The Consumer Expenditure Survey measures
A) households' spending patterns.
B) the wholesale price on what consumers buy so that a markup percentage can be found.
C) the maximum price buyers will pay for a good or service.
D) consumers' incomes.
E) the jobs at which consumers work.
A
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During the postwar period, the portion of total employment declined in the ______ sector
a. agricultural b. manufacturing c. mining d. construction e. All of the above.
If interest rates in Europe fall below interest rates in the United States, then, other things equal, the demand for euros will decrease
a. True b. False Indicate whether the statement is true or false
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Possible explanations that have been offered for the Great Moderation experienced in the United States include all of the following except:
A. better understanding and use of monetary policy. B. economies that have become more flexible in absorbing shocks. C. good fortune. D. calm financial markets.