The Fisher index
A) uses the arithmetic mean of the Paasche index and the Laspeyres index.
B) uses the standard deviation of the Paasche index and the Laspeyres index.
C) uses the geometric mean of the Paasche index and the Laspeyres index.
D) uses the harmonic mean of the Paasche index and the Laspeyres index.
C
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If the demand for computers increases as consumers' incomes rise, then computers are:
A. a normal good. B. a complementary good. C. an inferior good. D. a substitute good.
In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. As the economy moves toward its ultimate equilibrium, the ________ curve shifts ________
A) aggregate supply; leftward B) aggregate supply; rightward C) aggregate demand; rightward D) aggregate demand; leftward E) potential GDP; leftward
The entry of new firms into a monopolistic competitive industry will shift the
a. market demand curve to the right b. market demand curve to the left c. existing firms' demand curves to the right d. existing firms' demand curves to the left e. market supply curve to the left
What happened to the peso when the Argentine government succumbed to the market forces in 2002?
a. Revalued b. Devalued c. Depreciated d. Appreciated