Which of the following would policy makers monitor to understand personal consumption expenditures (PCEs):
A. S&P 500 Stock Index
B. Consumer Price Index (CPI)
C. Retail sales
D. Real Gross Domestic Product (GDP
C. Retail sales
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The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price decreases from $10 to $5?
A. perfectly elastic B. unit elastic C. elastic D. inelastic
Under a fixed exchange rate system, a central bank's intervention in the foreign exchange market will not affect the domestic money supply
Indicate whether the statement is true or false
The simplest type of oligopoly is
a. monopoly. b. duopoly. c. monopolistic competition. d. oligopolistic competition.
Which of the following is a determinant of productivity?
a. human capital per worker b. physical capital per worker c. natural resources per worker d. All of the above are correct.