The most inclusive of all price indexes is
a. the GDP deflator
b. the price level
c. the CPI
d. nominal index
e. real index
A
You might also like to view...
Rent seeking involves
A. finding reasonable rent rates. B. price floors. C. price ceilings. D. citizen groups lobbying elected officials to manipulate government policy.
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
In the long run, the expansion path is
A) horizontal. B) vertical. C) diagonal. D) Not enough information.
In Commonwealth v. Hunt (1842) the Supreme Court of Massachusetts
a. established a legal minimum wage in manufacturing. b. ruled that union members have the right to strike and push for a closed shop. c. found the Boston Bootmakers' Society guilty of unlawful conspiracy. d. established the 10-hour day as the legal maximum in manufacturing. e. All of the above.