B. capital; the labor used is concentrated, spread thinly across a lot of capital C. labor; the tools in poor countries are more plentiful than the people D. capital; the tools in poor countries are relatively cheaper than the cost of using people in poor countries