The Producer Price Index (PPI) measures
a. the price level of aggregate output.
b. the prices charged by manufacturers.
c. changes in the prices received by producers.
d. price changes passed along to consumers.
c. changes in the prices received by producers.
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According to this Application, a common belief is that fiscal multipliers are ________ during ________
A) larger; recessions B) of equal size; recessions and growth periods C) smaller; growth periods D) smaller; recessions
Refer to the scenario above. If the investor plans to invest a sum of $4,000, which of the following statements is true?
A) All three investment options are equally profitable. B) Options A and B are profitable investment options, whereas Option C is not. C) Options A and C are profitable investment options, whereas Option B is not. D) Options B and C are profitable investment options, whereas Option A is not.
If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then total surplus will be
A) $0. B) $4 million. C) $8 million. D) $16 million.
Use the above table. Assuming constant opportunity costs, a comparative advantage in producing beef is possessed by
A) neither Argentina or France. B) both Argentina and France. C) Argentina. D) France.