The producer price index is based on:
a. prices paid for supplies and inputs by firms
b. the prices of merchandise that is exported or imported.
c. wage inflation in the labor market.
d. prices of goods and services demanded by an average household.
a
You might also like to view...
If the demand for bicycles increases,
a. the quantity demanded decreases b. equilibrium price increases and equilibrium quantity decreases c. equilibrium price decreases and equilibrium quantity increases d. quantity supplied increases e. quantity supplied decreases
When OPEC caused the price of oil to rise in the early 1970s, the:
a. aggregate supply curve shifted to the right. b. aggregate supply curve shifted to the left. c. aggregate demand curve shifted to the right. d. aggregate demand curve shifted to the left. e. price level in the economy fell.
An increase in the interest rate will: a. increase the amount of money supplied by lenders
b. decrease the amount of money supplied by lenders. c. have no effect on the amount of money supplied by lenders. d. have an ambiguous effect on the amount of money supplied by lenders.
The market produces too little of a good with ______.
a. adverse selection b. negative externalities c. positive externalities d. asymmetric information