The Fed prefers to focus on inflation based on which price index?
A. Consumer price index
B. GDP deflator
C. Personal consumption expenditures price index
D. Producer price index
Answer: C
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If the government places a new tax on the hiring of workers, then we would expect
a. both the short run and long run Phillips curve to shift to the right. b. both the short run and long run Phillips curve to shift to the left. c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right. d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right. e. none of the above.
Refer to Table 17-20. If Maddie chooses not to clean, then Nadia will
a. clean and Maddie's payoff will be 50.
b. clean and Maddie's payoff will be 30.
c. not clean and Maddie's payoff will be 7.
d. not clean and Maddie's payoff will be 10.
The ________ measures the sum of the current account balance plus the nonofficial financial account balance.
A. official fiscal balance B. nonofficial capital balance C. current financial balance D. official settlements balance
Which of the following will cause the demand curve for product A to shift to the left?
A. Population growth that causes an expansion in the number of persons consuming A. B. An increase in money income if A is a normal good. C. A decrease in the price of complementary product C. D. An increase in money income if A is an inferior good.